Key information about South Korea External Debt: % of GDP

• South Korea External Debt accounted for 35.8 % of the country's Nominal GDP in 2024, compared with the ratio of 36.6 % in the previous year.
• South Korea External Debt: % of Nominal GDP data is updated yearly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 39.4 % in Dec 1998 and a record low of 16.5 % in Dec 2005.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Bank of Korea provides External Debt in USD and Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about South Korea External Debt: % of GDP

• In the latest reports of South Korea, Current Account recorded a surplus of 9.6 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 2.6 USD bn in Jun 2023.
• South Korea Direct Investment Abroad expanded by 7.0 USD bn in Dec 2024.
• Its Foreign Portfolio Investment fell by 4.9 USD bn in Dec 2024.
• The country's External Debt reached 670,025.3 in Dec 2024.
• The country's Nominal GDP was reported at 429.2 USD bn in Mar 2023.

Key information about South Korea External Debt

• South Korea External Debt reached 670.0 USD bn in Dec 2024, compared with 702.7 USD bn in the previous quarter.
• South Korea External Debt: USD mn data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 702.7 USD bn in Sep 2024 and a record low of 80.9 USD bn in Dec 1994.

Related information about South Korea External Debt

• In the latest reports of South Korea, Current Account recorded a surplus of 9.6 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 2.6 USD bn in Jun 2023.
• South Korea Direct Investment Abroad expanded by 7.0 USD bn in Dec 2024.
• Its Foreign Portfolio Investment fell by 4.9 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 429.2 USD bn in Mar 2023.

South Korea debt to gdp ratio for 2022 was 51.18%, a 2.22% increase from 2021.

<ul style='margin-top:20px;'>

<li>South Korea debt to gdp ratio for 2021 was <strong>48.96%</strong>, a <strong>2.52% increase</strong> from 2020.</li>
<li>South Korea debt to gdp ratio for 2020 was <strong>46.43%</strong>, a <strong>6.46% increase</strong> from 2019.</li>
<li>South Korea debt to gdp ratio for 2019 was <strong>39.97%</strong>, a <strong>2.41% increase</strong> from 2018.</li>
</ul>Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.

Key information about South Korea External Debt: Short Term

• South Korea External Debt: Short Term value stood at 146.9 USD bn in Dec 2024, compared with 158.7 USD bn in the previous quarter.
• South Korea External Debt: Short Term data is updated quarterly, available from Dec 1994 to Dec 2024.
• The data reached an all-time high of 187.8 USD bn in Sep 2008 and a record low of 33.7 USD bn in Dec 2001.

Related information about South Korea External Debt: Short Term

• In the latest reports of South Korea, Current Account recorded a surplus of 9.6 USD bn in Dec 2024.
• Foreign Direct Investment (FDI) increased by 2.6 USD bn in Jun 2023.
• South Korea Direct Investment Abroad expanded by 7.0 USD bn in Dec 2024.
• Its Foreign Portfolio Investment fell by 4.9 USD bn in Dec 2024.
• The country's Nominal GDP was reported at 429.2 USD bn in Mar 2023.

Korea Gross Public Debt: % of GDP: General Government: Foreign Currency data was reported at 0.448 % in Dec 2016. This records a decrease from the previous number of 0.471 % for Dec 2015. Korea Gross Public Debt: % of GDP: General Government: Foreign Currency data is updated quarterly, averaging 0.548 % from Dec 2011 (Median) to Dec 2016, with 6 observations. The data reached an all-time high of 0.812 % in Dec 2011 and a record low of 0.448 % in Dec 2016. Korea Gross Public Debt: % of GDP: General Government: Foreign Currency data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

Key information about South Korea Household Debt: % of GDP

• South Korea household debt accounted for 93.7 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 93.9 % in the previous quarter.
• South Korea household debt to GDP ratio is updated quarterly, available from Dec 2002 to Sep 2024.
• The data reached an all-time high of 101.9 % in Sep 2021 and a record low of 61.4 % in Mar 2005.

CEIC calculates quarterly Household Debt as % of Nominal GDP from quarterly Household Debt and quarterly Nominal GDP. The Bank of Korea provides Household Debt in local currency and Nominal GDP in local currency, based on SNA 2008. Household Debt includes NPISH. Household Debt prior to Q4 2008 is based on SNA 1993.


Related information about South Korea Household Debt: % of GDP

• In the latest reports, South Korea Household Debt reached 1,742.9 USD bn in Mar 2023.
• Money Supply M2 in South Korea increased 6.7 % YoY in Sep 2024.
• South Korea Foreign Exchange Reserves was measured at 391.9 USD bn in Dec 2024.
• The Foreign Exchange Reserves equaled 7.1 Months of Import in Dec 2024.
• South Korea Domestic Credit reached 3,624.4 USD bn in Sep 2024, representing an increased of 5.3 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter.

Korea Gross Public Debt: % of GDP: General Government: External Creditors data was reported at 4.474 % in Dec 2016. This records an increase from the previous number of 4.358 % for Dec 2015. Korea Gross Public Debt: % of GDP: General Government: External Creditors data is updated quarterly, averaging 4.416 % from Dec 2011 (Median) to Dec 2016, with 6 observations. The data reached an all-time high of 4.602 % in Dec 2011 and a record low of 4.173 % in Dec 2013. Korea Gross Public Debt: % of GDP: General Government: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: QPSD: Gross Public Debt: % of GDP: General Government.

KR: Gross Public Debt: % of GDP: Non Financial Public Corporations: External Creditors data was reported at 2.550 % in Dec 2016. This records an increase from the previous number of 2.498 % for Dec 2015. KR: Gross Public Debt: % of GDP: Non Financial Public Corporations: External Creditors data is updated quarterly, averaging 2.524 % from Dec 2011 (Median) to Dec 2016, with 6 observations. The data reached an all-time high of 2.787 % in Dec 2014 and a record low of 1.383 % in Dec 2011. KR: Gross Public Debt: % of GDP: Non Financial Public Corporations: External Creditors data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: QPSD: Gross Public Debt: % of GDP: Non Financial Public Corporations.

Korea Gross Public Debt: % of GDP: Non Financial Public Corporations: Foreign Currency data was reported at 2.804 % in Dec 2016. This records a decrease from the previous number of 2.912 % for Dec 2015. Korea Gross Public Debt: % of GDP: Non Financial Public Corporations: Foreign Currency data is updated quarterly, averaging 2.971 % from Dec 2011 (Median) to Dec 2016, with 6 observations. The data reached an all-time high of 3.260 % in Dec 2013 and a record low of 2.804 % in Dec 2016. Korea Gross Public Debt: % of GDP: Non Financial Public Corporations: Foreign Currency data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: QPSD: Gross Public Debt: % of GDP: Non Financial Public Corporations.

Key information about South Korea Household Debt

• South Korea Household Debt reached 1,742.9 USD bn in Mar 2023, compared with the reported number of 1,847.0 USD bn in the previous quarter
• South Korea Household Debt: USD mn data is updated quarterly, available from Dec 2002 to Mar 2023
• The data reached an all-time high of 1,914.2 USD bn in Jun 2021 and a record low of 428.3 USD bn in Mar 2003

CEIC converts quarterly Household Debt into USD. The Bank of Korea provides Household Debt in local currency based on SNA 2008. The Federal Reserve Board period end market exchange rate is used for currency conversions. Household Debt includes NPISH. Household Debt prior to Q4 2008 is based on SNA 1993.


Further information about South Korea Household Debt

• In the latest reports, South Korea Household Debt accounted for 104.5 % of the country's Nominal GDP in Mar 2023
• Money Supply M2 in South Korea increased 2,818.1 USD bn YoY in Apr 2023
• South Korea Foreign Exchange Reserves was measured at 397.2 USD bn in Jun 2023
• The Foreign Exchange Reserves equaled 7.5 Months of Import in Jun 2023
• South Korea Domestic Credit reached 3,287.4 USD bn in Apr 2023, representing an increased of 4.2 % YoY

KR: BOP: Financial Account: Foreign Direct Investment: Net Inflows: % of GDP data was reported at 1.114 % in 2017. This records an increase from the previous number of 0.856 % for 2016. KR: BOP: Financial Account: Foreign Direct Investment: Net Inflows: % of GDP data is updated yearly, averaging 0.485 % from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 2.049 % in 2000 and a record low of 0.009 % in 1980. KR: BOP: Financial Account: Foreign Direct Investment: Net Inflows: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Balance of Payments: Capital and Financial Account. Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP.; ; International Monetary Fund, International Financial Statistics and Balance of Payments databases, World Bank, International Debt Statistics, and World Bank and OECD GDP estimates.; Weighted average; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).

Key information about South Korea Domestic Credit Growth

• South Korea Domestic Credit increased 5.7 % YoY in Dec 2024, compared with an increase of 5.0 % YoY in the previous month
• South Korea Domestic Credit Growth YoY data is updated monthly
• It averaged 6.8 %, available from Dec 2002 to Dec 2024
• The data reached an all-time high of 22.3 % in Nov 2008 and a record low of -0.5 % in Feb 2010

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The Bank of Korea provides Domestic Credit in local currency.


Further information about South Korea Domestic Credit Growth

• In the latest reports, South Korea Domestic Credit reached 3,277.3 USD bn in Dec 2024
• Money Supply M2 in South Korea increased to 2,812.9 USD bn YoY in Dec 2024
• South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 93.7 % in Sep 2024, accounting for 93.7 % of the country's Nominal GDP

Key information about South Korea Foreign Exchange Reserves: Months of Import

• South Korea Foreign Exchange Reserves equaled 8.0 Months of Import in Feb 2025, compared with the ratio of 7.6 in the previous month
• South Korea Foreign Exchange Reserves: Months of Import data is updated monthly, available from Jan 1971 to Feb 2025
• The data reached an all-time high of 12.2 in Feb 2016 and a record low of 1.3 in Jan 1988

CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. The Bank of Korea provides Foreign Exchange Reserves in USD. Korea Customs Service provides Imports in USD.


Further information about South Korea Foreign Exchange Reserves: Months of Import

• In the latest reports, South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• Its Money Supply M2 increased 6.7 % YoY in Dec 2024
• South Korea Domestic Credit reached 3,277.3 USD bn in Dec 2024, representing an increased of 5.7 % YoY
• The country's Non Performing Loans Ratio stood at 0.4 % in Dec 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 1,742.9 USD bn in Mar 2023, accounting for 93.7 % of the country's Nominal GDP

Key information about South Korea Domestic Credit

• South Korea Domestic Credit reached 3,277.3 USD bn in Dec 2024, compared with a reported figure of 3,443.0 USD bn in the previous month
• South Korea Domestic Credit data is updated monthly
• It is available from Dec 2001 to Dec 2024 and averaged 1,929.2 USD bn
• The data reached an all-time high of 3,624.4 USD bn in Sep 2024 and a record low of 672.0 USD bn in Dec 2001

CEIC converts monthly Domestic Credit into USD. The Bank of Korea provides Domestic Credit in local currency. The Federal Reserve Board period end market exchange rate is used for currency conversions.


Further information about South Korea Domestic Credit

• In the latest reports, South Korea Domestic Credit represented an increased of 5.7 % YoY in Dec 2024
• Money Supply M2 in South Korea increased to 2,812.9 USD bn YoY in Dec 2024
• South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 93.7 % in Sep 2024, accounting for 93.7 % of the country's Nominal GDP

Key information about South Korea Foreign Exchange Reserves

• South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025, compared with 391.9 USD bn in the previous month
• South Korea Foreign Exchange Reserves: USD mn data is updated monthly, available from Dec 1956 to Jan 2025
• The data reached an all-time high of 445.7 USD bn in Jul 2021 and a record low of 97.2 USD mn in Dec 1956

CEIC extends history for monthly Foreign Exchange Reserves. The Bank of Korea provides monthly Foreign Exchange Reserves in USD. Foreign Exchange Reserves prior to January 1971 is sourced from the International Monetary Fund.


Further information about South Korea Foreign Exchange Reserves

• In the latest reports, South Korea Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025.
• Its Money Supply M2 increased 2,961.3 USD bn YoY in Nov 2024.
• South Korea Domestic Credit reached 3,443.0 USD bn in Nov 2024, representing an increased of 5.0 % YoY.
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter.
• Household Debt of South Korea reached 93.7 % in Sep 2024, accounting for 93.7 % of the country's Nominal GDP.

남아프리카 공화국의 대외 부채 : GDP 대비 %은 2023년에 41.5 %로 보고 되었습니다. 이는 2022년에 40.4 %라는 이전 수치에 비 해상승한 기록입니다.남아프리카 공화국의 대외 부채 : GDP 대비 % 데이터는 매년마다 업데이트 되며,39개의 관측으로 1985년부터 2023년사이에 평균 25.6 %입니다. 이 데이터는2020년에 50.4 %라는사상 최고치를, 2005년에 16.9 %라는 최저치를 기록했습니다. 남아프리카 공화국’의 대외 부채 : GDP 대비 % 데이터는 CEIC에 활성 상태로 남아 있으며CEIC Data에 의해 보고되는 정보입니다. 본 데이터는 World Trend Plus의 Global Economic Monitor - Table: External Debt: % of Nominal GDP: Annual하에 분류 됩니다.

Key information about South Korea Reserve Requirement Ratio

• Reserve Required Ratio: CSB&KDB: Demand Deposit: Won was set as 7.0 % in Feb 2025
• South Korea Reserve Requirement Ratio data updated monthly, available from Nov 1979 to Feb 2025
• The data is reported by The Bank of Korea
• In the latest reports, South Korea Money Supply M2 increased to 2,812.9 USD bn YoY in Dec 2024
• Foreign Exchange Reserves in South Korea was measured at 387.3 USD bn in Jan 2025.
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• South Korea Domestic Credit reached 3,277.3 USD bn in Dec 2024, representing an increase of 5.7 % YoY
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 93.7 % in Sep 2024, accounting for 93.7 % of the country's Nominal GDP

Key information about South Korea Non Performing Loans Ratio

• South Korea Non Performing Loans Ratio stood at 0.4 % in Dec 2024, compared with the ratio of 0.4 % in the previous quarter
• South Korea Non Performing Loans Ratio data is updated quarterly, available from Jun 2001 to Dec 2024
• The data reached an all-time high of 3.5 % in Jun 2001 and a record low of 0.3 % in Sep 2023

Financial Supervisory Service provides quarterly Non Performing Loans Ratio. Non Performing Loans are defined as summation of Loans overdue for more than 3 months with Non Accrual Loans. [COVID-19-IMPACT]


Further information about South Korea Non Performing Loans Ratio

• In the latest reports, Money Supply M2 in South Korea increased 6.7 % YoY in Dec 2024
• South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• The country's Domestic Credit reached 3,277.3 USD bn in Dec 2024, representing an increased of 5.7 % YoY
• Household Debt of South Korea reached 1,742.9 USD bn in Mar 2023, accounting for 93.7 % of the country's Nominal GDP

Key information about South Korea M2 Growth

• South Korea Money Supply M2 increased 6.7 % YoY in Dec 2024, compared with a growth of 6.2 % in the previous month
• South Korea Money Supply M2 growth data is updated monthly, available from Jan 1971 to Dec 2024
• The data reached an all-time high of 50.1 % in Oct 1977 and a record low of 1.2 % in May 2000

CEIC calculates M2 Growth Rate from monthly M2. The Bank of Korea provides M2 in local currency.


Further information about South Korea M2 Growth

• In the latest reports, South Korea Foreign Exchange Reserves was measured at 387.3 USD bn in Jan 2025
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• South Korea Domestic Credit reached 3,443.0 USD bn in Nov 2024, representing an increased of 5.0 % YoY
• The country's Non Performing Loans Ratio stood at 0.4 % in Sep 2024, compared with the ratio of 0.4 % in the previous quarter
• Household Debt of South Korea reached 1,742.9 USD bn in Mar 2023, accounting for 93.7 % of the country's Nominal GDP

남아프리카 공화국의 대외 부채 : 단기 : GDP 대비 %은 2023년에 8.4 %로 보고 되었습니다. 이는 2022년에 8.4 %라는 이전 수치에 비 해하락한 기록입니다.남아프리카 공화국의 대외 부채 : 단기 : GDP 대비 % 데이터는 매년마다 업데이트 되며,30개의 관측으로 1994년부터 2023년사이에 평균 6.7 %입니다. 이 데이터는2016년에 9.2 %라는사상 최고치를, 2004년에 4.4 %라는 최저치를 기록했습니다. 남아프리카 공화국’의 대외 부채 : 단기 : GDP 대비 % 데이터는 CEIC에 활성 상태로 남아 있으며CEIC Data에 의해 보고되는 정보입니다. 본 데이터는 World Trend Plus의 Global Economic Monitor - Table: External Debt: Short Term: % of Nominal GDP: Annual하에 분류 됩니다.