
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.
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Gross debt of the last 22 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 | 11,232 USD |
2001 | 87.61 bn USD | 1,849 USD | 11,255 USD |
2002 | 101.19 bn USD | 2,124 USD | 12,258 USD |
2003 | 133.27 bn USD | 2,783 USD | 15,286 USD |
2004 | 171.22 bn USD | 3,561 USD | 17,595 USD |
2005 | 233.18 bn USD | 4,839 USD | 18,327 USD |
2006 | 286.14 bn USD | 5,907 USD | 18,877 USD |
2007 | 311.11 bn USD | 6,390 USD | 20,898 USD |
2008 | 270.32 bn USD | 5,510 USD | 24,086 USD |
2009 | 271.04 bn USD | 5,497 USD | 25,361 USD |
2010 | 323.34 bn USD | 6,525 USD | 26,496 USD |
2011 | 363.44 bn USD | 7,278 USD | 29,231 USD |
2012 | 377.37 bn USD | 7,517 USD | 28,174 USD |
2013 | 423.80 bn USD | 8,404 USD | 29,981 USD |
2014 | 477.70 bn USD | 9,413 USD | 30,648 USD |
2015 | 491.97 bn USD | 9,644 USD | 25,918 USD |
2016 | 510.07 bn USD | 9,959 USD | 26,261 USD |
2017 | 555.01 bn USD | 10,806 USD | 27,024 USD |
2018 | 592.28 bn USD | 11,482 USD | 28,448 USD |
2019 | 599.82 bn USD | 11,587 USD | 27,168 USD |
2020 | 696.80 bn USD | 13,442 USD | 30,783 USD |