Domestic credit to private sector in Korea
Korea: Domestic credit to private sector was 164.8% in 2020. ◆ Volatile
Domestic credit to private sector in Korea, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Korea recorded 164.8% for domestic credit to private sector in 2020. That is the highest value across all 61 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 26.7% over ten years.
Over the whole period, domestic credit to private sector in Korea peaked at 164.8% in 2020 and was at its lowest, 5.7%, in 1960.
That places Korea 7th out of 187 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 5.7% | — |
| 1961 | 12.0% | +109.6% |
| 1962 | 12.7% | +5.6% |
| 1963 | 10.5% | -17.1% |
| 1964 | 8.8% | -16.3% |
| 1965 | 10.2% | +15.9% |
| 1966 | 11.1% | +8.9% |
| 1967 | 16.8% | +50.9% |
| 1968 | 25.5% | +51.6% |
| 1969 | 31.9% | +25.2% |
| 1970 | 32.9% | +3.0% |
| 1971 | 34.9% | +6.3% |
| 1972 | 34.3% | -1.9% |
| 1973 | 34.4% | +0.3% |
| 1974 | 36.2% | +5.3% |
| 1975 | 33.7% | -6.9% |
| 1976 | 30.8% | -8.7% |
| 1977 | 30.1% | -2.2% |
| 1978 | 32.8% | +9.1% |
| 1979 | 35.4% | +8.0% |
| 1980 | 40.4% | +13.9% |
| 1981 | 40.8% | +1.0% |
| 1982 | 44.2% | +8.4% |
| 1983 | 43.7% | -1.2% |
| 1984 | 43.3% | -1.0% |
| 1985 | 45.8% | +6.0% |
| 1986 | 45.2% | -1.4% |
| 1987 | 45.8% | +1.5% |
| 1988 | 43.9% | -4.2% |
| 1989 | 48.6% | +10.8% |
| 1990 | 50.8% | +4.4% |
| 1991 | 50.4% | -0.8% |
| 1992 | 48.9% | -2.9% |
| 1993 | 48.8% | -0.3% |
| 1994 | 49.3% | +1.2% |
| 1995 | 48.6% | -1.5% |
| 1996 | 51.9% | +6.7% |
| 1997 | 56.7% | +9.2% |
| 1998 | 61.8% | +9.0% |
| 1999 | 66.8% | +8.2% |
| 2000 | 71.7% | +7.3% |
| 2001 | 103.2% | +43.9% |
| 2002 | 112.7% | +9.1% |
| 2003 | 111.1% | -1.4% |
| 2004 | 105.9% | -4.7% |
| 2005 | 110.3% | +4.2% |
| 2006 | 122.2% | +10.8% |
| 2007 | 129.1% | +5.7% |
| 2008 | 141.9% | +9.9% |
| 2009 | 138.1% | -2.7% |
| 2010 | 130.0% | -5.8% |
| 2011 | 132.5% | +1.9% |
| 2012 | 130.7% | -1.4% |
| 2013 | 128.5% | -1.7% |
| 2014 | 131.6% | +2.4% |
| 2015 | 132.1% | +0.4% |
| 2016 | 134.8% | +2.0% |
| 2017 | 136.5% | +1.2% |
| 2018 | 141.2% | +3.4% |
| 2019 | 151.3% | +7.2% |
| 2020 | 164.8% | +8.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.5% | 5.7% | 31.9% | 10 |
| 1970s | 33.5% | 30.1% | 36.2% | 10 |
| 1980s | 44.2% | 40.4% | 48.6% | 10 |
| 1990s | 53.4% | 48.6% | 66.8% | 10 |
| 2000s | 114.6% | 71.7% | 141.9% | 10 |
| 2010s | 134.9% | 128.5% | 151.3% | 10 |
| 2020s | 164.8% | 164.8% | 164.8% | 1 |
Countries ranked near Korea
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 domestic credit to private sector in Korea?
- Domestic credit to private sector in Korea was 164.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Korea?
- The highest recorded value was 164.8% in 2020.
- What is the lowest domestic credit to private sector recorded in Korea?
- The lowest recorded value was 5.7% in 1960.
- How does Korea rank for domestic credit to private sector?
- Korea ranks 7th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Korea?
- Over the last ten years it is up 26.7%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.