24Peaks / Asia / South Korea / Government Net Lending and Borrowing (% of GDP)

South Korea - Government Net Lending and Borrowing (% of GDP) -1.79

World Bank WDI · updated 2026-10-15 · 158 economies tracked

Latest value

-1.79 (2024)

Global rank

#n/a of 158 economies

Share of global total

1.0%

Growth since 1972

0.47×

Ranking Race — Government Net Lending and Borrowing (% of GDP)

1 = global #1 · higher value ranks higher

#1#23#45#67#89#111#1331972198219922002201220222024#31#392020 overtook Netherlands2023 overtook Ecuador
South KoreaNauruNorwayLesothoMacao

Real annual global ranks, 1972 - 2024. South Korea climbed from #31 to #39 (overtook Netherlands). Gaps in a lane = missing data that year.

Key events for South Korea ↓

Key Events — South Korea

Auto-detected from rank data + curated milestones

1997
IMF crisis curated

Currency crisis forces an IMF bailout and deep restructuring.

1999
V-shaped recovery curated

Rapid reform-driven rebound from the Asian crisis.

2004
Fell 16 places in global rank auto
2009
Global crisis slowdown curated

Export slump hits growth before a fast recovery.

2019
Fell 33 places in global rank auto
2020
Overtook Netherlands in global rank auto
2020
Climbed 31 places in global rank auto
2020
COVID-19 management curated

Economy contracts slightly while exports stay resilient.

Government Net Lending and Borrowing (% of GDP), 1972-2024

World Bank WDI · % of GDP · linear scale · ranking in the race above
19721987200220172024-3.84-1.261.333.91

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