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South Korea's national debt in relation to GDP 2000-2024

Published by L. Yoon, Jun 11, 2021
In 2021, the national debt of South Korea amounted to about 47.3 percent of the gross domestic product (GDP), up from about 43.9 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 2020 COVID-19 outbreak in South Korea, 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 2021 with projections to 2024

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Sources

Release date

February 2021

Region

South Korea

Survey time period

2000 to 2021

Supplementary notes

*Estimated.

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