In 2022, the debts of local governments in South Korea amounted to roughly 38.3 trillion South Korean won. While local debt had been on a downward trend since 2013, it has been on the rise again since 2019.
Debts of local governments in South Korea from 2012 to 2022
(in trillion South Korean won)
Characteristic
Local debts in trillion South Korean won
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Local governments in South Korea include high-level local governments (one special metropolitan city, six metropolitan cities, eight provinces, one special self-governing province, and one special self-governing city) and 228 low-level local governments consisting of cities, counties and districts.
Figures have been rounded.
1,000 South Korean won equals 0.74 U.S. dollars or 0.70 euro as of November 2023.
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Statistics Korea. (November 7, 2023). Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won)." Chart. November 7, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. (2023). Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea. "Debts of Local Governments in South Korea from 2012 to 2022 (in Trillion South Korean Won)." Statista, Statista Inc., 7 Nov 2023, https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
Statistics Korea, Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/ (last visited August 24, 2024)
Debts of local governments in South Korea from 2012 to 2022 (in trillion South Korean won) [Graph], Statistics Korea, November 7, 2023. [Online]. Available: https://www.statista.com/statistics/1227929/south-korea-local-governments-debts/
