Public Debt in Korea

Korea Public Debt | Economic News & Forecasts

Korea - Public Debt

The economy appears to have taken its foot off the gas in July–September, after growth held steady for the second consecutive quarter in April–June. In August, consumer confidence fell into pessimistic territory for the first time since March 2017, primarily due to lower confidence regarding current and future domestic economic conditions. Moreover, the unemployment rate increased for the second month in a row in August to reach the highest in nearly nine years. These two developments pose downside risks to private consumption in Q3. Meanwhile, pending spending from the extra FY 2018 budget, which was approved in May and contained a total of USD 3.8 billion, should support government consumption. Looking further ahead, on 28 August, the Ministry of Finance proposed the largest budget increase in a decade for FY 2019, with an eye on shoring up an increasingly-shaky labor market.

Korea - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)35.4  37.3  39.5  11.0  39.8  

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Korea Facts

Bond Yield2.111.55 %Oct 12
Exchange Rate1,1310.21 %Oct 12
Stock Market2,162-0.11 %Oct 12

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