South Korea vs New Zealand: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- South Korea
- New Zealand
How they compare
South Korea currently reports 160.3% against 129.7% in New Zealand, a difference of 30.6%.
That makes South Korea's figure about 1.2 times New Zealand's.
The two have swapped places 7 times across 63 shared years of data; in 1960 it was New Zealand ahead.
South Korea ranks 4th and New Zealand ranks 7th of 187 countries.
Across the 7 decades both report, South Korea averaged higher in 4 and New Zealand in 3.
Head to head by decade
| Decade | South Korea | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 14.1% | 11.8% | 2.3% | South Korea |
| 1970s | 32.6% | 14.1% | 18.5% | South Korea |
| 1980s | 41.8% | 30.4% | 11.4% | South Korea |
| 1990s | 49.0% | 88.8% | 39.9% | New Zealand |
| 2000s | 110.2% | 120.4% | 10.3% | New Zealand |
| 2010s | 129.1% | 142.2% | 13.1% | New Zealand |
| 2020s | 160.3% | 135.4% | 24.9% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, South Korea or New Zealand?
- South Korea, at 160.3% against 129.7% in New Zealand as of 2024.
- What is the difference in domestic credit to private sector by banks between South Korea and New Zealand?
- 30.6%, with South Korea ahead.
- How many years of comparable data are there for South Korea and New Zealand?
- 63 years are reported by both, from 1960 to 2024.
- How do South Korea and New Zealand rank globally for domestic credit to private sector by banks?
- South Korea ranks 4th and New Zealand ranks 7th 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.