Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in South Korea
South 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 South Korea, 2004–2024
Source: International Monetary Fund.
Analysis
South 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 South Korea peaked at 966.10 trillion in 2024 and was at its lowest, 276.33 trillion, in 2004.
That places South 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 South 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% |
South Korea compared with similar countries
- South 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)
- South 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 South Korea
More financial sector data for South 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 outstanding loans, commercial banks, of which: household sector loans in South Korea?
- Outstanding loans, commercial banks, of which: household sector loans in South 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 South 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 South Korea?
- The lowest recorded value was 276.33 trillion in 2004.
- How does South Korea rank for outstanding loans, commercial banks, of which: household sector loans?
- South 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 South Korea?
- Over the last ten years it is up 85.9%. The long-run trend across the full record is rising.
- Where does this South 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.