South Korea: Domestic credit to the private sector
* indicates monthly or quarterly data series
| South Korea |
Domestic credit to the private sector, percent of GDP |
|---|---|
| Latest value | 164.78 |
| Year | 2020 |
| Measure | percent |
| Data availability | 1960 - 2020 |
| Average | 67.49 |
| Min - Max | 5.74 - 164.78 |
| Source | The World Bank |
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.
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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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| ATMs per 100,000 adults | 259.46 | 2020 | ATMs per 100,000 adults |
| Bank branches per 100,000 people | 13.65 | 2021 | bank branches |
| Percent people with credit cards | 68.44 | 2021 | percent |
| Percent people with debit cards | 84.01 | 2021 | percent |
| Domestic credit to the private sector | 164.78 | 2020 | percent |
| Bank credit to the private sector | 176.12 | 2023 | percent |
| Liquid liabilities, percent of GDP | 174.40 | 2021 | percent |
| Bank assets to GDP | 181.66 | 2021 | percent |
| Financial system deposits, percent of GDP | 160.39 | 2021 | percent |
| Bank credit to government | 9.00 | 2020 | percent |
| Banking system concentration | 56.31 | 2021 | percent |
| Foreign bank assets | 7.00 | 2013 | percent of total bank assets |
| Percent people with bank accounts | 98.67 | 2021 | percent |