South Korea: Private sector credit

* indicates monthly or quarterly data series
 South Korea

Private sector credit, billion currency units

 Latest value 3245682.7
 Reference December 2023
 Measure billion South Korean Won
 Data availability December 2001 - December 2023
 Average 1688279.34
 Min - Max 567030.3 - 3260362.7
 Source Korean Economic Statistics System
For that indicator, we provide data for South Korea from December 2001 to December 2023. The average value for South Korea during that period was 1688279.34 billion South Korean Won with a minimum of 567030.3 billion South Korean Won in December 2001 and a maximum of 3260362.7 billion South Korean Won in November 2023. Click on the following link to see the values of Private sector credit, billion currency units around the world.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Private sector credit - recent values

Historical chart
South Korea - Private sector credit - historical chart - 2001-2023
Measure: billion South Korean Won
Source: Korean Economic Statistics System


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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

 Related indicators Latest value Reference Measure
 Inflation 5.1 2022 percent
 Money supply (broad money) 3,839,468.60 9/2023 billion
 Consumer Price Index (CPI) 112.8300 9/2023 index points
 Inflation, monthly 0.49 9/2023 percent
 Inflation, annual 3.68 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 104.80 9/2022 percent
 Debt service ratios for private non-financial sector 22.20 Q3/2022 percent
 USD exchange rate 1,333.3333 9/2023 Local Currency Units per USD
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