|Unit||Mil. USD, NSA|
|Adjustments||Not Seasonally Adjusted|
|Outstanding Public Debt||2020 Q3||510,961||503,055||Mil. USD, NSA||Quarterly|
|Government Budget Balance||Aug 2020||-70,888||-75,607||Bil. KRW YTD, NSA||Monthly|
|Government Expenditures||Aug 2020||367,357||337,031||Bil. KRW, NSA||Monthly|
|Government Revenues||Aug 2020||296,469||261,424||Bil. KRW YTD, NSA||Monthly|
The external debt is compiled by the Bank of Korea. The data are published quarterly on the Bank of Korea website and are broken down into sectors:
The external debt, at any given time, is the outstanding amount of those actual current, and not contingent, liabilities that require payments of principal and/or interest by the debtor at some point in the future and that are owed to nonresidents by residents of Korea. A resident is an individual or a legal entity whose main economic interest or activity is located within the territory of the country. Specifically, the criteria for defining residents and nonresidents are based on the definitions contained in the Foreign Exchange Transactions Act, which defines a resident as (i) any private person who has a domicile or residence in the Republic of Korea, (ii) any organization, agency or other equivalent entity located in the Republic of Korea including a branch office or other office of a nonresident, or (iii) any foreigner who has stayed in the Republic of Korea for more than six months. A nonresident is defined as (i) any private person or any juristic person other than a resident, (ii) any organization, agency or other equivalent entity located in a foreign country including a foreign branch office or other office of a resident, or (iii) any national of the Republic of Korea who has stayed abroad for more than two years.
Criteria used for determining whether a liability is a debt instrument or not:
Data is not revised as it is measured per unit of time.
For move information: http://ecos.bok.or.kr/jsp/use/metadata_e/MetaDataContents.jsp