Equivalent to 203,486,642,250 Big Macs to feed the planet several times over.
DebtClock.io
National Debt of South Korea
₩ 1,329,467,071,382,982
Updated: - Data from IMF/World Bank/ECB
Debt as % of GDP
59.40%
Latest year: 2023
Debt (nominal)
₩ 1,329,467,071,382,982
KRW / USD toggle below
GDP (nominal)
₩ 2,238,084,696,446,217
Latest year: 2023
Population
51,780,579
Latest year: 2023
Interest per Year
₩ 39,884,012,141,490
≈ ₩ 1,263,848 / second
Debt per Citizen
₩ 25,675,014
Based on latest pop
Inflation (CPI, %)
2.32%
Year: 2024
GDP growth (%, real)
1.36%
Year: 2023
Unemployment (%)
2.60%
Year: 2024
Budget balance (% GDP)
-1.10%
Year: 2023
Display currency
Toggle between local currency (KRW) and USD using latest snapshot FX.
Historical Trends
Debt-to-GDP (%)
Inflation (CPI, %)
GDP growth (% real)
Unemployment (%)
Budget balance (% of GDP)
South Korea Economy Snapshot
The economy of South Korea shows steady performance, with a nominal GDP of ₩ 2,238.1 trillion and average income of about ₩ 43,222,473 per person. Low inflation at 2.32%, while the economy posted modest growth of 1.36%. Very low unemployment around 2.60%, and the government runs a substantial 1.10% fiscal deficit. The current exchange rate is 0.00 USD/KRW.
| GDP (nominal) | ₩ 2,238,084,696,446,217 |
|---|---|
| GDP per capita | ₩ 43,222,473 |
| Inflation | 2.32% |
| GDP growth | 1.36% |
| Unemployment | 2.60% |
| Budget balance | -1.10% |
| FX (USD/KRW) | 0.00 |
South Korea Economy Facts
You could buy 226,096 Lamborghini Venenos and still have fuel money left.
Debt is 0.59× the annual GDP roughly the size of the economy.
Country Comparison
| Country | Debt as % of GDP | GDP (USD) |
|---|---|---|
 Liberia | 57.49% | $ 4.8B |
 Germany | 57.70% | $ 4,659.9B |
| South Korea | 59.40% | $ 1,712.8B |
 Burkina Faso | 59.44% | $ 23.3B |
 Republic of the Congo | 59.49% | $ 15.7B |