Myanmar (Burma) vs South Korea: Government debt
Government debt: 37.6% of GDP in Myanmar (Burma) in 2019 and 49.6% of GDP in South Korea in 2024, by IMF estimates. In 2019 the value was higher in South Korea, by 2.1 percentage points, or 1.06 times that in Myanmar (Burma).
Myanmar (Burma)South Korea
Watch it change on the map% of GDP · IMF
Latest figures
% of GDP · IMF
| Country | Latest | 10 years before | Projected |
|---|---|---|---|
| Myanmar (Burma) | 37.6 2019 | 56.4 | 56 2031 |
| South Korea | 49.6 2024 | 37.9 | 49.7 2031 |
What the numbers say
- South Korea has been higher since 2019, when it overtook Myanmar (Burma).
- The IMF projection (World Economic Outlook, October 2026) puts Myanmar (Burma) at 56% of GDP and South Korea at 49.7% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Myanmar (Burma) | South Korea |
|---|---|---|
| 2024 | 50.7 | 49.6 |
| 2023 | 53.2 | 50.6 |
| 2022 | 56 | 49.7 |
| 2021 | 63.4 | 48 |
| 2020 | 49.1 | 45.9 |
| 2019 | 37.6 | 39.7 |
| 2018 | 39.9 | 37.9 |
| 2017 | 41.9 | 38 |
| 2016 | 35.7 | 39.1 |
| 2015 | 36.6 | 38.8 |
| 2014 | 34.5 | 37.9 |
| 2013 | 44.9 | 36 |
| 2012 | 48 | 33.5 |
| 2011 | 49.9 | – |
| 2010 | 54.4 | – |
| 2009 | 56.4 | – |
| 2008 | 59.8 | – |
| 2007 | 77.4 | – |
| 2006 | 103.1 | – |
| 2005 | 119 | – |
| 2004 | 126.6 | – |
| 2003 | 146 | – |
| 2002 | 190.6 | – |
| 2001 | 262 | – |
| 2000 | 164.5 | – |
| 1999 | 150.7 | – |
| 1998 | 208.6 | – |
- 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2025–2031
| Year | Myanmar (Burma) | South Korea |
|---|---|---|
| 2025 | 52 | 52.4 |
| 2026 | 53.3 | 47.3 |
| 2027 | 54.6 | 46.2 |
| 2028 | 55.3 | 47 |
| 2029 | 55.3 | 48.2 |
| 2030 | 55.7 | 49.2 |
| 2031 | 56 | 49.7 |
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.
How the layers work, where their data comes from and what they can’t tell you: Countries through time