Claims on central government, etc. in South Korea
South Korea: Claims on central government, etc. was 3.4% in 2024. ◆ Volatile
Claims on central government, etc. in South Korea, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
South Korea recorded 3.4% for claims on central government, etc. in 2024. That is the highest value across all 65 years on record.
That represents a change of up 77.1% on the previous year and up 804.2% over ten years.
Over the whole period, claims on central government, etc. in South Korea peaked at 3.4% in 2024 and was at its lowest, -6.5%, in 2007.
That places South Korea 136th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government, etc. in South Korea, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 2.7% | — |
| 1961 | 0.8% | -68.9% |
| 1962 | 2.2% | +163.3% |
| 1963 | 1.6% | -28.1% |
| 1964 | 0.5% | -66.6% |
| 1965 | 0.3% | -41.6% |
| 1966 | -0.6% | -303.0% |
| 1967 | -0.7% | +2.9% |
| 1968 | -1.7% | +158.1% |
| 1969 | -2.3% | +39.0% |
| 1970 | -2.8% | +21.7% |
| 1971 | -2.8% | -3.2% |
| 1972 | -0.3% | -88.7% |
| 1973 | 0.1% | -121.9% |
| 1974 | 1.5% | +2106.6% |
| 1975 | 3.1% | +104.6% |
| 1976 | 2.1% | -32.9% |
| 1977 | 1.0% | -50.6% |
| 1978 | 1.0% | +1.4% |
| 1979 | 0.4% | -59.9% |
| 1980 | 1.3% | +212.1% |
| 1981 | 2.9% | +121.1% |
| 1982 | 3.0% | +6.2% |
| 1983 | 2.2% | -27.0% |
| 1984 | 1.9% | -15.5% |
| 1985 | 1.7% | -7.8% |
| 1986 | 1.5% | -12.3% |
| 1987 | 0.1% | -93.2% |
| 1988 | -1.4% | -1441.6% |
| 1989 | -2.5% | +76.7% |
| 1990 | -2.7% | +11.7% |
| 1991 | -2.0% | -28.3% |
| 1992 | -1.9% | -4.3% |
| 1993 | -2.2% | +16.9% |
| 1994 | -2.6% | +18.0% |
| 1995 | -3.1% | +19.8% |
| 1996 | -3.2% | +1.6% |
| 1997 | -3.6% | +13.1% |
| 1998 | -3.2% | -11.4% |
| 1999 | -2.7% | -13.2% |
| 2000 | -3.0% | +11.2% |
| 2001 | -3.6% | +17.2% |
| 2002 | -4.1% | +14.3% |
| 2003 | -4.3% | +5.4% |
| 2004 | -2.3% | -46.9% |
| 2005 | -2.6% | +12.0% |
| 2006 | -3.2% | +23.6% |
| 2007 | -6.5% | +103.8% |
| 2008 | -6.3% | -2.1% |
| 2009 | -4.5% | -28.0% |
| 2010 | -3.7% | -18.4% |
| 2011 | -4.3% | +15.8% |
| 2012 | -2.5% | -42.7% |
| 2013 | -1.5% | -39.9% |
| 2014 | -0.5% | -67.7% |
| 2015 | -0.4% | -6.5% |
| 2016 | -0.2% | -46.5% |
| 2017 | -1.2% | +402.5% |
| 2018 | -2.2% | +86.5% |
| 2019 | -2.0% | -12.8% |
| 2020 | -1.2% | -37.5% |
| 2021 | -0.6% | -52.8% |
| 2022 | 0.1% | -124.2% |
| 2023 | 1.9% | +1263.1% |
| 2024 | 3.4% | +77.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.3% | -2.3% | 2.7% | 10 |
| 1970s | 0.3% | -2.8% | 3.1% | 10 |
| 1980s | 1.1% | -2.5% | 3.0% | 10 |
| 1990s | -2.7% | -3.6% | -1.9% | 10 |
| 2000s | -4.0% | -6.5% | -2.3% | 10 |
| 2010s | -1.9% | -4.3% | -0.2% | 10 |
| 2020s | 0.7% | -1.2% | 3.4% | 5 |
Countries ranked near South Korea
More financial sector data for South 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 claims on central government, etc. in South Korea?
- Claims on central government, etc. in South Korea was 3.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government, etc. recorded in South Korea?
- The highest recorded value was 3.4% in 2024.
- What is the lowest claims on central government, etc. recorded in South Korea?
- The lowest recorded value was -6.5% in 2007.
- How does South Korea rank for claims on central government, etc.?
- South Korea ranks 136th out of 186 countries with data for 2024.
- Is claims on central government, etc. rising or falling in South Korea?
- Over the last ten years it is up 804.2%. 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 database, International Monetary Fund (IMF), published as part of Claims on central government, etc. (% GDP). Statizoid updates them automatically from the source API.
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About this data
Claims on central government include loans to central government institutions net of deposits. 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.