South Korea's national debt in relation to GDP 2000-2025
In 2021, the national debt of South Korea amounted to about 47.3 percent of the gross domestic product (GDP), up from about 43.8 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.
