Financial Institutions Access Index in Republic of Korea
Republic of Korea: Financial Institutions Access Index was 0.662 in 2020. β² Rising
Financial Institutions Access Index in Republic of Korea, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions access index in Republic of Korea is 0.662, measured in 2020.
The figure is down 1.2% on the previous year and down 6.1% over ten years.
Over the whole period, financial institutions access index in Republic of Korea peaked at 0.7108 in 2008 and was at its lowest, 0.6056, in 1980.
That places Republic of Korea 26th out of 183 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6137 | 0.6056 | 0.6205 | 10 |
| 1990s | 0.6474 | 0.6248 | 0.6775 | 10 |
| 2000s | 0.6963 | 0.6794 | 0.7108 | 10 |
| 2010s | 0.6902 | 0.6702 | 0.7064 | 10 |
| 2020s | 0.662 | 0.662 | 0.662 | 1 |
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)
- Domestic credit to private sector by banks 160.3% (2024)
Frequently asked questions
- What is financial institutions access index in Republic of Korea?
- Financial institutions access index in Republic of Korea was 0.662 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Republic of Korea?
- The highest recorded value was 0.7108 in 2008.
- What is the lowest financial institutions access index recorded in Republic of Korea?
- The lowest recorded value was 0.6056 in 1980.
- How does Republic of Korea rank for financial institutions access index?
- Republic of Korea ranks 26th out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Republic of Korea?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access 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.