empty
 
 

13.04.202602:29:20UTC+00South Korea Projected Debt-to-GDP Reaches 60% by 2030

South Korea’s national debt is projected to near 60% of GDP by 2030, according to government data released Sunday and reported by Yonhap News Agency. The pace of increase is widely expected to accelerate amid slowing economic growth and mounting fiscal pressures.

The country’s debt-to-GDP ratio stood at 49% last year, up 3 percentage points from a year earlier, the Ministry of Economy and Finance said in its national settlement report. This represents the largest annual increase in five years, following a 5.7 percentage-point jump in 2020 when the economy was hit by the COVID-19 pandemic.

Under the national fiscal management plan submitted by the finance ministry to parliament in September, the debt-to-GDP ratio is projected to rise from 51.6% in 2026 to 53.8% in 2027, 56.2% in 2028, and 58% in 2029.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback