(measure: percent; Source: The International Monetary Fund)
* indicates monthly or quarterly data series
South Korea: Real interest rate: Bank lending rate minus inflation, 1996 - 2020:
For that indicator, we provide data for South Korea from 1996 to 2020. The average value for South Korea during that period was 4.27 percent with a minimum of 0.34 percent in 2015 and a maximum of 10.76 percent in 1999.
The latest value from 2020 is 1.47 percent. For comparison, the world average in 2020 based on 95
countries is 8.14 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.