Gross public sector debt, Central Government, as a proportion of GDP in Republic of Korea
Republic of 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 Republic of Korea, 2011–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Republic of Korea recorded 45.4% for gross public sector debt, central government, as a proportion of gdp in 2023. 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 Republic of Korea peaked at 45.4% in 2023 and was at its lowest, 26.2%, in 2011.
That places Republic of Korea 34th out of 53 countries with data for 2023, putting it 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 Republic of 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 Republic of Korea
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is gross public sector debt, central government, as a proportion of gdp in Republic of Korea?
- Gross public sector debt, central government, as a proportion of gdp in Republic of 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 Republic of 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 Republic of Korea?
- The lowest recorded value was 26.2% in 2011.
- How does Republic of Korea rank for gross public sector debt, central government, as a proportion of gdp?
- Republic of 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 Republic of Korea?
- Over the last ten years it is up 48.7%. The long-run trend across the full record is rising.
- Where does this Republic of 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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