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 %.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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).