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Korea - Government Debt to GDP 2020

Name: Korea Government Debt to GDP 2020
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government gross debt as % of GDP · IMF WEO

45.92% +6.19% from 2019 Global rank: 56th

Korea's government debt to gdp was 45.92% in 2020, increased +6.19% from 39.73% in 2019. This was the 56th highest globally.

Global Ranking - 2020▾

Government Debt to GDP by Country - 2020
Rank	Country	Value	YoY
1st	Liechtenstein	0.53%	-8.5%
2nd	Hong Kong SAR, China	1.00%	273.4%
3rd	Brunei Darussalam	2.86%	11.0%
4th	Afghanistan	7.33%	19.5%
5th	Timor-Leste	10.09%	6.2%
6th	Kuwait	10.23%	-2.7%
7th	Tuvalu	12.10%	4.2%
8th	Solomon Islands	12.84%	64.2%
9th	Turkmenistan	15.36%	-13.3%
10th	Estonia	19.10%	111.1%
11th	Russian Federation	19.16%	39.3%
12th	Kiribati	20.98%	10.6%
13th	Azerbaijan	21.33%	20.8%
14th	Micronesia, Federated States of	21.48%	8.8%
15th	Marshall Islands	21.67%	-13.8%
16th	Haiti	22.32%	-15.9%
17th	Bulgaria	22.72%	23.6%
18th	Botswana	23.51%	9.3%
19th	Congo, Democratic Republic of	23.70%	22.2%
20th	Comoros	24.32%	14.5%
21st	Luxembourg	24.53%	9.8%
22nd	Cambodia	25.23%	21.1%
23rd	Nigeria	25.72%	20.0%
24th	Kazakhstan	26.36%	32.2%
25th	Saudi Arabia	29.66%	45.9%
26th	United Arab Emirates	30.12%	16.7%
27th	Guatemala	31.49%	19.2%
28th	Chile	32.38%	14.3%
29th	Uzbekistan	33.67%	32.7%
30th	Peru	34.29%	29.4%
31st	Bangladesh	34.51%	8.0%
32nd	Moldova	36.63%	27.2%
33rd	Czechia	36.88%	24.8%
34th	Paraguay	36.90%	43.2%
35th	Bosnia and Herzegovina	37.25%	13.6%
36th	Eswatini	37.83%	23.9%
37th	Türkiye	38.73%	21.9%
38th	Indonesia	39.75%	30.0%
39th	Sweden	40.20%	12.4%
40th	Tanzania	41.27%	2.1%
41st	Viet Nam	41.32%	0.8%
42nd	Chad	41.72%	8.6%
43rd	Djibouti	42.06%	2.3%
44th	Tonga	42.55%	-0.6%
45th	Central African Republic	42.77%	-4.7%
46th	Samoa	43.19%	-2.5%
47th	Switzerland	43.20%	9.0%
48th	New Zealand	43.24%	35.9%
49th	Nepal	43.31%	27.3%
50th	Burkina Faso	43.64%	4.6%
51st	Latvia	44.04%	16.2%
52nd	Cameroon	44.86%	7.8%
53rd	Niger	44.97%	13.0%
54th	Guinea	45.26%	21.2%
55th	Lithuania	45.89%	29.0%
56th	Korea	45.92%	15.6%
57th	Algeria	45.97%	12.4%
58th	Norway	46.03%	13.7%
59th	Benin	46.14%	14.3%
60th	Denmark	46.28%	20.7%
61st	Côte d'Ivoire	46.32%	24.4%
62nd	Uganda	46.35%	23.5%
63rd	Andorra	46.35%	31.1%
64th	Sierra Leone	46.37%	2.4%
65th	West Bank and Gaza	47.08%	36.6%
66th	Iran, Islamic Republic of	47.10%	5.6%
67th	Mali	47.33%	16.2%
68th	Belarus	47.49%	15.8%
69th	Vanuatu	48.03%	6.5%
70th	Malta	48.61%	23.9%
71st	Papua New Guinea	48.68%	27.4%
72nd	South Sudan	48.98%	13.6%
73rd	Myanmar	49.13%	30.6%
74th	Nicaragua	49.16%	11.2%
75th	Romania	49.26%	34.8%
76th	Equatorial Guinea	49.39%	14.3%
77th	Thailand	49.42%	20.4%
78th	Puerto Rico (US)	50.22%	2.8%
79th	North Macedonia	50.85%	25.7%
80th	Tajikistan	50.94%	17.9%
81st	Philippines	51.64%	39.7%
82nd	Palau	52.08%	70.8%
83rd	Honduras	52.45%	18.8%
84th	Madagascar	52.87%	28.2%
85th	Netherlands	53.42%	12.1%
86th	Malawi	53.86%	30.8%
87th	Serbia	54.33%	9.8%
88th	Lesotho	54.69%	-6.1%
89th	Nauru	56.27%	-5.5%
90th	Mauritania	56.49%	-2.1%
91st	Poland	56.59%	25.2%
92nd	Zimbabwe	56.81%	5.4%
93rd	Australia	57.08%	22.2%
94th	Ireland	57.08%	2.1%
95th	Slovak Republic	58.41%	21.7%
96th	Mexico	58.46%	12.7%
97th	Liberia	58.67%	20.8%
98th	Guyana	59.49%	10.1%
99th	Georgia	59.56%	48.7%
100th	Ukraine	60.51%	19.9%
101st	Trinidad and Tobago	60.60%	31.7%
102nd	Panama	61.52%	54.5%
103rd	Togo	62.21%	13.2%
104th	Ecuador	63.55%	22.1%
105th	Kyrgyz Republic	63.64%	30.3%
106th	Namibia	64.30%	11.7%
107th	Colombia	65.27%	28.1%
108th	Fiji	65.81%	33.0%
109th	Burundi	65.90%	9.7%
110th	Costa Rica	66.91%	18.6%
111th	Armenia	67.27%	24.2%
112th	Malaysia	67.69%	18.6%
113th	Oman	67.90%	29.4%
114th	Kenya	67.96%	15.0%
115th	St. Kitts and Nevis	67.98%	25.3%
116th	Germany	68.04%	15.9%
117th	Uruguay	68.22%	14.4%
118th	Rwanda	68.71%	28.1%
119th	South Africa	68.93%	22.9%
120th	China	69.04%	16.1%
121st	San Marino	69.79%	24.1%
122nd	Israel	71.07%	19.8%
123rd	Dominican Republic	71.81%	34.3%
124th	Bahamas, The	71.93%	19.3%
125th	Morocco	72.25%	19.9%
126th	Iraq	72.46%	73.7%
127th	Qatar	72.61%	17.0%
128th	Finland	75.31%	15.3%
129th	Albania	75.38%	13.2%
130th	Lao PDR	75.97%	9.9%
131st	Iceland	76.09%	15.8%
132nd	Seychelles	77.37%	58.4%
133rd	Guinea-Bissau	77.59%	19.1%
134th	Tunisia	77.71%	15.5%
135th	Bolivia, Plurinational State of	77.97%	33.0%
136th	Hungary	78.69%	21.1%
137th	Ghana	79.09%	25.7%
138th	St. Vincent and the Grenadines	80.16%	17.6%
139th	Slovenia	80.17%	21.4%
140th	Pakistan	80.81%	2.7%
141st	Gabon	83.04%	38.9%
142nd	Austria	83.18%	17.1%
143rd	Mongolia	83.39%	24.8%
144th	Gambia, The	85.89%	3.5%
145th	Egypt, Arab Republic of	86.22%	7.7%
146th	Croatia	86.47%	22.0%
147th	Yemen, Republic of	87.00%	-4.9%
148th	India	88.43%	17.8%
149th	Grenada	89.49%	42.7%
150th	Senegal	90.23%	10.7%
151st	São Tomé and Principe	90.96%	-7.8%
152nd	Mauritius	91.90%	13.4%
153rd	St. Lucia	94.41%	52.0%
154th	El Salvador	95.37%	22.4%
155th	Brazil	96.01%	10.2%
156th	Sri Lanka	96.88%	17.3%
157th	Antigua and Barbuda	100.47%	23.1%
158th	Jamaica	101.27%	15.4%
159th	Congo, Republic of	102.51%	32.1%
160th	Belize	103.04%	31.1%
161st	Argentina	103.82%	15.6%
162nd	Jordan	104.47%	12.4%
163rd	United Kingdom	105.84%	23.6%
164th	Montenegro	108.40%	36.1%
165th	Belgium	111.25%	14.0%
166th	Dominica	112.46%	15.1%
167th	Cyprus	113.60%	23.1%
168th	France	114.91%	17.1%
169th	Bhutan	116.01%	15.1%
170th	Aruba	117.03%	62.3%
171st	Canada	118.07%	30.9%
172nd	Angola	119.15%	17.5%
173rd	Spain	119.18%	22.1%
174th	Mozambique	119.97%	22.1%
175th	Bahrain	125.70%	29.4%
176th	United States	132.51%	21.8%
177th	Portugal	134.10%	15.5%
178th	Barbados	138.17%	28.4%
179th	Zambia	140.00%	35.5%
180th	Cabo Verde	144.28%	31.5%
181st	Suriname	146.44%	74.3%
182nd	Singapore	148.21%	15.9%
183rd	Lebanon	148.71%	-13.6%
184th	Italy	154.38%	15.3%
185th	Maldives	155.67%	101.6%
186th	Greece	209.93%	14.3%
187th	Japan	258.37%	9.3%
188th	Sudan	278.33%	28.6%

FAQ

What was Korea's government debt to gdp in 2020?▾

Korea's government debt to gdp in 2020 was 45.92%. This ranked 56th globally.

How did Korea's government debt to gdp change in 2020?▾

Korea's government debt to gdp increased by 15.6% in 2020 compared to 2019.

Which country had the highest government debt to gdp in 2020?▾

Sudan had the highest government debt to gdp in 2020 at 278.33%.

What is the government debt to gdp of Korea in 2020?▾

The government debt to gdp of Korea in 2020 was 45.92%. This ranked 56th globally.

How does 2020 compare to 2019 for Korea's government debt to gdp?▾

Korea's government debt to gdp went from 39.73% in 2019 to 45.92% in 2020, a 15.6% increase.

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