Services, Credit/Revenue in South Korea
South Korea: Services, Credit/Revenue was 138.95 billion in 2024. ▲ Rising
Services, Credit/Revenue in South Korea, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, credit/revenue in South Korea is 138.95 billion, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 10.6% on the previous year and up 24.2% over ten years.
Over the whole period, services, credit/revenue in South Korea peaked at 138.95 billion in 2024 and was at its lowest, 50.54 billion, in 2005.
That places South Korea 17th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 50.54 billion | — |
| 2006 | 57.01 billion | +12.8% |
| 2007 | 71.41 billion | +25.3% |
| 2008 | 91.05 billion | +27.5% |
| 2009 | 72.54 billion | -20.3% |
| 2010 | 82.95 billion | +14.3% |
| 2011 | 90.56 billion | +9.2% |
| 2012 | 103.13 billion | +13.9% |
| 2013 | 103.32 billion | +0.2% |
| 2014 | 111.90 billion | +8.3% |
| 2015 | 97.50 billion | -12.9% |
| 2016 | 94.81 billion | -2.8% |
| 2017 | 89.70 billion | -5.4% |
| 2018 | 103.68 billion | +15.6% |
| 2019 | 103.84 billion | +0.2% |
| 2020 | 89.60 billion | -13.7% |
| 2021 | 119.95 billion | +33.9% |
| 2022 | 131.64 billion | +9.7% |
| 2023 | 125.67 billion | -4.5% |
| 2024 | 138.95 billion | +10.6% |
South Korea compared with similar countries
- South Korea's 138.95 billion is above the median for high income countries, which is 24.52 billion, 5.7× the median. (72 countries reporting)
- South Korea's 138.95 billion is above the median for East Asia & Pacific, which is 1.60 billion, 86.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 68.51 billion | 50.54 billion | 91.05 billion | 5 |
| 2010s | 98.14 billion | 82.95 billion | 111.90 billion | 10 |
| 2020s | 121.16 billion | 89.60 billion | 138.95 billion | 5 |
Countries ranked near South Korea
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 services, credit/revenue in South Korea?
- Services, credit/revenue in South Korea was 138.95 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in South Korea?
- The highest recorded value was 138.95 billion in 2024.
- What is the lowest services, credit/revenue recorded in South Korea?
- The lowest recorded value was 50.54 billion in 2005.
- How does South Korea rank for services, credit/revenue?
- South Korea ranks 17th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in South Korea?
- Over the last ten years it is up 24.2%. 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 Services, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.