South Korea vs Thailand

South Korea vs Thailand: Government debt

Government debt in 2024: 49.6% of GDP in South Korea and 62.9% of GDP in Thailand, by IMF estimates. In 2024 the value was higher in Thailand, by 13.3 percentage points, or 1.27 times that in South Korea.

Watch it change on the map

% of GDP · IMF

South Korea vs Thailand: Government debtGovernment debt in 2024: 49.6% of GDP in South Korea and 62.9% of GDP in Thailand, by IMF estimates. In 2024 the value was higher in Thailand, by 13.3 percentage points, or 1.27 times that in South Korea.
South KoreaThailandIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Thailand has been higher in every year both have figures for since 2012.
  • The IMF projection (World Economic Outlook, October 2026) puts South Korea at 49.7% of GDP and Thailand at 69.8% of GDP in 2031.

Every year

% of GDP · IMF

YearSouth KoreaThailand
202449.662.9
202350.662.2
202249.760.6
20214858.4
202045.949.4
201939.741.1
201837.941.9
20173841.8
201639.141.7
201538.842.6
201437.943.3
20133642.2
201233.541.9
2011–39.1
2010–39.8
2009–42.4
2008–35
2007–36
2006–39.2
2005–45.5
2004–46.3
2003–47.5
2002–54.9
2001–57.5
2000–57.8
1999–56.6
1998–49.9
1997–40.5
1996–15.2
IMF projection (World Economic Outlook, October 2026) · 2025–2031
YearSouth KoreaThailand
202552.464.7
202647.367.2
202746.268.5
20284769.1
202948.269.4
203049.269.6
203149.769.8

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 Thailand

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