India vs South Korea: Interest payments
Interest payments over time
- India
- South Korea
How they compare
South Korea currently reports 35.54 trillion current LCU against 8.33 trillion current LCU in India, a difference of 27.21 trillion current LCU.
That makes South Korea's figure about 4.3 times India's.
Across all 46 years both countries report, South Korea has been ahead every year.
India ranks 6th and South Korea ranks 3rd of 155 countries.
South Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | India | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 13.07 billion current LCU | 130.17 billion current LCU | 117.09 billion current LCU | South Korea |
| 1980s | 74.94 billion current LCU | 843.00 billion current LCU | 768.06 billion current LCU | South Korea |
| 1990s | 473.62 billion current LCU | 2.25 trillion current LCU | 1.77 trillion current LCU | South Korea |
| 2000s | 1.40 trillion current LCU | 9.78 trillion current LCU | 8.38 trillion current LCU | South Korea |
| 2010s | 3.94 trillion current LCU | 18.71 trillion current LCU | 14.77 trillion current LCU | South Korea |
| 2020s | 8.33 trillion current LCU | 25.20 trillion current LCU | 16.87 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, India or South Korea?
- South Korea, at 35.54 trillion current LCU against 8.33 trillion current LCU in India as of 2024.
- What is the difference in interest payments between India and South Korea?
- 27.21 trillion current LCU, with South Korea ahead.
- How many years of comparable data are there for India and South Korea?
- 46 years are reported by both, from 1974 to 2022.
- How do India and South Korea rank globally for interest payments?
- India ranks 6th and South Korea ranks 3rd of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.