South Korea vs Norway: Domestic credit to private sector (% of GDP) (World Development)
South Korea
164.8%
in 2020
Norway
166.0%
in 2020
South Korea rank
7th
Norway rank
6th
Domestic credit to private sector (% of GDP) (World Development) over time
- South Korea
- Norway
How they compare
Norway currently reports 166.0% against 164.8% in South Korea, a difference of 1.2%.
The two have swapped places 3 times across 20 shared years of data; in 2001 it was South Korea ahead.
South Korea ranks 7th and Norway ranks 6th of 187 countries.
Across the 3 decades both report, South Korea averaged higher in 1 and Norway in 2.
Head to head by decade
| Decade | South Korea | Norway | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 119.4% | 107.9% | 11.5% | South Korea |
| 2010s | 134.9% | 135.7% | 0.8% | Norway |
| 2020s | 164.8% | 166.0% | 1.2% | Norway |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, South Korea or Norway?
- Norway, at 166.0% against 164.8% in South Korea as of 2020.
- What is the difference in domestic credit to private sector between South Korea and Norway?
- 1.2%, with Norway ahead.
- How many years of comparable data are there for South Korea and Norway?
- 20 years are reported by both, from 2001 to 2020.
- How do South Korea and Norway rank globally for domestic credit to private sector?
- South Korea ranks 7th and Norway ranks 6th of 187 countries.
- Where does this data come from?
- World Development Indicators (WDI), World Bank, published as Domestic credit to private sector (% 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 refers to financial resources provided to the private sector, 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.