Total factoring volume to GDP in Korea
Korea: Total factoring volume to GDP was 1.9% in 2020. β Volatile
Total factoring volume to GDP in Korea, 2007β2020
Source: Factors Chain International. Measured in %.
Analysis
The most recent figure for total factoring volume to gdp in 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 Korea peaked at 1.9% in 2020 and was at its lowest, 0.1%, in 2007.
Korea ranks 42nd of 72 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.
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 Korea
- 39 Romania 2.5% compare
- 40 Mauritius 2.3% compare
- 41 Serbia 2.2% compare
- 43 Slovak Republic 1.9% compare
- 44 United Arab Emirates 1.7% compare
- 45 Costa Rica 1.7% compare
More financial sector data for 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)
- Domestic credit to private sector by banks 160.3% (2024)
Frequently asked questions
- What is total factoring volume to gdp in Korea?
- Total factoring volume to gdp in Korea was 1.9% in 2020, according to Factors Chain International.
- What is the highest total factoring volume to gdp recorded in Korea?
- The highest recorded value was 1.9% in 2020.
- What is the lowest total factoring volume to gdp recorded in Korea?
- The lowest recorded value was 0.1% in 2007.
- How does Korea rank for total factoring volume to gdp?
- Korea ranks 42nd out of 72 countries with data for 2020.
- Is total factoring volume to gdp rising or falling in Korea?
- Over the last ten years it is up 213.5%. The long-run trend across the full record is volatile.
- Where does this 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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CSV Β· JSON β 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP data provided by IFS and converted into USD using IFS exchange rates.