South Korea: Financial institutions development, access

The latest value from 2021 is 0.661 index points, a decline from 0.669 index points in 2020. In comparison, the world average is 0.363 index points, based on data from 175 countries. Historically, the average for South Korea from 1980 to 2021 is 0.669 index points. The minimum value, 0.61 index points, was reached in 1980 while the maximum of 0.72 index points was recorded in 2008. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Measures access to financial services as a principal component of the following two variables: Bank branches per 100,000 adults and ATMs per 100,000 adults. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.