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Debt-to-GDP ratio of Korea remains far below average of OECD states
By Korea HeraldPublished : Dec. 25, 2012 - 20:45
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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Articles by Korea Herald
