Loans from nonresident banks (amounts outstanding) to GDP in Korea
Korea: Loans from nonresident banks (amounts outstanding) to GDP was 13.7% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Korea, 1974–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
Korea recorded 13.7% for loans from nonresident banks (amounts outstanding) to gdp in 2021.
The figure is down 0.5% on the previous year and up 12.8% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Korea peaked at 13.8% in 1998 and was at its lowest, 0.1%, in 1975.
That places Korea 91st out of 136 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Korea, year by year
| Year | % | Change |
|---|---|---|
| 1974 | 0.1% | — |
| 1975 | 0.1% | -10.3% |
| 1976 | 0.3% | +256.6% |
| 1977 | 0.4% | +39.7% |
| 1978 | 0.5% | +7.6% |
| 1979 | 0.4% | -18.9% |
| 1980 | 0.5% | +23.3% |
| 1981 | 0.4% | -5.1% |
| 1982 | 0.4% | -5.5% |
| 1983 | 0.5% | +28.9% |
| 1984 | 1.2% | +116.0% |
| 1985 | 2.7% | +130.0% |
| 1986 | 3.3% | +24.1% |
| 1987 | 3.5% | +5.9% |
| 1988 | 2.4% | -31.2% |
| 1989 | 1.8% | -27.0% |
| 1990 | 1.6% | -9.4% |
| 1991 | 2.2% | +36.5% |
| 1992 | 2.8% | +29.5% |
| 1993 | 3.8% | +34.5% |
| 1994 | 4.2% | +10.3% |
| 1995 | 4.8% | +12.8% |
| 1996 | 7.0% | +46.5% |
| 1997 | 8.9% | +27.6% |
| 1998 | 13.8% | +55.3% |
| 1999 | 10.0% | -27.6% |
| 2000 | 8.6% | -14.1% |
| 2001 | 8.5% | -0.7% |
| 2002 | 8.4% | -1.7% |
| 2003 | 8.7% | +3.8% |
| 2004 | 8.9% | +2.7% |
| 2005 | 8.6% | -3.8% |
| 2006 | 9.2% | +6.5% |
| 2007 | 9.4% | +3.0% |
| 2008 | 10.1% | +7.3% |
| 2009 | 13.2% | +31.0% |
| 2010 | 11.7% | -11.5% |
| 2011 | 12.1% | +3.5% |
| 2012 | 12.9% | +6.3% |
| 2013 | 13.3% | +3.0% |
| 2014 | 12.5% | -5.5% |
| 2015 | 12.0% | -4.3% |
| 2016 | 11.6% | -3.5% |
| 2017 | 11.4% | -1.2% |
| 2018 | 11.6% | +1.1% |
| 2019 | 13.2% | +14.2% |
| 2020 | 13.7% | +4.0% |
| 2021 | 13.7% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | 0.1% | 0.5% | 6 |
| 1980s | 1.7% | 0.4% | 3.5% | 10 |
| 1990s | 5.9% | 1.6% | 13.8% | 10 |
| 2000s | 9.4% | 8.4% | 13.2% | 10 |
| 2010s | 12.2% | 11.4% | 13.3% | 10 |
| 2020s | 13.7% | 13.7% | 13.7% | 2 |
Countries ranked near Korea
More financial sector data for 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 loans from nonresident banks (amounts outstanding) to gdp in Korea?
- Loans from nonresident banks (amounts outstanding) to gdp in Korea was 13.7% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Korea?
- The highest recorded value was 13.8% in 1998.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Korea?
- The lowest recorded value was 0.1% in 1975.
- How does Korea rank for loans from nonresident banks (amounts outstanding) to gdp?
- Korea ranks 91st out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Korea?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.