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South Korea Private Credit (% GDP)

South Korea's private credit (% GDP) rose to 176.12% in 2023, up from 174.97% in 2022, according to World Bank. This represents an increase of 1.15% from the previous year. South Korea has the 5th highest private credit (% GDP). Other top countries are Hong Kong, United States, Japan and China.

Yearly Historical Data (1960-2023)

(in %)
Year Private Credit (% GDP)
2023 176.12%
2022 174.97%
2021 170.82%
2020 164.14%
2019 151.26%
2018 141.16%
2017 136.49%
2016 134.83%
2015 132.14%
2014 131.56%
2013 128.49%
2012 130.75%
2011 132.54%
2010 130.04%
2009 138.09%
2008 141.95%
2007 129.14%
2006 122.22%
2005 110.3%
2004 105.86%
2003 111.12%
2002 112.65%
2001 103.23%
2000 71.75%
1999 66.85%
1998 61.78%
1997 56.67%
1996 51.87%
1995 48.61%
1994 49.34%
1993 48.76%
1992 48.92%
1991 50.36%
1990 50.77%
1989 48.64%
1988 43.89%
1987 45.83%
1986 45.16%
1985 45.83%
1984 43.25%
1983 43.71%
1982 44.23%
1981 40.79%
1980 40.37%
1979 35.45%
1978 32.82%
1977 30.08%
1976 30.77%
1975 33.7%
1974 36.2%
1973 34.37%
1972 34.28%
1971 34.94%
1970 32.87%
1969 31.92%
1968 25.5%
1967 16.82%
1966 11.14%
1965 10.23%
1964 8.83%
1963 10.55%
1962 12.71%
1961 12.04%
1960 5.74%
South Korea Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for South Korea.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 5.3% 1.8% Dec'24
Debt to GDP Ratio 46.8% 45.5% Dec'24
Interest Rate 2.5% 2.5% Oct'25