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Republic of Korea - General government gross debt as a share of GDP

38.6
(%)
in 2017

Government gross debt as a share of GDP of Korea increased from 10.25 % in 1997 to 38.55 % in 2016 growing at an average annual rate of 7.66 %.

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Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

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Date Value Change, %
2017 38.6 0.06 %
2016 38.6 2.11 %
2015 37.8 5.24 %
2014 35.9 6.28 %
2013 33.8 5.07 %
2012 32.1 1.95 %
2011 31.5 2.23 %
2010 30.8 -1.77 %
2009 31.4 11.43 %
2008 28.2 -1.71 %
2007 28.7 -2.12 %
2006 29.3