Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Korea
Korea: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 966.10 trillion in 2024. ▲ Rising
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Korea, 2004–2024
Source: International Monetary Fund.
Analysis
Korea recorded 966.10 trillion for outstanding loans, commercial banks, of which: household sector loans in 2024. That is the highest value across all 21 years on record.
The figure is up 5.5% on the previous year and up 85.9% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Korea peaked at 966.10 trillion in 2024 and was at its lowest, 276.33 trillion, in 2004.
That places Korea 2nd out of 134 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 276.33 trillion | — |
| 2005 | 305.51 trillion | +10.6% |
| 2006 | 346.22 trillion | +13.3% |
| 2007 | 363.68 trillion | +5.0% |
| 2008 | 388.57 trillion | +6.8% |
| 2009 | 409.50 trillion | +5.4% |
| 2010 | 431.46 trillion | +5.4% |
| 2011 | 455.86 trillion | +5.7% |
| 2012 | 467.27 trillion | +2.5% |
| 2013 | 481.13 trillion | +3.0% |
| 2014 | 519.64 trillion | +8.0% |
| 2015 | 563.73 trillion | +8.5% |
| 2016 | 617.42 trillion | +9.5% |
| 2017 | 660.68 trillion | +7.0% |
| 2018 | 713.09 trillion | +7.9% |
| 2019 | 767.72 trillion | +7.7% |
| 2020 | 849.87 trillion | +10.7% |
| 2021 | 910.11 trillion | +7.1% |
| 2022 | 902.58 trillion | -0.8% |
| 2023 | 915.96 trillion | +1.5% |
| 2024 | 966.10 trillion | +5.5% |
Korea compared with similar countries
- Korea's 966.10 trillion is above the median for high income countries, which is 248.79 billion, 3883.2× the median. (52 countries reporting)
- Korea's 966.10 trillion is above the median for East Asia & Pacific, which is 299.94 billion, 3220.9× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 348.30 trillion | 276.33 trillion | 409.50 trillion | 6 |
| 2010s | 567.80 trillion | 431.46 trillion | 767.72 trillion | 10 |
| 2020s | 908.92 trillion | 849.87 trillion | 966.10 trillion | 5 |
Countries ranked near Korea
More financial sector data for 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 outstanding loans, commercial banks, of which: household sector loans in Korea?
- Outstanding loans, commercial banks, of which: household sector loans in Korea was 966.10 trillion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Korea?
- The highest recorded value was 966.10 trillion in 2024.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Korea?
- The lowest recorded value was 276.33 trillion in 2004.
- How does Korea rank for outstanding loans, commercial banks, of which: household sector loans?
- Korea ranks 2nd out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Korea?
- Over the last ten years it is up 85.9%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.