Interest payments in Korea
Korea: Interest payments was 4.4% in 2023. ▼ Falling
Interest payments in 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 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 Korea peaked at 8.3% in 1986 and was at its lowest, 2.6%, in 1972.
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.
Interest payments in Korea, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 2.6% | — |
| 1973 | 3.4% | +30.6% |
| 1974 | 3.2% | -5.6% |
| 1975 | 3.4% | +5.8% |
| 1976 | 4.5% | +32.8% |
| 1977 | 5.2% | +16.8% |
| 1978 | 5.6% | +6.7% |
| 1979 | 6.0% | +8.1% |
| 1980 | 7.3% | +21.2% |
| 1981 | 7.7% | +5.4% |
| 1982 | 7.2% | -6.8% |
| 1983 | 7.1% | -0.4% |
| 1984 | 8.0% | +11.7% |
| 1985 | 8.1% | +1.9% |
| 1986 | 8.3% | +2.5% |
| 1987 | 7.4% | -11.5% |
| 1988 | 6.5% | -11.8% |
| 1989 | 3.7% | -42.3% |
| 1990 | 4.7% | +26.7% |
| 1991 | 3.9% | -17.9% |
| 1992 | 4.0% | +3.0% |
| 1993 | 2.9% | -27.5% |
| 1994 | 3.7% | +27.9% |
| 1995 | 3.4% | -8.5% |
| 1996 | 3.0% | -11.4% |
| 1997 | 3.2% | +5.7% |
| 1998 | 4.1% | +29.8% |
| 1999 | 6.7% | +61.8% |
| 2000 | 6.9% | +2.5% |
| 2001 | 6.2% | -9.2% |
| 2002 | 5.7% | -9.4% |
| 2003 | 4.6% | -19.4% |
| 2004 | 5.6% | +22.6% |
| 2005 | 5.9% | +5.9% |
| 2006 | 6.5% | +10.1% |
| 2007 | 6.8% | +5.1% |
| 2008 | 6.8% | -0.8% |
| 2009 | 5.0% | -27.1% |
| 2010 | 5.7% | +16.0% |
| 2011 | 5.8% | +0.7% |
| 2012 | 5.7% | -1.7% |
| 2013 | 5.6% | -1.0% |
| 2014 | 5.7% | +0.8% |
| 2015 | 5.3% | -6.0% |
| 2016 | 4.8% | -9.9% |
| 2017 | 4.4% | -8.1% |
| 2018 | 4.1% | -7.9% |
| 2019 | 3.8% | -7.4% |
| 2020 | 3.7% | -2.8% |
| 2021 | 3.3% | -9.7% |
| 2022 | 3.5% | +4.9% |
| 2023 | 4.4% | +27.8% |
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 Korea
More public sector data for Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Korea?
- Interest payments in 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 Korea?
- The highest recorded value was 8.3% in 1986.
- What is the lowest interest payments recorded in Korea?
- The lowest recorded value was 2.6% in 1972.
- How does Korea rank for interest payments?
- Korea ranks 95th out of 152 countries with data for 2023.
- Is interest payments rising or falling in Korea?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this 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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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.