South Korea vs Türkiye

South Korea vs Türkiye: Government debt

Government debt: 49.6% of GDP in South Korea in 2024 and 23.7% of GDP in Türkiye in 2025, by IMF estimates. In 2024 the value was higher in South Korea, by 26 percentage points, or 2.1 times that in Türkiye.

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% of GDP · IMF

South Korea vs Türkiye: Government debtGovernment debt: 49.6% of GDP in South Korea in 2024 and 23.7% of GDP in Türkiye in 2025, by IMF estimates. In 2024 the value was higher in South Korea, by 26 percentage points, or 2.1 times that in Türkiye.
South KoreaTürkiyeIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • South Korea 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 Türkiye at 25.4% of GDP in 2031.

Every year

% of GDP · IMF

YearSouth KoreaTürkiye
202552.423.7
202449.623.6
202350.628.3
202249.729.4
20214838.9
202045.938.3
201939.731.2
201837.928.8
20173826.9
201639.127
201538.826.5
201437.927.4
20133629.6
201233.530.8
2011–34.8
2010–38.6
2009–42.4
2008–37
2007–37.1
2006–44.2
2005–50.2
2004–57.1
2003–63.6
2002–71.2
2001–75.6
2000–51.2
  • 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearSouth KoreaTürkiye
202647.322.5
202746.222.6
20284723.2
202948.224.1
203049.225.1
203149.725.4

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.
  • 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 Türkiye

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