Financial Development Index in Korea, Republic of
Korea, Republic of: Financial Development Index was 0.8316 in 2020. β² Rising
Financial Development Index in Korea, Republic of, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Korea, Republic of stood at 0.8316.
That represents a change of up 0.5% on the previous year and up 2.3% over ten years.
Over the whole period, financial development index in Korea, Republic of peaked at 0.8494 in 2012 and was at its lowest, 0.4235, in 1980.
That places Korea, Republic of 7th out of 183 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4897 | 0.4235 | 0.5683 | 10 |
| 1990s | 0.587 | 0.5205 | 0.6657 | 10 |
| 2000s | 0.7907 | 0.7421 | 0.824 | 10 |
| 2010s | 0.8324 | 0.8089 | 0.8494 | 10 |
| 2020s | 0.8316 | 0.8316 | 0.8316 | 1 |
Countries ranked near Korea, Republic of
- 4 United States 0.9076 compare
- 5 United Kingdom 0.8908 compare
- 6 Canada 0.8485 compare
- 8 Spain 0.8267 compare
- 9 France 0.801 compare
- 10 Hong Kong Special Administrative Region, People's Republic of China 0.7794 compare
More financial sector data for Korea, Republic of
- 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)
- Domestic credit to private sector by banks 160.3% (2024)
Frequently asked questions
- What is financial development index in Korea, Republic of?
- Financial development index in Korea, Republic of was 0.8316 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Korea, Republic of?
- The highest recorded value was 0.8494 in 2012.
- What is the lowest financial development index recorded in Korea, Republic of?
- The lowest recorded value was 0.4235 in 1980.
- How does Korea, Republic of rank for financial development index?
- Korea, Republic of ranks 7th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Korea, Republic of?
- Over the last ten years it is up 2.3%. The long-run trend across the full record is rising.
- Where does this Korea, Republic of data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.