Korea, Rep.: Monetary sector credit to private sector (% of GDP)

Key figures

What the numbers say

In 2024, Korea, Rep.'s monetary sector credit to private sector (% of GDP) fell 3.17 percentage points on 2023 (from 163.52% to 160.35%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +3.88 percentage points and a typical year strayed about 6.98 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 30.42 percentage points in 2001 and the biggest yearly fall was 7.92 percentage points in 2010. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 4.95 percentage points a year. A straight line explains 91% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Korea, Rep. had the 2nd highest value of the 46 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Korea, Rep. in the 2024 ranking

• China — 1st of 46: 194.31%
• Denmark — 3rd of 46: 144.06%
• Sweden — 4th of 46: 125.29%
• United Kingdom — 5th of 46: 112.37%

What this measures

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 65 values

Monetary sector credit to private sector (% of GDP) in nearby economies

• Australia — 133.79% (2025)
• Brunei Darussalam — 39.07% (2025)
• Cambodia — 120.68% (2025)
• China — 194.31% (2024)
• Fiji — 78.29% (2025)
• Hong Kong SAR, China — 222.65% (2025)
• Indonesia — 31.82% (2025)
• Japan — 114.82% (2025)
• Macao SAR, China — 117.05% (2025)
• Malaysia

More financial sector data for Korea, Rep.

• Consumer price index (2010 = 100) — 135 (2025)
• Inflation, consumer prices (annual % growth) — 2.12% (2025)
• GDP deflator (base year varies by country) — 115.03 (2025)
• DEC alternative conversion factor (LCU per US$) — US$1,422 (2025)
• Official exchange rate (LCU per US$, period average) — US$1,422 (2025)
• Domestic credit to private sector by banks (% of GDP) — 160.35% (2024)
• Net domestic credit (current LCU) — 5,011.73 trillion (2024)
• Net foreign assets (current LCU) — 627.85 trillion (2024)
• Broad money (current LCU) — 4,160.36 trillion (2024)
• Broad money (% of GDP)

Reading data like this

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Questions people ask

What is Korea, Rep.'s monetary sector credit to private sector (% of GDP)?

160.35% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 154.63 percentage points from 5.72% in 1960. The highest value was 163.52% in 2023 and the lowest 5.72% in 1960.

How does Korea, Rep. rank?

2nd highest of 46 economies with data for 2024.

Is the latest change in monetary sector credit to private sector (% of GDP) unusual for Korea, Rep.?

In 2024, Korea, Rep.'s monetary sector credit to private sector (% of GDP) fell 3.17 percentage points on 2023 (from 163.52% to 160.35%). Across the 30 yearly changes before that (1994 to 2023), the average change was +3.88 percentage points and a typical year strayed about 6.98 percentage points from that (the standard deviation). This year's change was 1.0 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator FM.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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