South Africa vs South Korea
South Africa vs South Korea: Government debt
Government debt in 2024: 76% of GDP in South Africa and 49.6% of GDP in South Korea, by IMF estimates. In 2024 the value was higher in South Africa, by 26.4 percentage points, or 1.53 times that in South Korea.
% of GDP · IMF
What the numbers say
- South Africa has been higher in every year both have figures for since 2012.
- The IMF projection (World Economic Outlook, October 2026) puts South Africa at 79.8% of GDP and South Korea at 49.7% of GDP in 2031.
Every year
% of GDP · IMF
| Year | South Africa | South Korea |
|---|---|---|
| 2024 | 76 | 49.6 |
| 2023 | 73.2 | 50.6 |
| 2022 | 70.7 | 49.7 |
| 2021 | 68.8 | 48 |
| 2020 | 68.9 | 45.9 |
| 2019 | 56.1 | 39.7 |
| 2018 | 51.5 | 37.9 |
| 2017 | 48.6 | 38 |
| 2016 | 47.1 | 39.1 |
| 2015 | 45.2 | 38.8 |
| 2014 | 43.3 | 37.9 |
| 2013 | 40.4 | 36 |
| 2012 | 37.4 | 33.5 |
| 2011 | 34.7 | – |
| 2010 | 31.2 | – |
| 2009 | 27 | – |
| 2008 | 24.1 | – |
| 2007 | 24.3 | – |
| 2006 | 28 | – |
| 2005 | 29.6 | – |
| 2004 | 30.7 | – |
| 2003 | 31.5 | – |
| 2002 | 31.8 | – |
| 2001 | 38.1 | – |
| 2000 | 37.9 | – |
IMF projection (World Economic Outlook, October 2026) · 2025–2031
| Year | South Africa | South Korea |
|---|---|---|
| 2025 | 78.4 | 52.4 |
| 2026 | 78 | 47.3 |
| 2027 | 78.1 | 46.2 |
| 2028 | 78.8 | 47 |
| 2029 | 79.5 | 48.2 |
| 2030 | 79.7 | 49.2 |
| 2031 | 79.8 | 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
South Africa vs South Korea
Health
- Life expectancySouth Africa: 66.1 years in 2023South Korea: 84.3 years in 2023
- Child mortalitySouth Africa: 3.5 per 100 live births in 2024South Korea: 0.3 per 100 live births in 2024
- Infant mortalitySouth Africa: 27.9 per 1,000 live births in 2023South Korea: 2.1 per 1,000 live births in 2023
- DepressionSouth Africa: 3.75% in 2017South Korea: 3.17% in 2017
- Suicide rateSouth Africa: 11.2 per 100,000 people in 2017South Korea: 20.8 per 100,000 people in 2017
People
- PopulationSouth Africa: 63.2 million people in 2023South Korea: 51.8 million people in 2023
- Population growthSouth Africa: 1.32% a year in 2023South Korea: -0.04% a year in 2023
- Fertility rateSouth Africa: 2.22 births per woman in 2023South Korea: 0.72 births per woman in 2023
- Urban populationSouth Africa: 63.8% in 2025South Korea: 81.2% in 2025
- Median ageSouth Africa: 28.2 years in 2023South Korea: 44.5 years in 2023
- People aged 65 and overSouth Africa: 6.5% in 2023South Korea: 18.3% in 2023
- Net migration rateSouth Africa: 3.6 per 1,000 people in 2023South Korea: 1.7 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingSouth Africa: 0.74% of GDP in 2025South Korea: 2.6% of GDP in 2025
- Military spending in US dollarsSouth Africa: $3B in 2025South Korea: $48.9B in 2025
- Military spending per personSouth Africa: $49 in 2025South Korea: $924 in 2025
- Military share of state spendingSouth Africa: 2.2% of government spending in 2025South Korea: 10.8% of government spending in 2025
- Armed forces personnelSouth Africa: 89,000 people in 2020South Korea: 569,000 people in 2020
- National powerSouth Africa: 0.55% of world capability in 2022South Korea: 2% of world capability in 2022
- Armed forces, share of workersSouth Africa: 0.4% of the labour force in 2020South Korea: 2.01% of the labour force in 2020
- Arms importsSouth Africa: 30 million TIV in 2025South Korea: 222 million TIV in 2025
- Arms exportsSouth Africa: 115 million TIV in 2025South Korea: 2.02 billion TIV in 2025