
Gross debt in South Korea
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.The gross debt in South Korea in the period from 1998 to 2021 was between 51.0 billion and 820.9 billion USD. The highest level of the last years at 821 billion US Dollar was reached in 2021.
Based on the number of inhabitants, this is a debt of 15,865 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.
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Gross debt of the last 23 years in billion USD
Year | South Korea total | South Korea per capita | EU per capita |
---|---|---|---|
1998 | 50.97 bn USD | 1,101 USD | 14,079 USD |
1999 | 75.47 bn USD | 1,619 USD | 14,032 USD |
2000 | 89.25 bn USD | 1,899 USD | 11,241 USD |
2001 | 87.61 bn USD | 1,849 USD | 11,263 USD |
2002 | 101.19 bn USD | 2,124 USD | 12,266 USD |
2003 | 133.27 bn USD | 2,783 USD | 15,295 USD |
2004 | 171.22 bn USD | 3,561 USD | 17,606 USD |
2005 | 233.18 bn USD | 4,839 USD | 18,337 USD |
2006 | 286.14 bn USD | 5,907 USD | 18,887 USD |
2007 | 311.11 bn USD | 6,390 USD | 20,910 USD |
2008 | 270.32 bn USD | 5,510 USD | 24,100 USD |
2009 | 271.04 bn USD | 5,497 USD | 25,376 USD |
2010 | 323.34 bn USD | 6,525 USD | 26,515 USD |
2011 | 363.44 bn USD | 7,278 USD | 29,254 USD |
2012 | 377.37 bn USD | 7,517 USD | 28,198 USD |
2013 | 423.80 bn USD | 8,404 USD | 30,008 USD |
2014 | 477.70 bn USD | 9,413 USD | 30,677 USD |
2015 | 491.97 bn USD | 9,644 USD | 25,944 USD |
2016 | 510.07 bn USD | 9,959 USD | 26,287 USD |
2017 | 555.01 bn USD | 10,806 USD | 27,108 USD |
2018 | 592.28 bn USD | 11,482 USD | 28,543 USD |
2019 | 599.82 bn USD | 11,587 USD | 27,264 USD |
2020 | 694.08 bn USD | 13,390 USD | 30,919 USD |
2021 | 820.92 bn USD | 15,865 USD | 33,827 USD |