National debt of South Korea in relation to gross domestic product (GDP) 2029

The ratio of national debt to gross domestic product (GDP) in South Korea was forecast to continuously increase between 2024 and 2029 by in total 5.3 percentage points. After the tenth consecutive increasing year, the ratio is estimated to reach 58.16 percent and therefore a new peak in 2029. Notably, the ratio of national debt to gross domestic product (GDP) was continuously increasing over the past years.
This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.

Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like China, Japan, and Taiwan.