Bank deposits to GDP (%) in South Korea
South Korea: Bank deposits to GDP (%) was 160.4% in 2021. ◆ Volatile
Bank deposits to GDP in South Korea, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
South Korea recorded 160.4% for bank deposits to gdp in 2021. That is the highest value across all 62 years on record.
The figure is up 5.1% on the previous year and up 141.2% over ten years.
Over the whole period, bank deposits to gdp in South Korea peaked at 160.4% in 2021 and was at its lowest, 5.3%, in 1964.
That places South Korea 8th out of 185 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP (%) in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 5.3% | — |
| 1961 | 7.4% | +39.2% |
| 1962 | 9.2% | +24.1% |
| 1963 | 7.0% | -24.1% |
| 1964 | 5.3% | -24.2% |
| 1965 | 7.9% | +50.1% |
| 1966 | 10.7% | +34.7% |
| 1967 | 15.0% | +40.4% |
| 1968 | 21.1% | +40.8% |
| 1969 | 27.3% | +29.7% |
| 1970 | 27.7% | +1.3% |
| 1971 | 27.5% | -0.8% |
| 1972 | 29.5% | +7.5% |
| 1973 | 30.5% | +3.2% |
| 1974 | 25.8% | -15.4% |
| 1975 | 25.0% | -3.2% |
| 1976 | 24.4% | -2.4% |
| 1977 | 26.5% | +8.8% |
| 1978 | 26.0% | -2.0% |
| 1979 | 25.5% | -2.0% |
| 1980 | 26.8% | +5.3% |
| 1981 | 27.5% | +2.6% |
| 1982 | 30.4% | +10.5% |
| 1983 | 29.4% | -3.2% |
| 1984 | 27.6% | -6.3% |
| 1985 | 28.7% | +4.2% |
| 1986 | 29.4% | +2.3% |
| 1987 | 29.6% | +0.7% |
| 1988 | 30.1% | +1.6% |
| 1989 | 31.8% | +5.8% |
| 1990 | 30.9% | -2.8% |
| 1991 | 31.3% | +1.3% |
| 1992 | 31.7% | +1.0% |
| 1993 | 31.9% | +0.8% |
| 1994 | 32.3% | +1.2% |
| 1995 | 31.8% | -1.7% |
| 1996 | 33.2% | +4.6% |
| 1997 | 34.7% | +4.4% |
| 1998 | 45.5% | +31.3% |
| 1999 | 52.4% | +15.2% |
| 2000 | 60.7% | +15.7% |
| 2001 | 63.5% | +4.7% |
| 2002 | 63.6% | +0.1% |
| 2003 | 63.7% | +0.2% |
| 2004 | 58.2% | -8.6% |
| 2005 | 56.9% | -2.3% |
| 2006 | 56.3% | -1.1% |
| 2007 | 52.2% | -7.2% |
| 2008 | 57.3% | +9.8% |
| 2009 | 61.2% | +6.7% |
| 2010 | 64.4% | +5.3% |
| 2011 | 66.5% | +3.3% |
| 2012 | 67.2% | +1.1% |
| 2013 | 118.2% | +75.7% |
| 2014 | 121.9% | +3.2% |
| 2015 | 124.2% | +1.9% |
| 2016 | 126.9% | +2.2% |
| 2017 | 125.7% | -1.0% |
| 2018 | 130.1% | +3.5% |
| 2019 | 140.5% | +8.0% |
| 2020 | 152.6% | +8.6% |
| 2021 | 160.4% | +5.1% |
South Korea compared with similar countries
- South Korea's 160.4% is above the median for high income countries, which is 91.2%, 1.8× the median. (61 countries reporting)
- South Korea's 160.4% is above the median for East Asia & Pacific, which is 81.6%, 2.0× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Bank deposits to GDP (%) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +75.7% | 67.2% | 118.2% |
| 1965 | +50.1% | 5.3% | 7.9% |
| 1968 | +40.8% | 15.0% | 21.1% |
| 1967 | +40.4% | 10.7% | 15.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 11.6% | 5.3% | 27.3% | 10 |
| 1970s | 26.8% | 24.4% | 30.5% | 10 |
| 1980s | 29.1% | 26.8% | 31.8% | 10 |
| 1990s | 35.6% | 30.9% | 52.4% | 10 |
| 2000s | 59.4% | 52.2% | 63.7% | 10 |
| 2010s | 108.6% | 64.4% | 140.5% | 10 |
| 2020s | 156.5% | 152.6% | 160.4% | 2 |
Countries ranked near South Korea
More financial sector data for South Korea
- Reserve position in the IMF, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 58.67 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.21 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 42.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.29 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 58.67 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.21 % change on previous year (2025)
Frequently asked questions
- What is bank deposits to gdp in South Korea?
- Bank deposits to gdp in South Korea was 160.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in South Korea?
- The highest recorded value was 160.4% in 2021.
- What is the lowest bank deposits to gdp recorded in South Korea?
- The lowest recorded value was 5.3% in 1964.
- How does South Korea rank for bank deposits to gdp?
- South Korea ranks 8th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in South Korea?
- Over the last ten years it is up 141.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).