Gross public sector debt, Central Government, as a proportion of GDP in Korea
Korea: Gross public sector debt, Central Government, as a proportion of GDP was 45.4% in 2023. ▲ Rising
Gross public sector debt, Central Government, as a proportion of GDP in Korea, 2011–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, gross public sector debt, central government, as a proportion of gdp in Korea stood at 45.4%. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 48.7% over ten years.
Over the whole period, gross public sector debt, central government, as a proportion of gdp in Korea peaked at 45.4% in 2023 and was at its lowest, 26.2%, in 2011.
Korea ranks 34th of 53 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 13 years of available data.
Gross public sector debt, Central Government, as a proportion of GDP in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 26.2% | — |
| 2012 | 28.1% | +7.2% |
| 2013 | 30.6% | +8.9% |
| 2014 | 32.0% | +4.6% |
| 2015 | 33.0% | +3.2% |
| 2016 | 33.4% | +1.1% |
| 2017 | 32.8% | -1.6% |
| 2018 | 32.8% | +0.1% |
| 2019 | 34.9% | +6.4% |
| 2020 | 40.6% | +16.4% |
| 2021 | 42.7% | +5.1% |
| 2022 | 44.5% | +4.4% |
| 2023 | 45.4% | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 31.5% | 26.2% | 34.9% | 9 |
| 2020s | 43.3% | 40.6% | 45.4% | 4 |
Countries ranked near Korea
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross public sector debt, central government, as a proportion of gdp in Korea?
- Gross public sector debt, central government, as a proportion of gdp in Korea was 45.4% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest gross public sector debt, central government, as a proportion of gdp recorded in Korea?
- The highest recorded value was 45.4% in 2023.
- What is the lowest gross public sector debt, central government, as a proportion of gdp recorded in Korea?
- The lowest recorded value was 26.2% in 2011.
- How does Korea rank for gross public sector debt, central government, as a proportion of gdp?
- Korea ranks 34th out of 53 countries with data for 2023.
- Is gross public sector debt, central government, as a proportion of gdp rising or falling in Korea?
- Over the last ten years it is up 48.7%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Gross public sector debt, Central Government, as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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