South Korea government debt to gdp

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South Korea government debt to gdp: 51.5 (3.41%)
Last Update: December 31, 2023

South Korea government debt to gdp closed down 51.5 as of December 31, 2023 from 49.8 from the previous month and 31.5 from last year.


South Korea government debt to gdp Analytics & Data




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South Korea government debt to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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South Korea government debt to gdp

Date Values
2023-12-31 51.5
2022-12-31 49.8
2021-12-31 46.9
2020-12-31 42.6
2019-12-31 37.7
2018-12-31 36.6
2017-12-31 36.3
2016-12-31 39.9
2015-12-31 39.5
2014-12-31 37.3
2013-12-31 35.4
2012-12-31 32.2
2011-12-31 31.5
2010-12-31 30.82
2009-12-31 31.38
2008-12-31 28.16
2007-12-31 28.65
2006-12-31 29.27
2005-12-31 26.96
2004-12-31 23.25
2003-12-31 20.45
2002-12-31 17.55
2001-12-31 17.7
2000-12-31 17.11

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South Korea government debt to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
government debt to gdp kr.govdebtgdp 51.5 49.8 3 63 UP UP 0 2023-12-31

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South Korea government debt to gdp Historical Data

The MacroVar database offers free access to historical data for the South Korea government debt to gdp, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of South Korea government debt to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the South Korea government debt to gdp

South Korea's government debt to GDP ratio refers to the amount of debt the South Korean government owes in relation to the country's gross domestic product. This ratio is used as a measure of the government's ability to repay its debt and manage its finances effectively. A high government debt to GDP ratio can indicate that the government may struggle to meet its debt obligations, potentially leading to financial instability. On the other hand, a lower ratio suggests that the government is managing its debt responsibly and is in a stronger financial position. It is important for the South Korean government to closely monitor and manage its debt to GDP ratio to ensure long-term financial stability and economic growth.

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