Lending Rate, Percent per annum in South Korea
South Korea: Lending Rate, Percent per annum was 4.19 in 2025. ▼ Falling
Lending Rate, Percent per annum in South Korea, 1996–2025
Source: International Monetary Fund.
Analysis
The most recent figure for lending rate, percent per annum in South Korea is 4.19, measured in 2025.
The figure is down 11.3% on the previous year and up 18.7% over ten years.
Over the whole period, lending rate, percent per annum in South Korea peaked at 15.28 in 1998 and was at its lowest, 2.8, in 2020.
South Korea ranks 134th of 144 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Lending Rate, Percent per annum in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1996 | 11.06 | — |
| 1997 | 11.88 | +7.3% |
| 1998 | 15.28 | +28.6% |
| 1999 | 9.4 | -38.5% |
| 2000 | 8.54 | -9.1% |
| 2001 | 7.71 | -9.8% |
| 2002 | 6.77 | -12.2% |
| 2003 | 6.24 | -7.9% |
| 2004 | 5.9 | -5.3% |
| 2005 | 5.59 | -5.3% |
| 2006 | 5.99 | +7.0% |
| 2007 | 6.55 | +9.4% |
| 2008 | 7.17 | +9.4% |
| 2009 | 5.65 | -21.2% |
| 2010 | 5.51 | -2.4% |
| 2011 | 5.76 | +4.5% |
| 2012 | 5.4 | -6.3% |
| 2013 | 4.64 | -13.9% |
| 2014 | 4.26 | -8.2% |
| 2015 | 3.53 | -17.1% |
| 2016 | 3.37 | -4.7% |
| 2017 | 3.48 | +3.2% |
| 2018 | 3.66 | +5.3% |
| 2019 | 3.45 | -5.9% |
| 2020 | 2.8 | -18.7% |
| 2021 | 2.88 | +2.9% |
| 2022 | 4.29 | +48.8% |
| 2023 | 5.19 | +20.9% |
| 2024 | 4.73 | -8.9% |
| 2025 | 4.19 | -11.3% |
South Korea compared with similar countries
- South Korea's 4.19 is below the median for high income countries, which is 5.18, 81% of the median. (37 countries reporting)
- South Korea's 4.19 is below the median for East Asia & Pacific, which is 5.48, 77% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9 | 9.4 | 15.28 | 4 |
| 2000s | 6.61 | 5.59 | 8.54 | 10 |
| 2010s | 4.31 | 3.37 | 5.76 | 10 |
| 2020s | 4.01 | 2.8 | 5.19 | 6 |
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 lending rate, percent per annum in South Korea?
- Lending rate, percent per annum in South Korea was 4.19 in 2025, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in South Korea?
- The highest recorded value was 15.28 in 1998.
- What is the lowest lending rate, percent per annum recorded in South Korea?
- The lowest recorded value was 2.8 in 2020.
- How does South Korea rank for lending rate, percent per annum?
- South Korea ranks 134th out of 144 countries with data for 2025.
- Is lending rate, percent per annum rising or falling in South Korea?
- Over the last ten years it is up 18.7%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.