South Korea: Domestic credit to the private sector

The latest value from 2020 is 164.78 percent, an increase from 151.26 percent in 2019. In comparison, the world average is 61.27 percent, based on data from 151 countries. Historically, the average for South Korea from 1960 to 2020 is 67.49 percent. The minimum value, 5.74 percent, was reached in 1960 while the maximum of 164.78 percent was recorded in 2020. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: 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.