Facts
- Government gross debt, % of GDP
- 52.4 % (2025)
- Fiscal balance, % of GDP
- -2.3 % (2025)
- GDP, current prices
- $1,881.7 bn (2025)
- Current account, % of GDP
- 6.5 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- +13.6 pp
- Central government debt, % of GDP (World Bank)
- 47.8 % (2024)
- ISO code
- KOR
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $1,881.7 bn |
| 2024 | $1,880.8 bn |
| 2023 | $1,844.0 bn |
| 2022 | $1,802.8 bn |
| 2021 | $1,943.9 bn |
| 2020 | $1,744.5 bn |
| 2019 | $1,751.0 bn |
| 2018 | $1,824.3 bn |
| 2017 | $1,710.2 bn |
| 2016 | $1,578.8 bn |
| 2015 | $1,539.2 bn |
| 2014 | $1,556.3 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | 6.5 % |
| 2024 | 5.3 % |
| 2023 | 1.8 % |
| 2022 | 1.3 % |
| 2021 | 4.3 % |
| 2020 | 4.4 % |
| 2019 | 3.4 % |
| 2018 | 4.2 % |
| 2017 | 4.4 % |
| 2016 | 6.2 % |
| 2015 | 6.8 % |
| 2014 | 5.3 % |
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 52.4 % |
| 2024 | 49.6 % |
| 2023 | 50.6 % |
| 2022 | 49.7 % |
| 2021 | 47.9 % |
| 2020 | 45.9 % |
| 2019 | 39.7 % |
| 2018 | 37.9 % |
| 2017 | 38.0 % |
| 2016 | 39.1 % |
| 2015 | 38.8 % |
| 2014 | 37.9 % |
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | -2.3 % |
| 2024 | -2.6 % |
| 2023 | -1.2 % |
| 2022 | 0.0 % |
| 2021 | -0.3 % |
| 2020 | -2.5 % |
| 2019 | 0.8 % |
| 2018 | 2.9 % |
| 2017 | 2.5 % |
| 2016 | 2.3 % |
| 2015 | 1.1 % |
| 2014 | 1.3 % |
Central government debt, % of GDP (World Bank)
| Period | Value |
|---|---|
| 2024 | 47.8 |
| 2023 | 48.6 |
| 2022 | 47.6 |
| 2021 | 45.8 |
| 2020 | 43.8 |
| 2019 | 37.7 |
| 2018 | 35.5 |
| 2017 | 35.4 |
| 2016 | 36.1 |
| 2015 | 35.7 |
| 2014 | 34.8 |
| 2013 | 33.4 |