China vs South Korea: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- China
- South Korea
How they compare
China currently reports 194.3% against 160.3% in South Korea, a difference of 34.0%.
That makes China's figure about 1.2 times South Korea's.
The two have swapped places 2 times across 40 shared years of data; in 1985 it was China ahead.
China ranks 2nd and South Korea ranks 4th of 187 countries.
China has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | China | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 72.5% | 42.5% | 30.0% | China |
| 1990s | 91.3% | 49.0% | 42.3% | China |
| 2000s | 112.0% | 110.2% | 1.8% | China |
| 2010s | 141.4% | 128.5% | 12.9% | China |
| 2020s | 183.7% | 160.3% | 23.4% | China |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, China or South Korea?
- China, at 194.3% against 160.3% in South Korea as of 2024.
- What is the difference in domestic credit to private sector by banks between China and South Korea?
- 34.0%, with China ahead.
- How many years of comparable data are there for China and South Korea?
- 40 years are reported by both, from 1985 to 2024.
- How do China and South Korea rank globally for domestic credit to private sector by banks?
- China ranks 2nd and South Korea ranks 4th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.