South Korea South Korea National Debt

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NATIONAL PUBLIC DEBT South Korea 2021

The national debt increased in South Korea

In 2021 South Korea public debt was 785,435 million euros929,584 million dollars, has increased 83,655128,655 million since 2020.

This amount means that the debt in 2021 reached 51.33% of South Korea GDP, a 2.63 percentage point rise from 2020, when it was 48.7% of GDP.

If we check the tables we can see the evolution of South Korea debt. It has risen since 2011 in global debt terms, when it was 297,760 million euros 414,396 million dollars and also in terms of GDP percentage, when it amounted to 33.06%.

According to the last data point published, South Korea per capita debt in 2021 was 15,182 euros17,968 dollars per inhabitant. In 2020 it was 13,538 euros 15,451 dollars, afterwards rising by 1,644 euros2,517 dollars, and if we again check 2011 we can see that then the debt per person was 5,963 euros8,298 dollars .

The position of South Korea, as compared with the rest of the world, has worsened in 2021 in terms of GDP percentage. Currently it is country number 75 in the list of debt to GDP and 157 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
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