South Korea vs Upper middle income: Monetary Sector credit to private sector (% GDP)
Monetary Sector credit to private sector (% GDP) over time
- South Korea
- Upper middle income
How they compare
South Korea currently reports 160.3% against 136.9% in Upper middle income, a difference of 23.4%.
That makes South Korea's figure about 1.2 times Upper middle income's.
The two have swapped places 7 times across 60 shared years of data; in 1965 it was Upper middle income ahead.
South Korea ranks 3rd and Upper middle income ranks 5th of 187 countries.
Across the 7 decades both report, South Korea averaged higher in 6 and Upper middle income in 1.
Head to head by decade
| Decade | South Korea | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 19.0% | 19.2% | 0.2% | Upper middle income |
| 1970s | 33.1% | 30.5% | 2.6% | South Korea |
| 1980s | 43.1% | 40.4% | 2.7% | South Korea |
| 1990s | 51.6% | 50.3% | 1.4% | South Korea |
| 2000s | 110.3% | 59.5% | 50.8% | South Korea |
| 2010s | 128.5% | 96.7% | 31.7% | South Korea |
| 2020s | 160.3% | 134.2% | 26.1% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher monetary sector credit to private sector, South Korea or Upper middle income?
- South Korea, at 160.3% against 136.9% in Upper middle income as of 2024.
- What is the difference in monetary sector credit to private sector between South Korea and Upper middle income?
- 23.4%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Upper middle income?
- 60 years are reported by both, from 1965 to 2024.
- How do South Korea and Upper middle income rank globally for monetary sector credit to private sector?
- South Korea ranks 3rd and Upper middle income ranks 5th 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.