External Debt in Korea

Korea External Debt | Economic News & Forecasts

Korea - External Debt

Comprehensive GDP data for Q2 confirmed the economy registered a slight acceleration, over Q1’s near one-decade low expansion, driven by stronger public spending. Turning to Q3, growth is expected to be relatively stable. Industrial production rebounded in July after dipping in Q2, while services sector activity grew at a steady pace. Moreover, the Central Bank’s rate cut in July coupled with August’s drop in the unemployment rate should support household spending in Q3. On a gloomier note, the PMI remained depressed in August. In other news, the Ministry of Economy and Finance unveiled the 2020 budget in August, which aims to increase government expenditures by 9.3%, in an attempt to bolster economic activity. Nevertheless, escalating trade tensions with Japan will likely continue to dampen business investment and the external sector.

Korea - External Debt Data

2013  2014  2015  2016  2017  
External Debt (% of GDP)30.9  28.6  27.0  25.5  25.4  

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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

Bond Yield1.341.55 %Sep 04
Exchange Rate1,2080.21 %Sep 04
Stock Market1,989-0.40 %Sep 04

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