South Korea: Monetary freedom

The latest value from 2024 is 77.3 points, a decline from 81.4 points in 2023. In comparison, the world average is 67.58 points, based on data from 174 countries. Historically, the average for South Korea from 1995 to 2024 is 81.38 points. The minimum value, 77.3 points, was reached in 2024 while the maximum of 85.2 points was recorded in 2002. See the global rankings for that indicator or use the country comparator to compare trends over time.

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.