Hong Kong vs South Korea: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Hong Kong
- South Korea
How they compare
Hong Kong currently reports 222.6% against 160.3% in South Korea, a difference of 62.3%.
That makes Hong Kong's figure about 1.4 times South Korea's.
Across all 35 years both countries report, Hong Kong has been ahead every year.
Hong Kong ranks 1st and South Korea ranks 4th of 187 countries.
Hong Kong has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Hong Kong | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 150.1% | 49.0% | 101.1% | Hong Kong |
| 2000s | 145.6% | 110.2% | 35.4% | Hong Kong |
| 2010s | 207.4% | 128.5% | 79.0% | Hong Kong |
| 2020s | 252.3% | 160.3% | 92.0% | Hong Kong |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Hong Kong or South Korea?
- Hong Kong, at 222.6% against 160.3% in South Korea as of 2025.
- What is the difference in domestic credit to private sector by banks between Hong Kong and South Korea?
- 62.3%, with Hong Kong ahead.
- How many years of comparable data are there for Hong Kong and South Korea?
- 35 years are reported by both, from 1990 to 2024.
- How do Hong Kong and South Korea rank globally for domestic credit to private sector by banks?
- Hong Kong ranks 1st 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.