South Korea: External debt in foreign currencies
* indicates monthly or quarterly data series
| South Korea |
External debt in foreign currencies, percent of total |
|---|---|
| Latest value | 69.87 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1998 - 2024 |
| Average | 80.71 |
| Min - Max | 65.66 - 99.35 |
| Source | The World Bank |
The latest value from 2024 is 69.87 percent, an increase from 68.03 percent in 2023. In comparison, the world average is 74.10 percent, based on data from 43 countries. Historically, the average for South Korea from 1998 to 2024 is 80.71 percent. The minimum value, 65.66 percent, was reached in 2021 while the maximum of 99.35 percent was recorded in 1998.
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* indicates monthly or quarterly data series
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Total external debt, public and private, denominated in foreign currencies as percent of total external debt. Source: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 85.40 | 2023 | percent |
| Trade openness | 87.94 | 2023 | percent |
| Financial openness | 2.290 | 2022 | index points |
| Exports, percent of GDP | 44.00 | 2023 | percent |
| Exports, billion dollars | 753.55 | 2023 | billion U.S. dollars |
| Growth of exports | 3.08 | 2023 | percent |
| Imports, percent of GDP | 43.94 | 2023 | percent |
| Imports, billion dollars | 752.67 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.11 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 15.23 | 2024 | billion U.S. dollars |
| Portfolio investment inflows, equities | 2,441.90 | 2024 | million dollars (current) |
| Current account, percent of GDP | 5.28 | 2024 | percent |
| Current account, in dollars | 99.04 | 2024 | billion U.S. dollars |
| Current Account, quarterly | 6.43 | 6/2025 | percent |
| Trade balance, percent of GDP | 0.05 | 2023 | percent |
| Trade balance, in dollars | 76.43 | 2024 | billion U.S. dollars |
| Reserves | 418.22 | 2024 | billion U.S. dollars |
| Remittances, percent of GDP | 0.45 | 2023 | percent |
| Remittances | 7,449.40 | 2024 | million U.S. dollars |
| Net errors and omissions | -4,137.40 | 2024 | million USD |
| External debt | 35.88 | 2024 | percent |
| Short-term external debt | 21.78 | 2024 | percent |
| Short-term debt to reserves | 35.04 | 2024 | percent |
| External debt in foreign currencies | 69.87 | 2024 | percent |