Korea, Rep. | Interest payments (current LCU)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
Korea, Rep. | Interest payments (current LCU)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 17000000000
1973 21000000000
1974 31000000000
1975 49000000000
1976 94000000000
1977 132000000000
1978 190000000000
1979 285000000000
1980 434000000000
1981 567000000000
1982 652000000000
1983 687000000000
1984 857000000000
1985 993000000000
1986 1134000000000
1987 1134000000000
1988 1158000000000
1989 814000000000
1990 1262000000000
1991 1245000000000
1992 1495000000000
1993 1204000000000
1994 1830000000000
1995 1943000000000
1996 1964000000000
1997 2258000000000
1998 3398650000000
1999 5883834000000
2000 6888293000000
2001 7197713000000
2002 6845839000000
2003 6597578000000
2004 8710042000000
2005 10094100000000
2006 12150100000000
2007 13443750000000
2008 14355939000000
2009 11519009828260
2010 13386577000000
2011 14566086000000
2012 20161700000000
2013 20294100000000
2014 20942433177887
2015 20761012461333
2016 19643443592065
2017 19413675193949
2018 19220399348078
2019 19920458462919
2020 21089338302092
2021 20947080865474
2022

Korea, Rep. | Interest payments (current LCU)

Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source