Korea vs Middle income: Domestic credit to private sector by banks (% of GDP)
Domestic credit to private sector by banks (% of GDP) over time
- Korea
- Middle income
How they compare
Korea currently reports 160.3% against 120.0% in Middle income, a difference of 40.3%.
That makes Korea's figure about 1.3 times Middle income's.
The two have swapped places 7 times across 64 shared years of data; in 1961 it was Middle income ahead.
Korea ranks 3rd and Middle income ranks 6th of 187 countries.
Korea has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Korea | Middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 15.1% | 14.1% | 1.1% | Korea |
| 1970s | 32.6% | 23.1% | 9.5% | Korea |
| 1980s | 41.8% | 32.1% | 9.7% | Korea |
| 1990s | 49.0% | 43.8% | 5.1% | Korea |
| 2000s | 110.2% | 53.4% | 56.8% | Korea |
| 2010s | 128.5% | 85.5% | 43.0% | Korea |
| 2020s | 160.3% | 116.3% | 43.9% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Korea or Middle income?
- Korea, at 160.3% against 120.0% in Middle income as of 2024.
- What is the difference in domestic credit to private sector by banks between Korea and Middle income?
- 40.3%, with Korea ahead.
- How many years of comparable data are there for Korea and Middle income?
- 64 years are reported by both, from 1961 to 2024.
- How do Korea and Middle income rank globally for domestic credit to private sector by banks?
- Korea ranks 3rd and Middle income ranks 6th 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.