South Korea: Household debt to GDP
* indicates monthly or quarterly data series
The most recent value is 91 percent as of June 2024, a decline compared to the previous value of 92 percent. Historically, the average for South Korea from March 1990 to June 2024 is 65.11 percent. The minimum of 36.8 percent was recorded in March 1990, while the maximum of 99.2 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 |
|---|---|
| 2024 Jun | 91 |
| 2024 Mar | 92 |
| 2023 Dec | 93.6 |
| 2023 Sep | 94.5 |
| 2023 Jun | 94.5 |
| 2023 Mar | 94.4 |
| 2022 Dec | 97.3 |
| 2022 Sep | 97.5 |
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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 | 2022 | index points |
| USD exchange rate | 1,315.7894 | 12/2024 | Local Currency Units per USD |
| Money supply (broad money) | 4,076,483.00 | 9/2024 | billion |
| Consumer Price Index (CPI) | 114.9100 | 12/2024 | index points |
| Inflation, monthly | 0.45 | 12/2024 | percent |
| Inflation, annual | 1.93 | 12/2024 | percent |
| Private sector credit | 3,356,377.00 | 9/2024 | billion |
| Business credit | 2,023,784.60 | 9/2024 | billion |
| Household credit | 1,332,592.40 | 9/2024 | billion |
| Mortgage credit | 720,543.80 | 9/2024 | billion |
| Consumer credit | 612,048.60 | 9/2024 | billion |
| Deposit interest rate | 3.49 | 9/2024 | percent |
| Business credit interest rate | 4.77 | 9/2024 | percent |
| Mortgage credit interest rate | 3.74 | 9/2024 | percent |
| Policy rate | 3.00 | 11/2024 | percent |
| Household debt to GDP | 91.00 | 6/2024 | percent |
| Debt service ratios for private non-financial sector | 20.50 | Q2/2024 | percent |