Loans from nonresident banks (amounts outstanding) to GDP (%) in South Korea
South Korea: Loans from nonresident banks (amounts outstanding) to GDP (%) was 13.7% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in South Korea, 1974–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
South 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 South Korea peaked at 13.8% in 1998 and was at its lowest, 0.1%, in 1975.
That places South 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 South 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% |
South Korea compared with similar countries
- South Korea's 13.7% is below the median for high income countries, which is 39.7%, 34% of the median. (62 countries reporting)
- South Korea's 13.7% is below the median for East Asia & Pacific, which is 13.9%, 99% of the median. (18 countries reporting)
Biggest year-on-year movements
Years where Loans from nonresident banks (amounts outstanding) to GDP (%) 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 |
|---|---|---|---|
| 1976 | +256.6% | 0.1% | 0.3% |
| 1985 | +130.0% | 1.2% | 2.7% |
| 1984 | +116.0% | 0.5% | 1.2% |
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 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 loans from nonresident banks (amounts outstanding) to gdp in South Korea?
- Loans from nonresident banks (amounts outstanding) to gdp in South 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 South Korea?
- The highest recorded value was 13.8% in 1998.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in South Korea?
- The lowest recorded value was 0.1% in 1975.
- How does South Korea rank for loans from nonresident banks (amounts outstanding) to gdp?
- South Korea ranks 91st out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in South Korea?
- Over the last ten years it is up 12.8%. The long-run trend across the full record is volatile.
- Where does this South 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.