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지나쌤

Debt-to-GDP ratio of Korea remains far below average of OECD states

By Korea Herald

Published : Dec. 25, 2012 - 20:45

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The news that the Korean government’s debt amounted to 468.6 trillion won last year under new global accounting rules stunned the public.

But financial officials downplayed the concern, presenting a comparative figure of the debt-to-GDP ratio of OECD member countries.

The data showed that the Korean government’s debt-to-GDP ratio remained far lower than that of many other advanced countries such as the U.S., Japan and Germany.

Japan topped the list with 205.3 percent. The average ratio for OECD member countries stood at 102.9 percent.

By Chung Joo-won (joowonc@heraldcorp.com)

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