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South Korea External and Government Debt

South Korea National Debt Data

Indicator Data Period
Government Debt to GDP 49.6 % 2022
External Debt 664986 USD Million | 664.986 B USD 1Q/23


Latest data on Government Debt to GDP (%)

Government Debt to GDP
                     South Korea - Historical Data (%)

What is South Korea Government Debt to GDP Ratio?

  • Government Debt to GDP in South Korea increased to 49.6 % in 2022. The maximum level was 42.6 % and minimum was 8.24 %
  • Data published Yearly by Ministry of Strategy and Finance.

Historical Data (%) by years

Data
Period
Date
49.6 2022 04.04.2023
46.9 2021 21.10.2022
42.6 2020 27.04.2021
37.7 2019 14.10.2020
36.6 2018 06.05.2019
38.6 2017 23.04.2019
38.6 2016 11.08.2017
37.8 2015 31.12.2015


Historical Chart by presidents (%)

Government Debt to GDP in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 38.6000 38.0000 38.6000 38.0000 -1.55%
Park Geun-hye 25.02.2013 - 10.05.2017 33.7600 38.6000 38.6000 33.7600 14.34%
Lee Myung-bak 25.02.2008 - 25.02.2013 28.1600 32.1300 32.1300 28.1600 14.10%
Roh Moo-hyun 25.02.2003 - 25.02.2008 20.4500 28.6500 29.2700 20.4500 40.10%
Kim Dae-jung 25.02.1998 - 25.02.2003 14.6700 17.5500 17.7000 14.6700 19.63%
Kim Youngs-am 25.02.1993 - 25.02.1998 11.4100 10.2400 11.4100 8.2400 -10.25%
Roh Tae-woo 25.02.1988 - 25.02.1993 13.3700 12.2100 13.3700 12.2100 -8.68%


Latest data on External Debt (USD Million)

External Debt
                     South Korea - Historical Data (USD Million)

What is external debt of South Korea?

  • External Debt in South Korea increased to 664986 USD Million (664.986 B USD) in the first quarter of 2023. The maximum debt was 565897 USD Million and minimum was 80766 USD Million
  • Data published Quarterly by Central Bank.

Historical Data (USD Million) by years

Data
Period
Date
664986 1Q/23 27.05.2023
664503 4Q/22 25.02.2023
638981 3Q/22 26.11.2022
662038 2Q/22 25.08.2022
654098 1Q/22 28.05.2022
628468 4Q/21 26.02.2022
610753 3Q/21 18.01.2022
604167 2Q/21 21.08.2021


Historical Chart by presidents (USD Million)

External Debt in South Korea by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Mun Jaei-n 10.05.2017 - 407340.6900 433886.6900 433886.6900 405686.5000 6.52%
Park Geun-hye 25.02.2013 - 10.05.2017 409259.5000 405686.5000 452718.0000 380948.9100 -0.87%
Lee Myung-bak 25.02.2008 - 25.02.2013 361560.5900 408928.0000 416741.6900 305559.9100 13.10%
Roh Moo-hyun 25.02.2003 - 25.02.2008 135066.8000 338706.8100 338706.8100 135066.8000 150.77%
Kim Dae-jung 25.02.1998 - 25.02.2003 158401.7000 128670.0000 159940.7000 116037.8000 -18.77%
Kim Youngs-am 25.02.1993 - 25.02.1998 80766.4000 161619.8000 164209.9100 80766.4000 100.11%

Other budget indicators in South Korea

Index Updated Actual Previous
Fiscal Expenditure  Mar/23 139.442 B USD 85.667
Government Budget to GDP 2022 -7 % -5.2
Military Expenditure 2022 46.365 B USD 50.874

Government Debt to GDP in other countries

Country Updated Actual Previous
Bangladesh 2021 33.9 % 32.1
Jordan 2021 89.4 % 85.4
Kyrgyzstan 2021 60.3 % 68.1
Mongolia 2021 56 % 66
Nepal 2022 41.4 % 40.6
Palestine 2021 21.3 % 23.5
Tajikistan 2022 34.6 % 42.5
Cambodia 2022 36.8 % 36.3
China 2022 76.9 % 71.5
Georgia 2022 41.3 % 57.1
India 2021 89.26 % 89.41
Israel 2022 60.9 % 68
Pakistan 2021 84 % 88
South Korea 2022 49.6 % 46.9
Taiwan 2019 28.2 % 29.3
Vietnam 2021 39.6 % 41.8
Maldives 2022 57.9 % 57.5
Armenia 2021 60.25 % 63.48
Hong Kong 2016 38.4 % 37
Indonesia 2022 40.9 % 41.2
Japan 2022 264 % 262
Kazakhstan 2022 24.4 % 27.4
Lebanon 2020 172 % 174
Malaysia 2022 60.4 % 63.4
Philippines 2022 60.9 % 60.4
Qatar 2022 46.9 % 58.4
Singapore 2021 160 % 131
Sri Lanka 2022 114 % 100
Thailand 2022 60.96 % 59.61
Oman 2021 61.3 % 67.9
Iran 2022 34 % 42.4
Laos 2021 53.81 % 55.94
Azerbaijan 2022 11.7 % 18.2
Kuwait 2022 7.1 % 8.7
Saudi Arabia 2021 30 % 32.5
Bahrain 2022 120 % 128
United Arab Emirates 2021 38.3 % 36.9
Yemen 2022 68.66 % 63.1
Turkmenistan 2022 8 % 11
Uzbekistan 2021 38 % 40.4
Iraq 2022 36.7 % 59.1
Syria 2010 30.01 % 31.21
Afghanistan 2020 7.4 % 6.1
Bhutan 2022 125 % 132
Brunei 2022 1.9 % 2.5
Mauritius 2021 86 % 92