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 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.

Back to overview: South Korea

Gross debt of the last 23 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 USD11,241 USD
200187.61 bn USD1,849 USD11,263 USD
2002101.19 bn USD2,124 USD12,266 USD
2003133.27 bn USD2,783 USD15,295 USD
2004171.22 bn USD3,561 USD17,606 USD
2005233.18 bn USD4,839 USD18,337 USD
2006286.14 bn USD5,907 USD18,887 USD
2007311.11 bn USD6,390 USD20,910 USD
2008270.32 bn USD5,510 USD24,100 USD
2009271.04 bn USD5,497 USD25,376 USD
2010323.34 bn USD6,525 USD26,515 USD
2011363.44 bn USD7,278 USD29,254 USD
2012377.37 bn USD7,517 USD28,198 USD
2013423.80 bn USD8,404 USD30,008 USD
2014477.70 bn USD9,413 USD30,677 USD
2015491.97 bn USD9,644 USD25,944 USD
2016510.07 bn USD9,959 USD26,287 USD
2017555.01 bn USD10,806 USD27,108 USD
2018592.28 bn USD11,482 USD28,543 USD
2019599.82 bn USD11,587 USD27,264 USD
2020694.08 bn USD13,390 USD30,919 USD
2021820.92 bn USD15,865 USD33,827 USD

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

      South Korea       European Union

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