South Korea: Monetary freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

South Korea: Monetary freedom index (0-100)

: For that indicator, we provide data for South Korea from 1995 to 2020. The average value for South Korea during that period was 81.27 points with a minimum of 77.4 points in 2010 and a maximum of 85.2 points in 2002. The latest value from 2020 is 82.1 points. For comparison, the world average in 2020 based on 182 countries is 74.62 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Monetary Freedom index for South Korea from The Heritage Foundation reflects the stability of prices in South Korea and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.

Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.
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