South Korea: Consumer credit
* indicates monthly or quarterly data series
The most recent value is 618320.5 billion South Korean Won as of December 2024, an increase compared to the previous value of 614454.7 billion South Korean Won. Historically, the average for South Korea from December 2006 to December 2024 is 494430.76 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 Dec | 618320.5 |
| 2024 Nov | 614454.7 |
| 2024 Oct | 613381.6 |
| 2024 Sep | 611314.4 |
| 2024 Aug | 612902.6 |
| 2024 Jul | 612284.9 |
| 2024 Jun | 612581.7 |
| 2024 May | 615011.3 |
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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 | 2022 | index points |
| USD exchange rate | 1,315.7894 | 3/2025 | Local Currency Units per USD |
| Money supply (broad money) | 4,157,036.90 | 12/2024 | billion |
| Consumer Price Index (CPI) | 116.2900 | 3/2025 | index points |
| Inflation, monthly | 0.18 | 3/2025 | percent |
| Inflation, annual | 2.05 | 3/2025 | percent |
| Private sector credit | 3,376,941.60 | 12/2024 | billion |
| Business credit | 2,030,772.20 | 12/2024 | billion |
| Household credit | 1,346,169.40 | 12/2024 | billion |
| Mortgage credit | 727,848.90 | 12/2024 | billion |
| Consumer credit | 618,320.50 | 12/2024 | billion |
| Deposit interest rate | 3.30 | 12/2024 | percent |
| Business credit interest rate | 4.62 | 12/2024 | percent |
| Mortgage credit interest rate | 4.25 | 12/2024 | percent |
| Policy rate | 2.75 | 2/2025 | percent |
| Household debt to GDP | 90.70 | 9/2024 | percent |
| Debt service ratios for private non-financial sector | 20.30 | Q3/2024 | percent |