South Korea: Financial institutions development
* indicates monthly or quarterly data series
| South Korea |
Financial institutions development |
|---|---|
| Latest value | 0.852 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.715 |
| Min - Max | 0.595 - 0.854 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.852 index points, a decline from 0.854 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for South Korea from 1980 to 2021 is 0.715 index points. The minimum value, 0.595 index points, was reached in 1980 while the maximum of 0.854 index points was recorded in 2020.
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Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| 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 |