27, May 2012, CEST. Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

Country or Region: Korea (South Korea) › Change country
Economic Indicator: Total Government Gross Debt (National Currency) › See all Korea indicators, › See Total Government Gross Debt (National Currency) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: South Korean Won
Currency Symbol: KRW

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110). Source: Ministry of Finance Latest actual data: 2009 Fiscal assumptions: The fiscal projections assume that fiscal policies will be implemented in 2011 as announced by the government. The projection for 2010 is mainly based on the outturn as of November 2010, assuming that the first 11 months had collected/used about 92 percent of total revenue/expenditure. As a result, the fiscal impulse is projected to be -3 percent of GDP in 2010. Expenditure numbers for 2011 are broadly in line with the government?s budget. Revenue projections reflect the IMF staff?s macroeconomic assumptions, adjusted for the tax measures included in the multiyear stimulus package introduced in 2009 and discretionary revenue-raising measures included in the 2010 budget. The medium-term projections assume that the gove

Total Government Gross Debt (National Currency) for Korea is KRW 359,326.21 Billion.

In the previous year, 2009, Total Government Gross Debt (National Currency) for Korea was KRW 346,109.00 Billion Total Government Gross Debt (National Currency) for Korea in 2010 was or will be 3.82% more than it was or will be in 2009.

In the following or forecasted year, 2011, Total Government Gross Debt (National Currency) for Korea was or will be KRW 363,168.28 Billion, which is 1.07% more than the 2010 figure.