South Korea South Korea National Debt

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NATIONAL PUBLIC DEBT South Korea 2022

Public debt went up in South Korea

In 2022 South Korea public debt was 854,582 million euros900,625 million dollars, has increased 69,14728,959 million since 2021.

This amount means that the debt in 2022 reached 53.8% of South Korea GDP, a 2.47 percentage point rise from 2021, when it was 51.33% of GDP.

If we check the tables we can see the evolution of South Korea debt. It has risen since 2012 in global debt terms, when it was 348,330 million euros 447,814 million dollars and also in terms of GDP percentage, when it amounted to 35.04%.

According to the last data point published, South Korea per capita debt in 2022 was 16,518 euros17,408 dollars per inhabitant. In 2021 it was 15,182 euros 17,968 dollars, afterwards rising by 1,336 euros560 dollars, and if we again check 2012 we can see that then the debt per person was 6,939 euros8,921 dollars .

The position of South Korea, as compared with the rest of the world, has worsened in 2022 in terms of GDP percentage. Currently it is country number 94 in the list of debt to GDP and 158 in debt per capita, out of the 191 we publish.

In this page we show you the progression of the public debt in South Korea. You can see debt in other countries in Public debt and see all the information about South Korea in economy of South Korea.

South Korea: Evolution of debt
DateDebt (M.€.)Debt ($M)Debt (%GDP)Debt Per CapitaDebt Per Capita
2022854,582900,62553.80%€16,518$17,408
2021785,435929,58451.33%€15,182$17,968
2020701,780800,92948.70%€13,538$15,451
2019621,354695,66642.13%€12,003$13,439
2018584,460690,53440.02%€11,330$13,386
2017575,626650,04440.05%€11,207$12,656
2016558,463617,99541.22%€10,904$12,066
2015538,833597,90340.78%€10,562$11,720
2014443,584589,45339.71%€8,741$11,616
2013388,919516,53837.69%€7,712$10,243
2012348,330447,81435.04%€6,939$8,921
2011297,760414,39633.06%€5,963$8,298
2010254,174337,23829.49%€5,129$6,805
2009203,097282,96929.98%€4,119$5,739
2008192,260282,73726.95%€3,919$5,764
2007234,647321,61627.43%€4,820$6,606
2006235,733296,00228.12%€4,867$6,111
2005194,478242,08325.90%€4,036$5,024
2004142,921177,69922.42%€2,972$3,696
2003123,052139,15619.80%€2,569$2,906
2002113,077106,84717.04%€2,373$2,243
2001105,37094,37317.23%€2,224$1,992
2000104,07696,16916.68%€2,214$2,046
199976,13881,22716.34%€1,633$1,742
199854,82714.32%$1,185
199757,20110.03%$1,245
199649,3008.08%$1,083
199549,7458.78%$1,103
199446,1319.95%$1,033
199344,07611.22%$997
199242,72812.02%$977
199140,65012.29%$939
199037,34713.18%$871
South Korea: Evolution of debt as a percentage of GDP

South Korea: Evolution of debt in millions