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Republic of Korea - General government gross debt as a share of GDP

39.5 (%) in 2017

In 2017, government gross debt as a share of GDP for Republic of Korea was 39.5 %. Government gross debt as a share of GDP of Republic of Korea increased from 14.7 % in 1998 to 39.5 % in 2017 growing at an average annual rate of 5.54 %.

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What is government gross debt as a share of GDP?

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

What is Republic of Korea government gross debt as a share of GDP?

Date Value Change, %
2017 39.5 -0.90 %
2016 39.9 0.92 %
2015 39.5 5.93 %
2014 37.3 5.44 %
2013 35.4 9.90 %
2012 32.2 2.19 %
2011 31.5 2.23 %
2010 30.8 -1.77 %
2009 31.4 11.43 %
2008 28.2 -1.71 %
2007 28.7 -2.12 %
2006 29.3