In 2022, the national debt of South Korea amounted to about 49.4 percent of the gross domestic product (GDP), up from about 46.7 percent in the previous year. South Korea's debt to GDP ratio continued to slowly but steadily increase over the years. With emergency relief funds and increased government spending during the COVID-19 outbreak in 2020, it was expected that the debt ratio would grow even more in the future.
South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027
Characteristic
National debt to GDP ratio
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Statistics Korea. (September 8, 2023). South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027 [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/631543/south-korea-national-debtgdp/
Statistics Korea. "South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027." Chart. September 8, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/631543/south-korea-national-debtgdp/
Statistics Korea. (2023). South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/631543/south-korea-national-debtgdp/
Statistics Korea. "South Korea's National Debt in Relation to Gross Domestic Product (Gdp) from 2000 to 2022 with Forecasts up to 2027." Statista, Statista Inc., 8 Sep 2023, https://www.statista.com/statistics/631543/south-korea-national-debtgdp/
Statistics Korea, South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027 Statista, https://www.statista.com/statistics/631543/south-korea-national-debtgdp/ (last visited July 03, 2024)
South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2022 with forecasts up to 2027 [Graph], Statistics Korea, September 8, 2023. [Online]. Available: https://www.statista.com/statistics/631543/south-korea-national-debtgdp/