Net domestic credit (current LCU), annual growth rate in South Korea
South Korea: Net domestic credit (current LCU), annual growth rate was 5.54 % change on previous year in 2024. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in South Korea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net domestic credit (current lcu), annual growth rate in South Korea stood at 5.54 % change on previous year.
That represents a change of up 7.7% on the previous year and down 33.2% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in South Korea peaked at 95.59 % change on previous year in 2001 and was at its lowest, 1.89 % change on previous year, in 2003.
That places South Korea 124th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 83.53 % change on previous year | — |
| 1962 | 40.73 % change on previous year | -51.2% |
| 1963 | 15.21 % change on previous year | -62.6% |
| 1964 | 9.92 % change on previous year | -34.8% |
| 1965 | 26.58 % change on previous year | +168.1% |
| 1966 | 27.72 % change on previous year | +4.3% |
| 1967 | 89.57 % change on previous year | +223.1% |
| 1968 | 89.81 % change on previous year | +0.3% |
| 1969 | 62.29 % change on previous year | -30.6% |
| 1970 | 28.28 % change on previous year | -54.6% |
| 1971 | 31.75 % change on previous year | +12.3% |
| 1972 | 31.13 % change on previous year | -1.9% |
| 1973 | 31.33 % change on previous year | +0.6% |
| 1974 | 57.74 % change on previous year | +84.3% |
| 1975 | 32.94 % change on previous year | -43.0% |
| 1976 | 21.89 % change on previous year | -33.6% |
| 1977 | 23.33 % change on previous year | +6.6% |
| 1978 | 46.03 % change on previous year | +97.3% |
| 1979 | 35.42 % change on previous year | -23.0% |
| 1980 | 41.88 % change on previous year | +18.2% |
| 1981 | 31.17 % change on previous year | -25.6% |
| 1982 | 25.01 % change on previous year | -19.7% |
| 1983 | 15.69 % change on previous year | -37.3% |
| 1984 | 13.21 % change on previous year | -15.8% |
| 1985 | 18.02 % change on previous year | +36.4% |
| 1986 | 14.42 % change on previous year | -20.0% |
| 1987 | 15.98 % change on previous year | +10.8% |
| 1988 | 10.82 % change on previous year | -32.3% |
| 1989 | 22.97 % change on previous year | +112.4% |
| 1990 | 25.54 % change on previous year | +11.2% |
| 1991 | 21.96 % change on previous year | -14.0% |
| 1992 | 11.5 % change on previous year | -47.6% |
| 1993 | 12.42 % change on previous year | +8.1% |
| 1994 | 18.47 % change on previous year | +48.7% |
| 1995 | 14.08 % change on previous year | -23.8% |
| 1996 | 20.09 % change on previous year | +42.7% |
| 1997 | 21.2 % change on previous year | +5.5% |
| 1998 | 11.36 % change on previous year | -46.4% |
| 1999 | 17.78 % change on previous year | +56.6% |
| 2000 | 17.9 % change on previous year | +0.7% |
| 2001 | 95.59 % change on previous year | +433.9% |
| 2002 | 15.99 % change on previous year | -83.3% |
| 2003 | 1.89 % change on previous year | -88.2% |
| 2004 | 2.14 % change on previous year | +13.2% |
| 2005 | 8.47 % change on previous year | +296.2% |
| 2006 | 15.96 % change on previous year | +88.5% |
| 2007 | 11.94 % change on previous year | -25.2% |
| 2008 | 17.05 % change on previous year | +42.8% |
| 2009 | 3.36 % change on previous year | -80.3% |
| 2010 | 5.46 % change on previous year | +62.5% |
| 2011 | 6.81 % change on previous year | +24.7% |
| 2012 | 5.17 % change on previous year | -24.1% |
| 2013 | 3.75 % change on previous year | -27.5% |
| 2014 | 8.29 % change on previous year | +121.4% |
| 2015 | 7.63 % change on previous year | -8.0% |
| 2016 | 7.29 % change on previous year | -4.4% |
| 2017 | 5.66 % change on previous year | -22.3% |
| 2018 | 7.13 % change on previous year | +25.9% |
| 2019 | 9.06 % change on previous year | +27.1% |
| 2020 | 9.46 % change on previous year | +4.4% |
| 2021 | 11.69 % change on previous year | +23.6% |
| 2022 | 7.44 % change on previous year | -36.4% |
| 2023 | 5.14 % change on previous year | -30.8% |
| 2024 | 5.54 % change on previous year | +7.7% |
South Korea compared with similar countries
- South Korea's 5.54 % change on previous year is above the median for high income countries, which is 3.69 % change on previous year, 1.5× the median. (61 countries reporting)
- South Korea's 5.54 % change on previous year is above the median for East Asia & Pacific, which is 5.35 % change on previous year, 1.0× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), annual growth rate 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 |
|---|---|---|---|
| 2001 | +433.9% | 17.9 % change on previous year | 95.59 % change on previous year |
| 2005 | +296.2% | 2.14 % change on previous year | 8.47 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 49.49 % change on previous year | 9.92 % change on previous year | 89.81 % change on previous year | 9 |
| 1970s | 33.98 % change on previous year | 21.89 % change on previous year | 57.74 % change on previous year | 10 |
| 1980s | 20.92 % change on previous year | 10.82 % change on previous year | 41.88 % change on previous year | 10 |
| 1990s | 17.44 % change on previous year | 11.36 % change on previous year | 25.54 % change on previous year | 10 |
| 2000s | 19.03 % change on previous year | 1.89 % change on previous year | 95.59 % change on previous year | 10 |
| 2010s | 6.62 % change on previous year | 3.75 % change on previous year | 9.06 % change on previous year | 10 |
| 2020s | 7.86 % change on previous year | 5.14 % change on previous year | 11.69 % change on previous year | 5 |
Countries ranked near South Korea
- 121 Aruba 5.89 % change on previous year compare
- 122 Cambodia 5.62 % change on previous year compare
- 123 El Salvador 5.6 % change on previous year compare
- 125 Azerbaijan 5.42 % change on previous year compare
- 126 Malaysia 5.16 % change on previous year compare
- 127 Poland 4.83 % change on previous year compare
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 net domestic credit (current lcu), annual growth rate in South Korea?
- Net domestic credit (current lcu), annual growth rate in South Korea was 5.54 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in South Korea?
- The highest recorded value was 95.59 % change on previous year in 2001.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in South Korea?
- The lowest recorded value was 1.89 % change on previous year in 2003.
- How does South Korea rank for net domestic credit (current lcu), annual growth rate?
- South Korea ranks 124th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 33.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.