Arab Today, arab today debttogdp ratio hits 265 in 2013 in south korean
Last Updated : GMT 16:13:29
Arab Today, arab today
Arab Today, arab today

Debt-to-GDP ratio hits 265% in 2013 in South Korean

Arab Today, arab today

Arab Today, arab today Debt-to-GDP ratio hits 265% in 2013 in South Korean

Seoul - Yonhap

Combined debt held by households, companies and the government was almost three times larger than the size of the South Korean economy last year, data showed Tuesday. As of end-2013, debts held by economic agents amounted to 3,783,9 trillion won (US$3.58 trillion), accounting for 264.9 percent against the nominal gross domestic product (GDP). It compared with 262.5 percent tallied in 2012.

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