Financial Institutions Efficiency Index in South Korea
South Korea: Financial Institutions Efficiency Index was 0.7164 in 2020. ▲ Rising
Financial Institutions Efficiency Index in South Korea, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in South 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 South Korea peaked at 0.7529 in 2005 and was at its lowest, 0.567, in 1980.
South 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.
Financial Institutions Efficiency Index in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.567 | — |
| 1981 | 0.5701 | +0.5% |
| 1982 | 0.5959 | +4.5% |
| 1983 | 0.5922 | -0.6% |
| 1984 | 0.5892 | -0.5% |
| 1985 | 0.6064 | +2.9% |
| 1986 | 0.6016 | -0.8% |
| 1987 | 0.5898 | -2.0% |
| 1988 | 0.5679 | -3.7% |
| 1989 | 0.5987 | +5.4% |
| 1990 | 0.6127 | +2.3% |
| 1991 | 0.6124 | -0.0% |
| 1992 | 0.6459 | +5.5% |
| 1993 | 0.6404 | -0.9% |
| 1994 | 0.6276 | -2.0% |
| 1995 | 0.6404 | +2.0% |
| 1996 | 0.6524 | +1.9% |
| 1997 | 0.6067 | -7.0% |
| 1998 | 0.5711 | -5.9% |
| 1999 | 0.5903 | +3.4% |
| 2000 | 0.6221 | +5.4% |
| 2001 | 0.7088 | +13.9% |
| 2002 | 0.7103 | +0.2% |
| 2003 | 0.6601 | -7.1% |
| 2004 | 0.7288 | +10.4% |
| 2005 | 0.7529 | +3.3% |
| 2006 | 0.737 | -2.1% |
| 2007 | 0.7374 | +0.1% |
| 2008 | 0.7364 | -0.1% |
| 2009 | 0.6543 | -11.2% |
| 2010 | 0.586 | -10.4% |
| 2011 | 0.7515 | +28.2% |
| 2012 | 0.7157 | -4.8% |
| 2013 | 0.6887 | -3.8% |
| 2014 | 0.7097 | +3.0% |
| 2015 | 0.7082 | -0.2% |
| 2016 | 0.7154 | +1.0% |
| 2017 | 0.7124 | -0.4% |
| 2018 | 0.7244 | +1.7% |
| 2019 | 0.7224 | -0.3% |
| 2020 | 0.7164 | -0.8% |
South Korea compared with similar countries
- South Korea's 0.7164 is above the median for high income countries, which is 0.612, 1.2× the median. (62 countries reporting)
- South Korea's 0.7164 is above the median for East Asia & Pacific, which is 0.6283, 1.1× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Financial Institutions Efficiency Index in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +28.2% | 0.586 | 0.7515 |
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 South Korea
More financial sector data for South 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 financial institutions efficiency index in South Korea?
- Financial institutions efficiency index in South Korea was 0.7164 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in South Korea?
- The highest recorded value was 0.7529 in 2005.
- What is the lowest financial institutions efficiency index recorded in South Korea?
- The lowest recorded value was 0.567 in 1980.
- How does South Korea rank for financial institutions efficiency index?
- South Korea ranks 17th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in South Korea?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this South 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 · JSON — 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.