South Korea: Financial development

* indicates monthly or quarterly data series
 South Korea

Financial development

 Latest value 0.818
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.685
 Min - Max 0.424 - 0.853
 Source International Monetary Fund
The latest value from 2021 is 0.818 index points, a decline from 0.837 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for South Korea from 1980 to 2021 is 0.685 index points. The minimum value, 0.424 index points, was reached in 1980 while the maximum of 0.853 index points was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent data
South Korea - Financial development - Recent values chart

Historical series
South Korea - Financial development - historical chart - 1980-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Financial development 0.818 2021 index points
 Financial institutions development 0.852 2021 index points
 Financial institutions development, depth 0.859 2021 index points
 Financial institutions development, access 0.661 2021 index points
 Financial institutions development, efficiency 0.718 2021 index points
 Financial markets development 0.752 2021 index points
 Financial markets development, depth 0.773 2021 index points
 Financial markets development, access 0.447 2021 index points
 Financial markets development, efficiency 1.000 2021 index points
This site uses cookies.
Learn more here


OK