Claims on central government, etc. (% GDP) in South Korea
South Korea: Claims on central government, etc. (% GDP) was 3.4% in 2024. ◆ Volatile
Claims on central government, etc. in South Korea, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
South Korea recorded 3.4% for claims on central government, etc. in 2024. That is the highest value across all 65 years on record.
That represents a change of up 77.1% on the previous year and up 804.2% over ten years.
Over the whole period, claims on central government, etc. in South Korea peaked at 3.4% in 2024 and was at its lowest, -6.5%, in 2007.
That places South Korea 136th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government, etc. (% GDP) in South Korea, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 2.7% | — |
| 1961 | 0.8% | -68.9% |
| 1962 | 2.2% | +163.3% |
| 1963 | 1.6% | -28.1% |
| 1964 | 0.5% | -66.6% |
| 1965 | 0.3% | -41.6% |
| 1966 | -0.6% | -303.0% |
| 1967 | -0.7% | +2.9% |
| 1968 | -1.7% | +158.1% |
| 1969 | -2.3% | +39.0% |
| 1970 | -2.8% | +21.7% |
| 1971 | -2.8% | -3.2% |
| 1972 | -0.3% | -88.7% |
| 1973 | 0.1% | -121.9% |
| 1974 | 1.5% | +2106.6% |
| 1975 | 3.1% | +104.6% |
| 1976 | 2.1% | -32.9% |
| 1977 | 1.0% | -50.6% |
| 1978 | 1.0% | +1.4% |
| 1979 | 0.4% | -59.9% |
| 1980 | 1.3% | +212.1% |
| 1981 | 2.9% | +121.1% |
| 1982 | 3.0% | +6.2% |
| 1983 | 2.2% | -27.0% |
| 1984 | 1.9% | -15.5% |
| 1985 | 1.7% | -7.8% |
| 1986 | 1.5% | -12.3% |
| 1987 | 0.1% | -93.2% |
| 1988 | -1.4% | -1441.6% |
| 1989 | -2.5% | +76.7% |
| 1990 | -2.7% | +11.7% |
| 1991 | -2.0% | -28.3% |
| 1992 | -1.9% | -4.3% |
| 1993 | -2.2% | +16.9% |
| 1994 | -2.6% | +18.0% |
| 1995 | -3.1% | +19.8% |
| 1996 | -3.2% | +1.6% |
| 1997 | -3.6% | +13.1% |
| 1998 | -3.2% | -11.4% |
| 1999 | -2.7% | -13.2% |
| 2000 | -3.0% | +11.2% |
| 2001 | -3.6% | +17.2% |
| 2002 | -4.1% | +14.3% |
| 2003 | -4.3% | +5.4% |
| 2004 | -2.3% | -46.9% |
| 2005 | -2.6% | +12.0% |
| 2006 | -3.2% | +23.6% |
| 2007 | -6.5% | +103.8% |
| 2008 | -6.3% | -2.1% |
| 2009 | -4.5% | -28.0% |
| 2010 | -3.7% | -18.4% |
| 2011 | -4.3% | +15.8% |
| 2012 | -2.5% | -42.7% |
| 2013 | -1.5% | -39.9% |
| 2014 | -0.5% | -67.7% |
| 2015 | -0.4% | -6.5% |
| 2016 | -0.2% | -46.5% |
| 2017 | -1.2% | +402.5% |
| 2018 | -2.2% | +86.5% |
| 2019 | -2.0% | -12.8% |
| 2020 | -1.2% | -37.5% |
| 2021 | -0.6% | -52.8% |
| 2022 | 0.1% | -124.2% |
| 2023 | 1.9% | +1263.1% |
| 2024 | 3.4% | +77.1% |
South Korea compared with similar countries
- South Korea's 3.4% is below the median for high income countries, which is 11.8%, 28% of the median. (61 countries reporting)
- South Korea's 3.4% is below the median for East Asia & Pacific, which is 5.7%, 59% of the median. (26 countries reporting)
Biggest year-on-year movements
Years where Claims on central government, etc. (% GDP) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +2106.6% | 0.1% | 1.5% |
| 1988 | -1441.6% | 0.1% | -1.4% |
| 2023 | +1263.1% | 0.1% | 1.9% |
| 2017 | -402.5% | -0.2% | -1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.3% | -2.3% | 2.7% | 10 |
| 1970s | 0.3% | -2.8% | 3.1% | 10 |
| 1980s | 1.1% | -2.5% | 3.0% | 10 |
| 1990s | -2.7% | -3.6% | -1.9% | 10 |
| 2000s | -4.0% | -6.5% | -2.3% | 10 |
| 2010s | -1.9% | -4.3% | -0.2% | 10 |
| 2020s | 0.7% | -1.2% | 3.4% | 5 |
Countries ranked near South Korea
More financial sector data for South Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is claims on central government, etc. in South Korea?
- Claims on central government, etc. in South Korea was 3.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government, etc. recorded in South Korea?
- The highest recorded value was 3.4% in 2024.
- What is the lowest claims on central government, etc. recorded in South Korea?
- The lowest recorded value was -6.5% in 2007.
- How does South Korea rank for claims on central government, etc.?
- South Korea ranks 136th out of 187 countries with data for 2024.
- Is claims on central government, etc. rising or falling in South Korea?
- Over the last ten years it is up 804.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on central government, etc. (% GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Claims on central government include loans to central government institutions net of deposits. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.