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 1998 to 2020 was between 51.0 billion and 694.1 billion USD. The highest level of the last years at 694 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is in South Korea a debt of 13,404 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,776 USD.


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