Financial Institutions Index in South Korea
South Korea: Financial Institutions Index was 0.8546 in 2020. ▲ Rising
Financial Institutions Index in South Korea, 1980–2020
Source: International Monetary Fund.
Analysis
South 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 South Korea peaked at 0.8546 in 2020 and was at its lowest, 0.5946, in 1980.
That places South 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.
Financial Institutions Index in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.5946 | — |
| 1981 | 0.5964 | +0.3% |
| 1982 | 0.6137 | +2.9% |
| 1983 | 0.6113 | -0.4% |
| 1984 | 0.6093 | -0.3% |
| 1985 | 0.6212 | +2.0% |
| 1986 | 0.6179 | -0.5% |
| 1987 | 0.6102 | -1.3% |
| 1988 | 0.5968 | -2.2% |
| 1989 | 0.6177 | +3.5% |
| 1990 | 0.6277 | +1.6% |
| 1991 | 0.6275 | -0.0% |
| 1992 | 0.6376 | +1.6% |
| 1993 | 0.64 | +0.4% |
| 1994 | 0.6363 | -0.6% |
| 1995 | 0.6435 | +1.1% |
| 1996 | 0.6536 | +1.6% |
| 1997 | 0.6625 | +1.4% |
| 1998 | 0.6511 | -1.7% |
| 1999 | 0.6669 | +2.4% |
| 2000 | 0.6822 | +2.3% |
| 2001 | 0.7448 | +9.2% |
| 2002 | 0.7607 | +2.1% |
| 2003 | 0.7232 | -4.9% |
| 2004 | 0.7525 | +4.1% |
| 2005 | 0.7622 | +1.3% |
| 2006 | 0.787 | +3.3% |
| 2007 | 0.8048 | +2.3% |
| 2008 | 0.7878 | -2.1% |
| 2009 | 0.7862 | -0.2% |
| 2010 | 0.7659 | -2.6% |
| 2011 | 0.7984 | +4.2% |
| 2012 | 0.8024 | +0.5% |
| 2013 | 0.7976 | -0.6% |
| 2014 | 0.8076 | +1.3% |
| 2015 | 0.8108 | +0.4% |
| 2016 | 0.8156 | +0.6% |
| 2017 | 0.8209 | +0.6% |
| 2018 | 0.8221 | +0.1% |
| 2019 | 0.8408 | +2.3% |
| 2020 | 0.8546 | +1.6% |
South Korea compared with similar countries
- South Korea's 0.8546 is above the median for high income countries, which is 0.601, 1.4× the median. (62 countries reporting)
- South Korea's 0.8546 is above the median for East Asia & Pacific, which is 0.4123, 2.1× the median. (29 countries reporting)
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 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 index in South Korea?
- Financial institutions index in South Korea was 0.8546 in 2020, according to International Monetary Fund.
- What is the highest financial institutions index recorded in South Korea?
- The highest recorded value was 0.8546 in 2020.
- What is the lowest financial institutions index recorded in South Korea?
- The lowest recorded value was 0.5946 in 1980.
- How does South Korea rank for financial institutions index?
- South Korea ranks 8th out of 183 countries with data for 2020.
- Is financial institutions index rising or falling in South Korea?
- Over the last ten years it is up 11.6%. 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 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.