South Korea: Household debt to GDP
* indicates monthly or quarterly data series
The most recent value is 100.5 percent as of December 2023, a decline compared to the previous value of 101.5 percent. Historically, the average for South Korea from March 2000 to December 2023 is 77.25 percent. The minimum of 49 percent was recorded in June 2000, while the maximum of 105.6 percent was reached in September 2021.
Click on the following link to see the values of: Household debt to GDP around the world.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: The Bank for International Settlements
| Recent values | South Korea: Household debt to GDP, in percent |
|---|---|
| 2023 Dec | 100.5 |
| 2023 Sep | 101.5 |
| 2023 Jun | 101.7 |
| 2023 Mar | 101.5 |
| 2022 Dec | 104.5 |
| 2022 Sep | 104.8 |
| 2022 Jun | 105.1 |
| 2022 Mar | 105 |
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Definition: The total outstanding debt of households to banks and other financial institutions as percent of GDP.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 3.6 | 2023 | percent |
| Exchange rate regimes | 7 | 2021 | index points |
| USD exchange rate | 1,333.3333 | 9/2023 | Local Currency Units per USD |
| Money supply (broad money) | 3,839,468.60 | 9/2023 | billion |
| Consumer Price Index (CPI) | 112.8500 | 9/2023 | index points |
| Inflation, monthly | 0.51 | 9/2023 | percent |
| Inflation, annual | 3.70 | 9/2023 | percent |
| Private sector credit | 3,227,684.80 | 9/2023 | billion |
| Business credit | 1,930,596.40 | 9/2023 | billion |
| Household credit | 1,297,088.40 | 9/2023 | billion |
| Mortgage credit | 659,363.10 | 9/2023 | billion |
| Consumer credit | 637,725.30 | 9/2023 | billion |
| Deposit interest rate | 3.95 | 9/2023 | percent |
| Business credit interest rate | 5.27 | 9/2023 | percent |
| Mortgage credit interest rate | 4.35 | 9/2023 | percent |
| Policy rate | 3.50 | 9/2023 | percent |
| Household debt to GDP | 101.50 | 9/2023 | percent |
| Debt service ratios for private non-financial sector | 23.80 | Q3/2023 | percent |