South Korea South Korea National Debt

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NATIONAL PUBLIC DEBT South Korea 2020

South Korea national debt goes up

In 2020 South Korea public debt was 701,780 million euros800,929 million dollars, has increased 80,426105,263 million since 2019.

This amount means that the debt in 2020 reached 48.7% of South Korea GDP, a 6.57 percentage point rise from 2019, when it was 42.13% of GDP.

If we check the tables we can see the evolution of South Korea debt. It has risen since 2010 in global debt terms, when it was 254,174 million euros 337,238 million dollars and also in terms of GDP percentage, when it amounted to 29.49%.

According to the last data point published, South Korea per capita debt in 2020 was 13,538 euros15,451 dollars per inhabitant. In 2019 it was 12,003 euros 13,439 dollars, afterwards rising by 1,535 euros2,012 dollars, and if we again check 2010 we can see that then the debt per person was 5,129 euros6,805 dollars .

The position of South Korea, as compared with the rest of the world, has improved in 2020 in terms of GDP percentage. Currently it is country number 73 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
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