The ratio of Korea's national debt to gross domestic product (GDP) is expected to increase by more than 24 percentage points in 2025 compared to 2015.
It is the 9th largest increase among 37 developed countries in terms of the International Monetary Fund (IMF) classification.
Even if the level of absolute sovereign debt is not high, it can be interpreted as meaning that the rate of growth is relatively fast.
According to IMF World Economic Outlook data, Korea's sovereign debt ratio is expected to reach 64.96% in 2025 from 40.78% in 2015.
Korea's sovereign debt ratio from 40.78% in 2015 is expected to rise to 41.92% in 2019, 48.41% in 2020, 52.24% in 2021, 55.80% in 2022, 59.25% in 2023, 62.27% in 2024, 64.96% in 2025, etc. is.
In 2020 and 2021, when expansion financing is inevitable due to the Corona 19 crisis, the national debt ratio will increase significantly.
The increase in 2021 compared to 2019 is 10.32 percentage points.
In terms of the magnitude of the increase in the national debt ratio in 2021 compared to 2019, Korea ranked 24th out of 37 developed countries.
(Photo = Yonhap News)