Korea, Rep.'s net domestic credit (current LCU) was 5,011.73 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 107.8% from 2,411.82 trillion in 2014 (7.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5,011.73 trillion | 2024 |
| Five years earlier | 3,438.18 trillion | 2019 |
| Ten years earlier | 2,411.82 trillion | 2014 |
| Highest | 5,011.73 trillion | 2024 |
| Lowest | 21.18 billion | 1960 |
| Average since 2015 | 3,715.76 trillion | 2015–2024 |
| First recorded | 21.18 billion |
What the numbers say
In 2024, Korea, Rep.'s net domestic credit (current LCU) rose 5.5% on 2023 (from 4,748.54 trillion to 5,011.73 trillion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +13.1% and a typical year strayed about 16.6% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 95.6% in 2001. 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 283.85 trillion a year. A straight line explains 99% 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.
A straight-line projection, tested first
Extending that straight line gives about 5,710.45 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 429.17 trillion, against 555.23 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Korea, Rep. had the 1st highest value of the 40 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
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 65 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2024 | 5,011,734,994,400,000 |
| 2023 | 4,748,541,747,000,000 |
| 2022 | 4,516,218,344,000,000 |
| 2021 | 4,203,605,375,000,000 |
| 2020 | 3,763,475,100,700,000 |
| 2019 | 3,438,183,052,600,000 |
| 2018 | 3,152,474,497,900,000 |
| 2017 | 2,942,654,580,000,000 |
| 2016 | 2,784,967,784,100,000 |
| 2015 | 2,595,775,287,700,000 |
Net domestic credit (current LCU) in nearby economies
- Australia — 5.96 trillion (2025)
- Brunei Darussalam — 6.91 billion (2025)
- Cambodia — 224.95 trillion (2025)
- China — 353.25 trillion (2024)
- Fiji — 12.36 billion (2025)
- Hong Kong SAR, China — 8.18 trillion (2025)
- Indonesia — 11,424.3 trillion (2025)
- Japan — 1,834.69 trillion (2025)
- Macao SAR, China — 171.42 billion (2025)
- Malaysia — 2.96 trillion (2025)
- Micronesia, Fed. Sts.
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 foreign assets (current LCU) — 627.85 trillion (2024)
- Monetary sector credit to private sector (% of GDP) — 160.35% (2024)
- Broad money (current LCU) — 4,160.36 trillion (2024)
Reading data like this
Questions people ask
- What is Korea, Rep.'s net domestic credit (current LCU)?
- 5,011.73 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 23.66 million% from 21.18 billion in 1960 (21.33% a year on average, compounded). The highest value was 5,011.73 trillion in 2024 and the lowest 21.18 billion in 1960.
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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