In 2021, general government net debt (% of GDP) for Republic of Korea was 20.9 %. Though Republic of Korea general government net debt (% of GDP) fluctuated substantially in recent years, it tended to decrease through 2007 - 2021 period ending at 20.9 % in 2021.
The description is composed by our digital data assistant.Net debt is calculated as gross debt minus financial assets corresponding to debt instruments. These financial assets are: monetary gold and SDRs, currency and deposits, debt securities, loans, insurance, pension, and standardized guarantee schemes, and other accounts receivable.
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