South Korea: Sovereign debt average maturity
* indicates monthly or quarterly data series
| South Korea |
Sovereign debt average maturity, in years |
|---|---|
| Latest value | 9.91 |
| Year | 2024 |
| Measure | percent |
| Data availability | 2011 - 2024 |
| Average | 7.20 |
| Min - Max | 3.72 - 10.38 |
| Source | The World Bank |
The latest value from 2024 is 9.91 percent, a decline from 10.38 percent in 2023. In comparison, the world average is 7.99 percent, based on data from 94 countries. Historically, the average for South Korea from 2011 to 2024 is 7.2 percent. The minimum value, 3.72 percent, was reached in 2011 while the maximum of 10.38 percent was recorded in 2023.
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Definition: The average maturity of the general government debt in years. The source for these data is: 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 |
|---|---|---|---|
| Government spending, percent of GDP | 18.90 | 2023 | percent |
| Government spending, in dollars | 323.69 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -0.78 | 2024 | percent |
| Primary budget balance | -0.70 | 2024 | percent |
| Government expenditure | 114,237.70 | Q3/2025 | billion |
| Long-term interest rate | 2.85 | 9/2025 | percent |
| Tax revenue | 15.72 | 2023 | percent |
| Commercial tax rate | 33.20 | 2019 | percent |
| Tax preparation time | 174 | 2019 | hours |
| Taxes on goods and services | 16.10 | 2023 | percent |
| Taxes on international trade | 1.09 | 2023 | percent |
| Income and profits taxes | 29.99 | 2023 | percent |
| Foreign aid | -55.10 | 1999 | million U.S. dollars |
| Government debt | 49.81 | 2024 | percent |
| Government debt in foreign currency, percent | 1.04 | 2023 | percent |
| Government debt held by non-residents | 19.11 | 2024 | percent |
| Sovereign debt average maturity | 9.91 | 2024 | percent |
| Short-term government debt | 8.76 | 2024 | percent |