Korea - Central government debt
Central government debt, total (current LCU)
The value for Central government debt, total (current LCU) in Korea was 662,637,000,000,000 as of 2016. As the graph below shows, over the past 26 years this indicator reached a maximum value of 662,637,000,000,000 in 2016 and a minimum value of 14,927,000,000,000 in 1990.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1990 | 14,927,000,000,000 |
| 1991 | 24,837,000,000,000 |
| 1992 | 27,737,000,000,000 |
| 1993 | 28,998,000,000,000 |
| 1994 | 30,466,000,000,000 |
| 1995 | 31,537,000,000,000 |
| 1996 | 33,687,000,000,000 |
| 1997 | 47,045,000,000,000 |
| 2012 | 466,726,000,000,000 |
| 2013 | 524,234,000,000,000 |
| 2014 | 570,473,000,000,000 |
| 2015 | 621,641,000,000,000 |
| 2016 | 662,637,000,000,000 |
Central government debt, total (% of GDP)
Central government debt, total (% of GDP) in Korea was 38.07 as of 2016. Its highest value over the past 26 years was 38.07 in 2016, while its lowest value was 6.86 in 1996.
Definition: Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1990 | 7.44 |
| 1991 | 10.24 |
| 1992 | 9.99 |
| 1993 | 9.20 |
| 1994 | 8.18 |
| 1995 | 7.22 |
| 1996 | 6.86 |
| 1997 | 8.68 |
| 2012 | 32.41 |
| 2013 | 34.93 |
| 2014 | 36.50 |
| 2015 | 37.49 |
| 2016 | 38.07 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
