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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Central Government Debt (% of GDP) fell to 47.81 Percent in December 2024
World BankYearlyReleased December 2024
South Korea Central Government Debt (% of GDP) fell to 47.81 Percent in December 2024, down 0.74 Percent from November's 48.55 Percent reading.
Latest Release
47.814143
Actual
—
Consensus
48.554380
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Central Government Debt (% of GDP) (South Korea) was reported at 47.81 Percent in December 2024. The reading fell from the previous value of 48.55 Percent. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The trailing three releases averaged 47.99 Percent, up from the prior three at 42.43 Percent.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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Central Government Debt (% of GDP) - KR
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About Central Government Debt (% of GDP) — South Korea
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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