Claims on private sector in Korea
Korea: Claims on private sector was 4.1% in 2024. ◆ Volatile
Claims on private sector in Korea, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
The most recent figure for claims on private sector in Korea is 4.1%, measured in 2024.
Compared with earlier readings it is down 0.6% on the previous year and down 37.9% over ten years.
Over the whole period, claims on private sector in Korea peaked at 83.0% in 1968 and was at its lowest, 1.8%, in 2009.
Korea ranks 100th of 167 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.
Claims on private sector in Korea, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1961 | 77.7% | — |
| 1962 | 24.8% | -68.1% |
| 1963 | 15.8% | -36.2% |
| 1964 | 19.2% | +21.3% |
| 1965 | 31.1% | +62.2% |
| 1966 | 34.7% | +11.7% |
| 1967 | 65.1% | +87.3% |
| 1968 | 83.0% | +27.6% |
| 1969 | 62.7% | -24.4% |
| 1970 | 30.2% | -51.8% |
| 1971 | 31.4% | +3.8% |
| 1972 | 24.1% | -23.1% |
| 1973 | 30.1% | +24.7% |
| 1974 | 48.6% | +61.4% |
| 1975 | 28.1% | -42.1% |
| 1976 | 28.6% | +1.5% |
| 1977 | 27.2% | -4.7% |
| 1978 | 45.3% | +66.2% |
| 1979 | 40.7% | -10.0% |
| 1980 | 46.1% | +13.2% |
| 1981 | 33.7% | -26.9% |
| 1982 | 32.4% | -3.8% |
| 1983 | 22.2% | -31.5% |
| 1984 | 18.5% | -16.9% |
| 1985 | 25.9% | +40.2% |
| 1986 | 21.4% | -17.2% |
| 1987 | 27.4% | +27.6% |
| 1988 | 20.6% | -24.6% |
| 1989 | 33.8% | +64.0% |
| 1990 | 36.1% | +6.8% |
| 1991 | 29.5% | -18.3% |
| 1992 | 16.3% | -44.8% |
| 1993 | 18.6% | +14.2% |
| 1994 | 26.8% | +44.2% |
| 1995 | 21.5% | -19.9% |
| 1996 | 27.4% | +27.6% |
| 1997 | 29.5% | +7.4% |
| 1998 | 12.1% | -58.8% |
| 1999 | 24.5% | +102.0% |
| 2000 | 21.9% | -10.7% |
| 2001 | 63.5% | +189.9% |
| 2002 | 20.2% | -68.3% |
| 2003 | 5.3% | -73.6% |
| 2004 | 3.5% | -34.7% |
| 2005 | 9.9% | +184.5% |
| 2006 | 16.9% | +71.2% |
| 2007 | 15.5% | -8.5% |
| 2008 | 18.2% | +17.2% |
| 2009 | 1.8% | -89.9% |
| 2010 | 3.5% | +93.0% |
| 2011 | 7.3% | +106.1% |
| 2012 | 2.4% | -67.1% |
| 2013 | 2.5% | +3.4% |
| 2014 | 6.6% | +167.9% |
| 2015 | 6.5% | -2.4% |
| 2016 | 6.9% | +7.0% |
| 2017 | 6.6% | -5.2% |
| 2018 | 6.9% | +4.3% |
| 2019 | 8.6% | +24.8% |
| 2020 | 9.4% | +9.9% |
| 2021 | 11.5% | +22.1% |
| 2022 | 6.3% | -44.9% |
| 2023 | 4.2% | -34.4% |
| 2024 | 4.1% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 46.0% | 15.8% | 83.0% | 9 |
| 1970s | 33.4% | 24.1% | 48.6% | 10 |
| 1980s | 28.2% | 18.5% | 46.1% | 10 |
| 1990s | 24.2% | 12.1% | 36.1% | 10 |
| 2000s | 17.7% | 1.8% | 63.5% | 10 |
| 2010s | 5.8% | 2.4% | 8.6% | 10 |
| 2020s | 7.1% | 4.1% | 11.5% | 5 |
Countries ranked near Korea
- 97 Bangladesh 4.6% compare
- 98 Gabon 4.3% compare
- 99 Saint Vincent and the Grenadines 4.2% compare
- 101 Cape Verde 4.1% compare
- 102 Saint Kitts and Nevis 4.1% compare
- 103 Seychelles 3.9% compare
More financial sector data for 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 claims on private sector in Korea?
- Claims on private sector in Korea was 4.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on private sector recorded in Korea?
- The highest recorded value was 83.0% in 1968.
- What is the lowest claims on private sector recorded in Korea?
- The lowest recorded value was 1.8% in 2009.
- How does Korea rank for claims on private sector?
- Korea ranks 100th out of 167 countries with data for 2024.
- Is claims on private sector rising or falling in Korea?
- Over the last ten years it is down 37.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on private sector (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. 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 represents the annual percentage growth in the ratio of claims to broad money.