Korea skyline

Korea External Debt

Korea External Debt

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 2013 to 2022.
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

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