Government debt by instrument coverage — Maastricht debt in Korea
Korea: Government debt by instrument coverage — Maastricht debt was 45.67 Percentage of GDP in 2024. ▲ Rising
Government debt by instrument coverage — Maastricht debt in Korea, 2011–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for government debt by instrument coverage — maastricht debt in Korea is 45.67 Percentage of GDP, measured in 2024.
Compared with earlier readings it is down 2.2% on the previous year and up 34.9% over ten years.
Over the whole period, government debt by instrument coverage — maastricht debt in Korea peaked at 46.68 Percentage of GDP in 2023 and was at its lowest, 27.64 Percentage of GDP, in 2011.
The long-run direction has been consistently rising across the 14 years of available data.
Government debt by instrument coverage — Maastricht debt in Korea, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2011 | 27.64 Percentage of GDP | — |
| 2012 | 29.49 Percentage of GDP | +6.7% |
| 2013 | 32.2 Percentage of GDP | +9.2% |
| 2014 | 33.84 Percentage of GDP | +5.1% |
| 2015 | 35.51 Percentage of GDP | +4.9% |
| 2016 | 35.73 Percentage of GDP | +0.6% |
| 2017 | 34.84 Percentage of GDP | -2.5% |
| 2018 | 34.54 Percentage of GDP | -0.8% |
| 2019 | 36.32 Percentage of GDP | +5.2% |
| 2020 | 41.83 Percentage of GDP | +15.2% |
| 2021 | 43.89 Percentage of GDP | +4.9% |
| 2022 | 45.78 Percentage of GDP | +4.3% |
| 2023 | 46.68 Percentage of GDP | +2.0% |
| 2024 | 45.67 Percentage of GDP | -2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 33.35 Percentage of GDP | 27.64 Percentage of GDP | 36.32 Percentage of GDP | 9 |
| 2020s | 44.77 Percentage of GDP | 41.83 Percentage of GDP | 46.68 Percentage of GDP | 5 |
Countries ranked near Korea
- 1 Slovenia 64.82 Percentage of GDP compare
- 1 Japan 195.55 Percentage of GDP compare
- 2 Greece 143.52 Percentage of GDP compare
- 2 Poland 61.56 Percentage of GDP compare
- 3 Italy 138.93 Percentage of GDP compare
- 3 Latvia 47.18 Percentage of GDP compare
- 4 France 117.68 Percentage of GDP compare
- 4 Netherlands 43.75 Percentage of GDP compare
- 5 Lithuania 42.32 Percentage of GDP compare
- 5 United States of America 117.18 Percentage of GDP compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.03 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
Frequently asked questions
- What is government debt by instrument coverage — maastricht debt in Korea?
- Government debt by instrument coverage — maastricht debt in Korea was 45.67 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest government debt by instrument coverage — maastricht debt recorded in Korea?
- The highest recorded value was 46.68 Percentage of GDP in 2023.
- What is the lowest government debt by instrument coverage — maastricht debt recorded in Korea?
- The lowest recorded value was 27.64 Percentage of GDP in 2011.
- How does Korea rank for government debt by instrument coverage — maastricht debt?
- Korea ranks 2nd out of 2 groups with data for 2024.
- Is government debt by instrument coverage — maastricht debt rising or falling in Korea?
- Over the last ten years it is up 34.9%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Government debt by instrument coverage — Maastricht debt (currency and deposits, debt securities and loans). Statizoid updates them automatically from the source API.
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About this data
The magnitude of government debt and debt-to-GDP ratios varies depending on which measure of debt is used. To promote international comparability, the IMF, the OECD and the World Bank have agreed on a set of standard debt measures, which are defined in the Public Sector Debt Statistics Guide for Compilers and Users and the Government Finance Statistics Manual 2014. Government gross debt is shown in four categories: D1 to D4. D1 is the narrowest measure, comprising only two financial instruments: debt securities and loans. D4 (‘total gross debt’) is the broadest measure and includes debt securities, loans, Special Drawing Rights, currency and deposits, other accounts payable and insurance, pensions and standardised guarantees. The D1 to D3 measures are comparable between OECD countries. D4 is the preferred measure of debt in the international accounting standards (System of National Accounts or SNA) but cross-country comparability is more difficult for D4 because countries have different approaches to recording unfunded pension liabilities for government employees. For more information, please see the document: Measuring Government Debt: D1-D4