Total factoring volume to GDP (%) in South Korea
South Korea: Total factoring volume to GDP (%) was 1.9% in 2020. ◆ Volatile
Total factoring volume to GDP in South Korea, 2007–2020
Source: Factors Chain International. Measured in %.
Analysis
The most recent figure for total factoring volume to gdp in South Korea is 1.9%, measured in 2020. That is the highest value across all 14 years on record.
That represents a change of up 4.9% on the previous year and up 213.5% over ten years.
Over the whole period, total factoring volume to gdp in South Korea peaked at 1.9% in 2020 and was at its lowest, 0.1%, in 2007.
South Korea ranks 43rd of 73 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total factoring volume to GDP (%) in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2007 | 0.1% | — |
| 2008 | 0.1% | +13.0% |
| 2009 | 0.5% | +243.9% |
| 2010 | 0.6% | +35.9% |
| 2011 | 0.9% | +52.1% |
| 2012 | 0.9% | -7.7% |
| 2013 | 1.2% | +43.9% |
| 2014 | 1.0% | -16.3% |
| 2015 | 1.0% | -6.5% |
| 2016 | 1.0% | +2.2% |
| 2017 | 1.0% | -2.7% |
| 2018 | 1.7% | +76.0% |
| 2019 | 1.8% | +7.9% |
| 2020 | 1.9% | +4.9% |
South Korea compared with similar countries
- South Korea's 1.9% is below the median for high income countries, which is 5.9%, 33% of the median. (44 countries reporting)
- South Korea's 1.9% is above the median for East Asia & Pacific, which is 1.8%, 1.1× the median. (10 countries reporting)
Biggest year-on-year movements
Years where Total factoring volume to GDP (%) 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 |
|---|---|---|---|
| 2009 | +243.9% | 0.1% | 0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2% | 0.1% | 0.5% | 3 |
| 2010s | 1.1% | 0.6% | 1.8% | 10 |
| 2020s | 1.9% | 1.9% | 1.9% | 1 |
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 total factoring volume to gdp in South Korea?
- Total factoring volume to gdp in South Korea was 1.9% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in South Korea?
- The highest recorded value was 1.9% in 2020.
- What is the lowest total factoring volume to gdp recorded in South Korea?
- The lowest recorded value was 0.1% in 2007.
- How does South Korea rank for total factoring volume to gdp?
- South Korea ranks 43rd out of 73 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in South Korea?
- Over the last ten years it is up 213.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Factors Chain International, published as part of Total factoring volume to GDP (%). Statizoid updates them automatically from the source API.
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About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.