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. On the other hand 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 2012 to 2016 was between 414.3 billion and 571.0 billion USD. The highest level of the last years at 571.03 billion US Dollar was reached in 2016.

Based on the number of inhabitants, this is in South Korea a debt of 11,149 USD per person. For comparison: The average debt per person in the same year in the European Union was 31,202 USD.


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