South Korea vs Tanzania

South Korea vs Tanzania: Government debt

Government debt: 49.6% of GDP in South Korea in 2024 and 47.8% of GDP in Tanzania in 2023, by IMF estimates. In 2023 the value was higher in South Korea, by 2.8 percentage points, or 1.06 times that in Tanzania.

% of GDP · IMF

South Korea vs Tanzania: Government debtGovernment debt: 49.6% of GDP in South Korea in 2024 and 47.8% of GDP in Tanzania in 2023, by IMF estimates. In 2023 the value was higher in South Korea, by 2.8 percentage points, or 1.06 times that in Tanzania.
South KoreaTanzaniaIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Korea has been higher since 2020, when it overtook Tanzania.
  • The IMF projection (World Economic Outlook, October 2026) puts South Korea at 49.7% of GDP and Tanzania at 41.4% of GDP in 2031.

Every year

% of GDP · IMF

YearSouth KoreaTanzania
202449.650
202350.647.8
202249.744.9
20214843.4
202045.941.3
201939.740.4
201837.942
20173840.1
201639.139.8
201538.839.5
201437.936.4
20133632.7
201233.530.1
2011–28.4
2010–27.6
2009–23.9
2008–21.6
2007–23.8
2006–34.5
2005–46.1
2004–44.5
2003–44.4
2002–47.4
2001–50.8
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearSouth KoreaTanzania
202552.449.8
202647.348.1
202746.246.6
20284745.2
202948.243.9
203049.242.9
203149.741.4

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 Korea vs Tanzania

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