External Debt in Korea
External debt was 39.8% of Korea's GDP in 2022, compared to 30.8% of GDP ten years earlier. External debt averaged 29.9% of GDP over the last decade, which was above the Asia-Pacific average of 26.7%. For more external debt information, visit our dedicated page.
Korea External Debt Chart
Note: This chart displays External Debt (% of GDP) for Korea from 2014 to 2023.
Source: Bank of Korea.
Korea External Debt Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 25.6 | 28.5 | 33.5 | 34.7 | 39.8 |
| External Debt (USD bn) | 441 | 471 | 551 | 631 | 665 |