External Debt in Korea

Korea External Debt | Economic News & Forecasts

Korea - External Debt

Economic activity remains under siege in the second quarter, with recent data pointing to downbeat domestic and external demand. In April, consumer confidence fell to a one-decade low, while employment levels continued to reel in the same month, boding ill for household spending. Moreover, business confidence in May and the manufacturing PMI for April dipped to the lowest levels since early 2009. On the external front, the trade balance posted the first deficit in over eight years in April as a sharp fall in automobile shipments suppressed exports; in further bad news for the manufacturing industry, exports contracted over 20% in the first 20 days of May. Nevertheless, ample fiscal and monetary stimulus, as well as a solid effort to contain the virus domestically, should help spark a healthy recovery in H2 this year.

Korea - External Debt Data

2014   2015   2016   2017   2018  
External Debt (% of GDP)28.6  27.0  25.5  25.4  25.6  

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Korea External Debt Chart

Korea External Debt
Note: External debt as % of GDP.
Source: Bank of Korea and FocusEconomics calculations.

Korea Facts

Value Change Date
Bond Yield1.681.55 %Dec 31
Exchange Rate1,1560.21 %Dec 31

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