East Asia & Pacific (excluding high income) vs Korea: Domestic credit to private sector by banks (% of GDP)
Domestic credit to private sector by banks (% of GDP) over time
- East Asia & Pacific (excluding high income)
- Korea
How they compare
East Asia & Pacific (excluding high income) currently reports 176.6% against 160.3% in Korea, a difference of 16.3%.
That makes East Asia & Pacific (excluding high income)'s figure about 1.1 times Korea's.
The two have swapped places 2 times across 40 shared years of data; in 1985 it was East Asia & Pacific (excluding high income) ahead.
East Asia & Pacific (excluding high income) ranks 1st and Korea ranks 3rd of 47 groups.
Across the 5 decades both report, East Asia & Pacific (excluding high income) averaged higher in 3 and Korea in 2.
Head to head by decade
| Decade | East Asia & Pacific (excluding high income) | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 60.3% | 42.5% | 17.8% | East Asia & Pacific (excluding high income) |
| 1990s | 85.1% | 49.0% | 36.1% | East Asia & Pacific (excluding high income) |
| 2000s | 97.9% | 110.2% | 12.3% | Korea |
| 2010s | 127.3% | 128.5% | 1.2% | Korea |
| 2020s | 167.6% | 160.3% | 7.3% | East Asia & Pacific (excluding high income) |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, East Asia & Pacific (excluding high income) or Korea?
- East Asia & Pacific (excluding high income), at 176.6% against 160.3% in Korea as of 2024.
- What is the difference in domestic credit to private sector by banks between East Asia & Pacific (excluding high income) and Korea?
- 16.3%, with East Asia & Pacific (excluding high income) ahead.
- How many years of comparable data are there for East Asia & Pacific (excluding high income) and Korea?
- 40 years are reported by both, from 1985 to 2024.
- How do East Asia & Pacific (excluding high income) and Korea rank globally for domestic credit to private sector by banks?
- East Asia & Pacific (excluding high income) ranks 1st and Korea ranks 3rd of 47 groups.
- 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.
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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.