South Korea: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 South Korea

Financial institutions development, efficiency

 Latest value 0.718
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.649
 Min - Max 0.560 - 0.741
 Source International Monetary Fund
The latest value from 2021 is 0.718 index points, an increase from 0.703 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for South Korea from 1980 to 2021 is 0.649 index points. The minimum value, 0.56 index points, was reached in 1980 while the maximum of 0.741 index points was recorded in 2005. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
South Korea - Financial institutions development, efficiency - Recent values chart

Historical series
South Korea - Financial institutions development, efficiency - historical chart - 1980-2021




Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 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
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