Key information about South Korea Household Debt: % of GDP

• South Korea household debt accounted for 92.7 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 92.5 % in the previous quarter.
• South Korea household debt to GDP ratio is updated quarterly, available from Dec 2002 to Jun 2025.
• 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 1,776.8 USD bn in Jun 2025.
• Money Supply M2 in South Korea increased 8.9 % YoY in Sep 2025.
• South Korea Foreign Exchange Reserves was measured at 403.9 USD bn in Oct 2025.
• The Foreign Exchange Reserves equaled 7.5 Months of Import in Oct 2025.
• South Korea Domestic Credit reached 3,612.9 USD bn in Sep 2025, representing an increased of 6.5 % YoY.
• The country's Non Performing Loans Ratio stood at 0.5 % in Sep 2025, compared with the ratio of 0.4 % in the previous quarter.

Households Debt in South Korea decreased to 89.50 percent of GDP in the first quarter of 2025 from 89.60 percent of GDP in the fourth quarter of 2024. This dataset provides - South Korea Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, South Korean households' debt-to-gross disposable income ratio was about 186.5 percent. This ratio has been on an overall upward trend over the past few years. Household debt mainly includes loans, primarily home mortgages, and other types of liabilities such as consumer credit (e.g., credit card debt, automobile loans). A ratio above 100 percent indicates that the debt owed is greater than the annual disposable income. According to the source, South Korea had one of the highest household debt-to-income ratios among OECD countries in 2023.

Graph and download economic data for Household Debt to GDP for Republic of Korea (HDTGPDKRQ163N) from Q4 2005 to Q2 2024 about Korea, debt, households, and GDP.

In 2024, the value of household debt in South Korea amounted to about ***** million South Korean won, slightly down from about ***** million South Korean won in the previous year. Household debt in South Korea has risen steadily in recent years.

Key information about South Korea Household Debt

• South Korea Household Debt reached 1,776.8 USD bn in Jun 2025, compared with the reported number of 1,612.7 USD bn in the previous quarter
• South Korea Household Debt: USD mn data is updated quarterly, available from Dec 2002 to Jun 2025
• 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 92.7 % of the country's Nominal GDP in Jun 2025
• Money Supply M2 in South Korea increased 3,166.6 USD bn YoY in Sep 2025
• South Korea Foreign Exchange Reserves was measured at 403.9 USD bn in Oct 2025
• The Foreign Exchange Reserves equaled 7.5 Months of Import in Oct 2025
• South Korea Domestic Credit reached 3,612.9 USD bn in Sep 2025, representing an increased of 6.5 % YoY

In 2023, South Korea's household debt accounted for about ***** percent of its gross domestic product (GDP). While the household debt-to-GDP ratio has decreased compared to the previous year, it remains very high in international comparisons.

Household debt to GDP, in percent in South Korea, March, 2025 The most recent value is 89.5 percent as of March 2025, a decline compared to the previous value of 89.6 percent. Historically, the average for South Korea from March 1999 to March 2025 is 73.23 percent. The minimum of 43.5 percent was recorded in December 1999, while the maximum of 99.1 percent was reached in September 2021. | TheGlobalEconomy.com

Key information about South Korea Debt Service Ratio: Households

• South Korea Debt Service Ratio: Households was reported at 11.500 % in Mar 2025
• This records a decrease from the previous number of 11.600 % for Dec 2024
• South Korea Debt Service Ratio: Households data is updated quarterly, averaging 1,387,502.684 % from Mar 1999 to Mar 2025, with 105 observations
• The data reached an all-time high of 2,985,888.479 % in Dec 2024 and a record low of 466,216.832 % in Dec 1995
• South Korea Debt Service Ratio: Households data remains active status in CEIC and is reported by Bank for International Settlements
• The data is categorized under World Trend Plus’s Association: Banking Sector – Table RC.BIS.DSR: G2 Households (HH) and Non-Profit Institution Serving Households (NPISHs): Quarterly

In 2023, the total value of household debt in South Korea amounted to about ***** trillion South Korean won, up from about ***** trillion South Korean won in the previous year. Household debt has risen steadily in recent years.

In 2023, households with a head of household aged 65 and above in South Korea had an average debt of about ** million South Korean won, up from about ** million in the previous year. Elderly household debt in South Korea has increased in recent years.

South Korea Household Debt to GDP - Historical chart and current data through 2024.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

According to a survey conducted in South Korea in 2023, around ** percent of respondents reported that their household debt had increased compared to the previous year. Over the past decade, most households so no change in their debt.

Korea CSI: Expectations: Household Debt: 60-70 Years Old data was reported at 96.000 Point in Jul 2018. This records a decrease from the previous number of 97.000 Point for Jun 2018. Korea CSI: Expectations: Household Debt: 60-70 Years Old data is updated monthly, averaging 99.000 Point from Jul 2008 (Median) to Jul 2018, with 121 observations. The data reached an all-time high of 107.000 Point in Jul 2011 and a record low of 95.000 Point in Mar 2018. Korea CSI: Expectations: Household Debt: 60-70 Years Old data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.H030: Consumer Survey Index: The Bank of Korea: Consumer Sentiment Index.

In 2024, the household debt in Seoul, South Korea, totaled approximately *** million South Korean won, marking a decrease from the previous year's *** million won. The consistent upward trend in Seoul's household debt experienced its first decrease in 2023.

Korea CSI: Expectations: Household Debt: Other Cities data was reported at 98.000 Point in Jul 2018. This records an increase from the previous number of 97.000 Point for Jun 2018. Korea CSI: Expectations: Household Debt: Other Cities data is updated monthly, averaging 100.000 Point from Jul 2008 (Median) to Jul 2018, with 121 observations. The data reached an all-time high of 109.000 Point in Jul 2008 and a record low of 96.000 Point in May 2018. Korea CSI: Expectations: Household Debt: Other Cities data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.H030: Consumer Survey Index: The Bank of Korea: Consumer Sentiment Index.

Korea CSI: Expectations: Household Debt: Male data was reported at 99.000 Point in Jul 2018. This records an increase from the previous number of 98.000 Point for Jun 2018. Korea CSI: Expectations: Household Debt: Male data is updated monthly, averaging 100.000 Point from Jul 2008 (Median) to Jul 2018, with 121 observations. The data reached an all-time high of 109.000 Point in Jul 2008 and a record low of 97.000 Point in May 2018. Korea CSI: Expectations: Household Debt: Male data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.H030: Consumer Survey Index: The Bank of Korea: Consumer Sentiment Index.

According to a survey conducted in South Korea in 2024, security deposits accounted for around **** percent of the household debt of millionaires in South Korea, followed by financial liabilities at around **** percent.

In 2024, financial liabilities comprised the largest part of household debt in South Korea, at around **** million South Korean won. The remainder consisted of security deposits of almost ** million South Korean won. Household debt in South Korea has increased steadily in recent years.