Financial Institutions Efficiency Index in Korea
Korea: Financial Institutions Efficiency Index was 0.7164 in 2020. β² Rising
Financial Institutions Efficiency Index in Korea, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Korea stood at 0.7164.
That represents a change of down 0.8% on the previous year and up 22.2% over ten years.
Over the whole period, financial institutions efficiency index in Korea peaked at 0.7529 in 2005 and was at its lowest, 0.567, in 1980.
Korea ranks 17th of 183 countries on this measure, 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 | 0.5879 | 0.567 | 0.6064 | 10 |
| 1990s | 0.62 | 0.5711 | 0.6524 | 10 |
| 2000s | 0.7048 | 0.6221 | 0.7529 | 10 |
| 2010s | 0.7035 | 0.586 | 0.7515 | 10 |
| 2020s | 0.7164 | 0.7164 | 0.7164 | 1 |
Countries ranked near Korea
More financial sector data for 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 efficiency index in Korea?
- Financial institutions efficiency index in Korea was 0.7164 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Korea?
- The highest recorded value was 0.7529 in 2005.
- What is the lowest financial institutions efficiency index recorded in Korea?
- The lowest recorded value was 0.567 in 1980.
- How does Korea rank for financial institutions efficiency index?
- Korea ranks 17th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Korea?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency 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.