Australia vs South Korea: Monetary Sector credit to private sector (% GDP)
Monetary Sector credit to private sector (% GDP) over time
- Australia
- South Korea
How they compare
South Korea currently reports 160.3% against 133.8% in Australia, a difference of 26.5%.
That makes South Korea's figure about 1.2 times Australia's.
The two have swapped places 9 times across 65 shared years of data; in 1960 it was Australia ahead.
Australia ranks 6th and South Korea ranks 3rd of 187 countries.
Across the 7 decades both report, Australia averaged higher in 3 and South Korea in 4.
Head to head by decade
| Decade | Australia | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 21.0% | 14.5% | 6.5% | Australia |
| 1970s | 26.7% | 33.1% | 6.4% | South Korea |
| 1980s | 36.7% | 43.1% | 6.4% | South Korea |
| 1990s | 69.1% | 51.6% | 17.5% | Australia |
| 2000s | 105.4% | 110.3% | 5.0% | South Korea |
| 2010s | 131.3% | 128.5% | 2.8% | Australia |
| 2020s | 134.0% | 160.3% | 26.3% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, Australia or South Korea?
- South Korea, at 160.3% against 133.8% in Australia as of 2024.
- What is the difference in monetary sector credit to private sector between Australia and South Korea?
- 26.5%, with South Korea ahead.
- How many years of comparable data are there for Australia and South Korea?
- 65 years are reported by both, from 1960 to 2024.
- How do Australia and South Korea rank globally for monetary sector credit to private sector?
- Australia ranks 6th and South Korea ranks 3rd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Monetary Sector credit to private sector (% 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. 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.