Interest payments in South Korea
South Korea: Interest payments was 4.4% in 2023. ▼ Falling
Interest payments in South Korea, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for interest payments in South Korea is 4.4%, measured in 2023.
The figure is up 27.8% on the previous year and down 21.3% over ten years.
Over the whole period, interest payments in South Korea peaked at 8.3% in 1986 and was at its lowest, 2.6%, in 1972.
South Korea ranks 95th of 152 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 52 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.2% | 2.6% | 6.0% | 8 |
| 1980s | 7.1% | 3.7% | 8.3% | 10 |
| 1990s | 4.0% | 2.9% | 6.7% | 10 |
| 2000s | 6.0% | 4.6% | 6.9% | 10 |
| 2010s | 5.1% | 3.8% | 5.8% | 10 |
| 2020s | 3.7% | 3.3% | 4.4% | 4 |
Countries ranked near South Korea
More public sector data for South Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Tax revenue 13.3% (2024)
- Taxes on income, profits and capital gains 27.5% (2024)
- Taxes on goods and services 17.0% (2024)
- Net investment in nonfinancial assets 1.3% (2024)
- Net lending (+) / net borrowing (-) -1.8% (2024)
- Interest payments 5.3% (2024)
- Grants and other revenue 19.8% (2024)
- Other taxes 4.7% (2024)
- Compensation of employees 8.8% (2023)
Frequently asked questions
- What is interest payments in South Korea?
- Interest payments in South Korea was 4.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in South Korea?
- The highest recorded value was 8.3% in 1986.
- What is the lowest interest payments recorded in South Korea?
- The lowest recorded value was 2.6% in 1972.
- How does South Korea rank for interest payments?
- South Korea ranks 95th out of 152 countries with data for 2023.
- Is interest payments rising or falling in South Korea?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (% of expense). Statizoid updates them automatically from the source API.
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CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.