Monetary Sector credit to private sector in South Korea
South Korea: Monetary Sector credit to private sector was 160.3% in 2024. ◆ Volatile
Monetary Sector credit to private sector in South Korea, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
South Korea recorded 160.3% for monetary sector credit to private sector in 2024.
The figure is down 1.9% on the previous year and up 27.8% over ten years.
Over the whole period, monetary sector credit to private sector in South Korea peaked at 163.5% in 2023 and was at its lowest, 5.7%, in 1960.
That places South Korea 4th out of 186 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector in South Korea, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 5.7% | — |
| 1961 | 12.0% | +109.5% |
| 1962 | 12.7% | +5.6% |
| 1963 | 10.5% | -17.1% |
| 1964 | 8.8% | -16.3% |
| 1965 | 10.2% | +15.8% |
| 1966 | 11.1% | +8.8% |
| 1967 | 16.7% | +50.8% |
| 1968 | 25.3% | +51.7% |
| 1969 | 31.6% | +25.1% |
| 1970 | 32.6% | +3.0% |
| 1971 | 34.6% | +6.1% |
| 1972 | 33.9% | -2.0% |
| 1973 | 33.9% | +0.1% |
| 1974 | 35.6% | +5.1% |
| 1975 | 33.2% | -6.9% |
| 1976 | 30.3% | -8.7% |
| 1977 | 29.6% | -2.3% |
| 1978 | 32.3% | +9.1% |
| 1979 | 34.9% | +7.9% |
| 1980 | 39.7% | +13.8% |
| 1981 | 40.0% | +0.9% |
| 1982 | 43.4% | +8.3% |
| 1983 | 42.8% | -1.3% |
| 1984 | 42.3% | -1.2% |
| 1985 | 44.7% | +5.8% |
| 1986 | 44.0% | -1.7% |
| 1987 | 44.5% | +1.2% |
| 1988 | 42.6% | -4.3% |
| 1989 | 47.2% | +10.8% |
| 1990 | 49.3% | +4.3% |
| 1991 | 48.9% | -0.8% |
| 1992 | 47.4% | -3.0% |
| 1993 | 47.2% | -0.4% |
| 1994 | 47.7% | +1.2% |
| 1995 | 47.0% | -1.6% |
| 1996 | 50.1% | +6.8% |
| 1997 | 54.8% | +9.3% |
| 1998 | 59.6% | +8.8% |
| 1999 | 64.5% | +8.2% |
| 2000 | 69.2% | +7.3% |
| 2001 | 99.6% | +44.0% |
| 2002 | 108.7% | +9.1% |
| 2003 | 107.2% | -1.4% |
| 2004 | 102.0% | -4.8% |
| 2005 | 106.1% | +4.0% |
| 2006 | 117.5% | +10.8% |
| 2007 | 124.0% | +5.5% |
| 2008 | 136.2% | +9.8% |
| 2009 | 132.6% | -2.6% |
| 2010 | 124.7% | -6.0% |
| 2011 | 127.1% | +1.9% |
| 2012 | 125.1% | -1.5% |
| 2013 | 122.8% | -1.9% |
| 2014 | 125.5% | +2.2% |
| 2015 | 125.9% | +0.3% |
| 2016 | 128.0% | +1.7% |
| 2017 | 129.5% | +1.2% |
| 2018 | 133.5% | +3.1% |
| 2019 | 142.7% | +6.9% |
| 2020 | 154.7% | +8.5% |
| 2021 | 159.9% | +3.3% |
| 2022 | 162.8% | +1.8% |
| 2023 | 163.5% | +0.5% |
| 2024 | 160.3% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.5% | 5.7% | 31.6% | 10 |
| 1970s | 33.1% | 29.6% | 35.6% | 10 |
| 1980s | 43.1% | 39.7% | 47.2% | 10 |
| 1990s | 51.6% | 47.0% | 64.5% | 10 |
| 2000s | 110.3% | 69.2% | 136.2% | 10 |
| 2010s | 128.5% | 122.8% | 142.7% | 10 |
| 2020s | 160.3% | 154.7% | 163.5% | 5 |
Countries ranked near South Korea
More financial sector data for South Korea
- Total reserves in months of imports, annual growth rate 4.27 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -2.07 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1572 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 5,693 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -1.88 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 5,961 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.594 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 6,168 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in South Korea?
- Monetary sector credit to private sector in South Korea was 160.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in South Korea?
- The highest recorded value was 163.5% in 2023.
- What is the lowest monetary sector credit to private sector recorded in South Korea?
- The lowest recorded value was 5.7% in 1960.
- How does South Korea rank for monetary sector credit to private sector?
- South Korea ranks 4th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in South Korea?
- Over the last ten years it is up 27.8%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.