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household debts in South Korea

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 2020 was between 51.0 billion and 696.8 billion USD. The highest level of the last years at 697 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 13,442 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


Back to overview: South Korea

Gross debt of the last 22 years in billion USD




YearSouth Korea totalSouth Korea per capitaEU per capita
199850.97 bn USD1,101 USD14,079 USD
199975.47 bn USD1,619 USD14,032 USD
200089.25 bn USD1,899 USD11,232 USD
200187.61 bn USD1,849 USD11,255 USD
2002101.19 bn USD2,124 USD12,258 USD
2003133.27 bn USD2,783 USD15,286 USD
2004171.22 bn USD3,561 USD17,595 USD
2005233.18 bn USD4,839 USD18,327 USD
2006286.14 bn USD5,907 USD18,877 USD
2007311.11 bn USD6,390 USD20,898 USD
2008270.32 bn USD5,510 USD24,086 USD
2009271.04 bn USD5,497 USD25,361 USD
2010323.34 bn USD6,525 USD26,496 USD
2011363.44 bn USD7,278 USD29,231 USD
2012377.37 bn USD7,517 USD28,174 USD
2013423.80 bn USD8,404 USD29,981 USD
2014477.70 bn USD9,413 USD30,648 USD
2015491.97 bn USD9,644 USD25,918 USD
2016510.07 bn USD9,959 USD26,261 USD
2017555.01 bn USD10,806 USD27,024 USD
2018592.28 bn USD11,482 USD28,448 USD
2019599.82 bn USD11,587 USD27,168 USD
2020696.80 bn USD13,442 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      South Korea       European Union


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