Financial Institutions Index in Republic of Korea
Republic of Korea: Financial Institutions Index was 0.8546 in 2020. β² Rising
Financial Institutions Index in Republic of Korea, 1980β2020
Source: International Monetary Fund.
Analysis
Republic of Korea recorded 0.8546 for financial institutions index in 2020. That is the highest value across all 41 years on record.
That represents a change of up 1.6% on the previous year and up 11.6% over ten years.
Over the whole period, financial institutions index in Republic of Korea peaked at 0.8546 in 2020 and was at its lowest, 0.5946, in 1980.
That places Republic of Korea 8th 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 | 0.6089 | 0.5946 | 0.6212 | 10 |
| 1990s | 0.6447 | 0.6275 | 0.6669 | 10 |
| 2000s | 0.7591 | 0.6822 | 0.8048 | 10 |
| 2010s | 0.8082 | 0.7659 | 0.8408 | 10 |
| 2020s | 0.8546 | 0.8546 | 0.8546 | 1 |
Countries ranked near Republic of Korea
- 5 Australia 0.8972 compare
- 6 Luxembourg 0.8879 compare
- 7 United States of America 0.884 compare
- 9 Macau, China 0.8519 compare
- 10 France 0.8332 compare
- 11 Spain 0.8103 compare
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 index in Republic of Korea?
- Financial institutions index in Republic of Korea was 0.8546 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in Republic of Korea?
- The highest recorded value was 0.8546 in 2020.
- What is the lowest financial institutions index recorded in Republic of Korea?
- The lowest recorded value was 0.5946 in 1980.
- How does Republic of Korea rank for financial institutions index?
- Republic of Korea ranks 8th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in Republic of Korea?
- Over the last ten years it is up 11.6%. 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 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.