Ireland vs South Korea

Ireland vs South Korea: Government debt

Government debt: 34.8% of GDP in Ireland in 2025 and 49.6% of GDP in South Korea in 2024, by IMF estimates. In 2024 the value was higher in South Korea, by 11.2 percentage points, or 1.29 times that in Ireland.

% of GDP · IMF

Ireland vs South Korea: Government debtGovernment debt: 34.8% of GDP in Ireland in 2025 and 49.6% of GDP in South Korea in 2024, by IMF estimates. In 2024 the value was higher in South Korea, by 11.2 percentage points, or 1.29 times that in Ireland.
IrelandSouth KoreaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Korea has been higher since 2022, when it overtook Ireland.
  • The IMF projection (World Economic Outlook, October 2026) puts Ireland at 24.1% of GDP and South Korea at 49.7% of GDP in 2031.

Every year

% of GDP · IMF

YearIrelandSouth Korea
202534.852.4
202438.449.6
202342.150.6
202242.849.7
202152.448
202057.145.9
201955.839.7
201861.437.9
201765.338
201672.739.1
201574.138.8
2014101.537.9
2013117.836
201211933.5
2011109.7–
201086.3–
200961.8–
200842.5–
200724–
200623.7–
200526.1–
200428–
200329.8–
200230.9–
200133.6–
200036.4–
199946.6–
199851.4–
199761.6–
199669.8–
199578.5–
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearIrelandSouth Korea
202633.547.3
202730.846.2
202828.747
202926.948.2
203025.349.2
203124.149.7

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Ireland vs South Korea

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