Broad money growth in Republic of Korea
Republic of Korea: Broad money growth was 6.6% in 2024. ◆ Volatile
Broad money growth in Republic of Korea, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
Republic of Korea recorded 6.6% for broad money growth in 2024.
The figure is up 68.3% on the previous year and down 19.6% over ten years.
Over the whole period, broad money growth in Republic of Korea peaked at 85.2% in 2001 and was at its lowest, 3.0%, in 2003.
Republic of Korea ranks 116th of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth in Republic of Korea, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 45.9% | — |
| 1962 | 25.3% | -44.9% |
| 1963 | 7.3% | -71.2% |
| 1964 | 14.8% | +102.9% |
| 1965 | 52.6% | +255.4% |
| 1966 | 61.7% | +17.2% |
| 1967 | 61.7% | +0.1% |
| 1968 | 72.4% | +17.2% |
| 1969 | 61.0% | -15.7% |
| 1970 | 27.4% | -55.0% |
| 1971 | 20.8% | -24.0% |
| 1972 | 33.8% | +62.2% |
| 1973 | 36.4% | +7.7% |
| 1974 | 24.0% | -34.0% |
| 1975 | 28.2% | +17.5% |
| 1976 | 33.5% | +18.6% |
| 1977 | 39.7% | +18.6% |
| 1978 | 35.0% | -11.9% |
| 1979 | 24.6% | -29.7% |
| 1980 | 26.9% | +9.4% |
| 1981 | 25.0% | -7.0% |
| 1982 | 27.0% | +7.9% |
| 1983 | 15.2% | -43.6% |
| 1984 | 7.7% | -49.4% |
| 1985 | 15.6% | +102.8% |
| 1986 | 18.4% | +18.0% |
| 1987 | 19.1% | +3.3% |
| 1988 | 21.5% | +12.8% |
| 1989 | 19.8% | -7.8% |
| 1990 | 17.2% | -13.3% |
| 1991 | 21.9% | +27.4% |
| 1992 | 14.9% | -31.7% |
| 1993 | 16.6% | +11.0% |
| 1994 | 18.7% | +12.6% |
| 1995 | 15.6% | -16.5% |
| 1996 | 15.8% | +1.5% |
| 1997 | 14.1% | -10.6% |
| 1998 | 27.0% | +91.1% |
| 1999 | 27.4% | +1.3% |
| 2000 | 25.4% | -7.1% |
| 2001 | 85.2% | +235.1% |
| 2002 | 14.0% | -83.6% |
| 2003 | 3.0% | -78.7% |
| 2004 | 6.3% | +111.6% |
| 2005 | 7.0% | +10.8% |
| 2006 | 12.5% | +79.0% |
| 2007 | 10.8% | -13.5% |
| 2008 | 12.0% | +10.5% |
| 2009 | 9.9% | -17.3% |
| 2010 | 6.0% | -39.5% |
| 2011 | 5.5% | -8.4% |
| 2012 | 4.8% | -12.2% |
| 2013 | 4.6% | -3.5% |
| 2014 | 8.1% | +75.6% |
| 2015 | 8.2% | +0.6% |
| 2016 | 7.1% | -13.0% |
| 2017 | 5.1% | -28.3% |
| 2018 | 6.7% | +31.6% |
| 2019 | 7.9% | +17.5% |
| 2020 | 9.8% | +24.4% |
| 2021 | 12.9% | +31.7% |
| 2022 | 4.0% | -69.1% |
| 2023 | 3.9% | -2.7% |
| 2024 | 6.6% | +68.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 44.7% | 7.3% | 72.4% | 9 |
| 1970s | 30.4% | 20.8% | 39.7% | 10 |
| 1980s | 19.6% | 7.7% | 27.0% | 10 |
| 1990s | 18.9% | 14.1% | 27.4% | 10 |
| 2000s | 18.6% | 3.0% | 85.2% | 10 |
| 2010s | 6.4% | 4.6% | 8.2% | 10 |
| 2020s | 7.4% | 3.9% | 12.9% | 5 |
Countries ranked near Republic of Korea
More financial sector data for Republic of Korea
- Net domestic credit (current LCU), per capita 96.84 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 2,672 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 5.54 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 117.53 million SDR (2025)
- Gold reserves at market value 10.71 billion SDR (2025)
- Reserves excluding gold, foreign exchange 294.26 billion SDR (2025)
- Reserves excluding gold 308.07 billion SDR (2025)
- Total reserves (gold at market value) 318.78 billion SDR (2025)
- Total reserves (gold at national valuation) 311.57 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is broad money growth in Republic of Korea?
- Broad money growth in Republic of Korea was 6.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Republic of Korea?
- The highest recorded value was 85.2% in 2001.
- What is the lowest broad money growth recorded in Republic of Korea?
- The lowest recorded value was 3.0% in 2003.
- How does Republic of Korea rank for broad money growth?
- Republic of Korea ranks 116th out of 166 countries with data for 2024.
- Is broad money growth rising or falling in Republic of Korea?
- Over the last ten years it is down 19.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.