Loans from nonresident banks (net) to GDP in Republic of Korea
Republic of Korea: Loans from nonresident banks (net) to GDP was 0.2% in 2021. ◆ Volatile
Loans from nonresident banks (net) to GDP in Republic of Korea, 1974–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (net) to gdp in Republic of Korea stood at 0.2%.
The figure is up 230.3% on the previous year and down 40.5% over ten years.
Over the whole period, loans from nonresident banks (net) to gdp in Republic of Korea peaked at 0.9% in 1996 and was at its lowest, -0.8%, in 2008.
That places Republic of Korea 46th out of 98 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 (net) to GDP in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 1974 | 0.1% | — |
| 1976 | 0.1% | +37.6% |
| 1977 | 0.1% | -10.6% |
| 1980 | 0.1% | -39.9% |
| 1981 | -0.1% | -178.2% |
| 1983 | 0.1% | -245.9% |
| 1984 | 0.4% | +352.5% |
| 1985 | 0.4% | +19.7% |
| 1986 | 0.1% | -75.9% |
| 1987 | 0.0% | -68.4% |
| 1988 | 0.0% | -11.0% |
| 1989 | 0.1% | +123.6% |
| 1990 | -0.0% | -169.8% |
| 1991 | 0.2% | -429.9% |
| 1992 | 0.3% | +63.7% |
| 1993 | 0.6% | +145.1% |
| 1994 | 0.1% | -90.7% |
| 1995 | 0.2% | +319.2% |
| 1996 | 0.9% | +261.6% |
| 1997 | 0.0% | -97.7% |
| 1998 | -0.2% | -1066.8% |
| 1999 | 0.1% | -146.9% |
| 2000 | -0.1% | -203.2% |
| 2001 | 0.2% | -339.0% |
| 2002 | 0.4% | +92.4% |
| 2003 | 0.1% | -72.1% |
| 2004 | 0.1% | +5.9% |
| 2005 | 0.6% | +350.2% |
| 2006 | 0.3% | -42.9% |
| 2007 | 0.2% | -53.1% |
| 2008 | -0.8% | -602.3% |
| 2009 | -0.2% | -68.9% |
| 2010 | 0.2% | -188.8% |
| 2011 | 0.4% | +90.7% |
| 2012 | -0.3% | -167.3% |
| 2013 | 0.7% | -345.2% |
| 2014 | 0.5% | -26.7% |
| 2015 | -0.3% | -162.6% |
| 2016 | -0.2% | -45.8% |
| 2017 | 0.2% | -227.3% |
| 2018 | -0.1% | -157.1% |
| 2019 | 0.3% | -349.2% |
| 2020 | -0.2% | -161.3% |
| 2021 | 0.2% | -230.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.1% | 0.1% | 0.1% | 3 |
| 1980s | 0.1% | -0.1% | 0.4% | 9 |
| 1990s | 0.2% | -0.2% | 0.9% | 10 |
| 2000s | 0.1% | -0.8% | 0.6% | 10 |
| 2010s | 0.1% | -0.3% | 0.7% | 10 |
| 2020s | 0.0% | -0.2% | 0.2% | 2 |
Countries ranked near Republic of Korea
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)
- Total reserves (gold at national valuation) (SDR), per capita 6,028 SDR per person (2025)
Frequently asked questions
- What is loans from nonresident banks (net) to gdp in Republic of Korea?
- Loans from nonresident banks (net) to gdp in Republic of Korea was 0.2% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (net) to gdp recorded in Republic of Korea?
- The highest recorded value was 0.9% in 1996.
- What is the lowest loans from nonresident banks (net) to gdp recorded in Republic of Korea?
- The lowest recorded value was -0.8% in 2008.
- How does Republic of Korea rank for loans from nonresident banks (net) to gdp?
- Republic of Korea ranks 46th out of 98 countries with data for 2021.
- Is loans from nonresident banks (net) to gdp rising or falling in Republic of Korea?
- Over the last ten years it is down 40.5%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (net) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of net 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 12A (Net Issues): International debt securities - all issuers.