Net domestic credit (current LCU), annual growth rate in Republic of Korea
Republic of Korea: Net domestic credit (current LCU), annual growth rate was 5.54 % change on previous year in 2024. ◆ Volatile
Latest (2024)
5.54 % change on previous year
Change on year
up 7.7%
World rank
124th
of 186 countries
All-time high
95.59 % change on previous year
in 2001
All-time low
1.89 % change on previous year
in 2003
Years of data
64
1961–2024
Net domestic credit (current LCU), annual growth rate in Republic of Korea, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net domestic credit (current lcu), annual growth rate in Republic of 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 Republic of 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 Republic of 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 Republic of 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% |
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 Republic of 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 Republic of 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 net domestic credit (current lcu), annual growth rate in Republic of Korea?
- Net domestic credit (current lcu), annual growth rate in Republic of 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 Republic of 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 Republic of Korea?
- The lowest recorded value was 1.89 % change on previous year in 2003.
- How does Republic of Korea rank for net domestic credit (current lcu), annual growth rate?
- Republic of Korea ranks 124th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 33.2%. The long-run trend across the full record is volatile.
- Where does this Republic of 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.