South Korea: Consumer credit
* indicates monthly or quarterly data series
The most recent value is 612581.7 billion South Korean Won as of June 2024, a decline compared to the previous value of 615011.3 billion South Korean Won. Historically, the average for South Korea from December 2006 to June 2024 is 491037.04 billion South Korean Won. The minimum of 280253.1 billion South Korean Won was recorded in January 2007, while the maximum of 696169.6 billion South Korean Won was reached in November 2021.
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* indicates monthly or quarterly data series
- Measure: billion South Korean Won
- Source: Economic Statistics System (South Korea)
| Recent values | South Korea: Consumer credit, billion currency units |
|---|---|
| 2024 Jun | 612581.7 |
| 2024 May | 615011.3 |
| 2024 Apr | 615110.9 |
| 2024 Mar | 615486.4 |
| 2024 Feb | 620250 |
| 2024 Jan | 626859.2 |
| 2023 Dec | 630636.3 |
| 2023 Nov | 635447.7 |
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Definition: Loans provided by commercial banks to households and individuals for the purchase of goods and services, excluding real estate. In billion local currency units.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 3.6 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 1,315.7894 | 9/2024 | Local Currency Units per USD |
| Money supply (broad money) | 4,040,212.40 | 6/2024 | billion |
| Consumer Price Index (CPI) | 114.6500 | 9/2024 | index points |
| Inflation, monthly | 0.10 | 9/2024 | percent |
| Inflation, annual | 1.60 | 9/2024 | percent |
| Private sector credit | 3,308,680.20 | 6/2024 | billion |
| Business credit | 1,997,732.70 | 6/2024 | billion |
| Household credit | 1,310,947.50 | 6/2024 | billion |
| Mortgage credit | 698,365.80 | 6/2024 | billion |
| Consumer credit | 612,581.70 | 6/2024 | billion |
| Deposit interest rate | 3.57 | 5/2024 | percent |
| Business credit interest rate | 4.90 | 5/2024 | percent |
| Mortgage credit interest rate | 3.91 | 5/2024 | percent |
| Policy rate | 3.50 | 8/2024 | percent |
| Household debt to GDP | 92.00 | 3/2024 | percent |
| Debt service ratios for private non-financial sector | 22.00 | Q1/2024 | percent |