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.
South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2021 with projections to 2025
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Statistics Korea. (January 19, 2022). South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2021 with projections to 2025 [Graph]. In Statista. Retrieved January 28, 2023, 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 2021 with projections to 2025." Chart. January 19, 2022. Statista. Accessed January 28, 2023. https://www.statista.com/statistics/631543/south-korea-national-debtgdp/
Statistics Korea. (2022). South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2021 with projections to 2025. Statista. Statista Inc.. Accessed: January 28, 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 2021 with Projections to 2025." Statista, Statista Inc., 19 Jan 2022, 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 2021 with projections to 2025 Statista, https://www.statista.com/statistics/631543/south-korea-national-debtgdp/ (last visited January 28, 2023)
South Korea's national debt in relation to gross domestic product (GDP) from 2000 to 2021 with projections to 2025 [Graph], Statistics Korea, January 19, 2022. [Online]. Available: https://www.statista.com/statistics/631543/south-korea-national-debtgdp/