South Korea vs Sweden
South Korea vs Sweden: Government debt
Government debt: 49.6% of GDP in South Korea in 2024 and 34.6% of GDP in Sweden in 2025, by IMF estimates. In 2024 the value was higher in South Korea, by 15.7 percentage points, or 1.46 times that in Sweden.
% of GDP · IMF
What the numbers say
- South Korea has been higher since 2019, when it overtook Sweden.
- The IMF projection (World Economic Outlook, October 2026) puts South Korea at 49.7% of GDP and Sweden at 30.7% of GDP in 2031.
Every year
% of GDP · IMF
| Year | South Korea | Sweden |
|---|---|---|
| 2025 | 52.4 | 34.6 |
| 2024 | 49.6 | 33.9 |
| 2023 | 50.6 | 32.2 |
| 2022 | 49.7 | 34.4 |
| 2021 | 48 | 37.2 |
| 2020 | 45.9 | 40.5 |
| 2019 | 39.7 | 36 |
| 2018 | 37.9 | 40.2 |
| 2017 | 38 | 41.9 |
| 2016 | 39.1 | 43.2 |
| 2015 | 38.8 | 44.8 |
| 2014 | 37.9 | 46.1 |
| 2013 | 36 | 41.2 |
| 2012 | 33.5 | 38.1 |
| 2011 | – | 37.8 |
| 2010 | – | 38.7 |
| 2009 | – | 41.3 |
| 2008 | – | 38 |
| 2007 | – | 39.3 |
| 2006 | – | 43.9 |
| 2005 | – | 49 |
| 2004 | – | 48.7 |
| 2003 | – | 49.5 |
| 2002 | – | 49.9 |
| 2001 | – | 52 |
| 2000 | – | 50.4 |
| 1999 | – | 60.3 |
| 1998 | – | 65.4 |
| 1997 | – | 67.7 |
| 1996 | – | 68.9 |
| 1995 | – | 68.7 |
| 1994 | – | 68.6 |
| 1993 | – | 66.1 |
- 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | South Korea | Sweden |
|---|---|---|
| 2026 | 47.3 | 35.1 |
| 2027 | 46.2 | 35.5 |
| 2028 | 47 | 34.8 |
| 2029 | 48.2 | 33.6 |
| 2030 | 49.2 | 32.3 |
| 2031 | 49.7 | 30.7 |
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
South Korea vs Sweden
Health
- Life expectancySouth Korea: 84.3 years in 2023Sweden: 83.3 years in 2023
- Child mortalitySouth Korea: 0.3 per 100 live births in 2024Sweden: 0.2 per 100 live births in 2024
- Infant mortalitySouth Korea: 2.1 per 1,000 live births in 2023Sweden: 1.9 per 1,000 live births in 2023
- Safe drinking waterSouth Korea: 99.3% in 2022Sweden: 99.7% in 2022
- DepressionSouth Korea: 3.17% in 2017Sweden: 4.49% in 2017
- Suicide rateSouth Korea: 20.8 per 100,000 people in 2017Sweden: 11.1 per 100,000 people in 2017
People
- PopulationSouth Korea: 51.8 million people in 2023Sweden: 10.6 million people in 2023
- Population growthSouth Korea: -0.04% a year in 2023Sweden: 0.56% a year in 2023
- Fertility rateSouth Korea: 0.72 births per woman in 2023Sweden: 1.43 births per woman in 2023
- Urban populationSouth Korea: 81.2% in 2025Sweden: 89.1% in 2025
- Median ageSouth Korea: 44.5 years in 2023Sweden: 39.9 years in 2023
- People aged 65 and overSouth Korea: 18.3% in 2023Sweden: 20.5% in 2023
- Net migration rateSouth Korea: 1.7 per 1,000 people in 2023Sweden: 5.2 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingSouth Korea: 2.6% of GDP in 2025Sweden: 2.47% of GDP in 2025
- Military spending in US dollarsSouth Korea: $48.9B in 2025Sweden: $15B in 2025
- Military spending per personSouth Korea: $924 in 2025Sweden: $1,549 in 2025
- Military share of state spendingSouth Korea: 10.8% of government spending in 2025Sweden: 5% of government spending in 2025
- Armed forces personnelSouth Korea: 569,000 people in 2020Sweden: 15,000 people in 2020
- National powerSouth Korea: 2% of world capability in 2022Sweden: 0.19% of world capability in 2022
- Armed forces, share of workersSouth Korea: 2.01% of the labour force in 2020Sweden: 0.27% of the labour force in 2020
- Arms importsSouth Korea: 222 million TIV in 2025Sweden: 146 million TIV in 2025
- Arms exportsSouth Korea: 2.02 billion TIV in 2025Sweden: 235 million TIV in 2025