Net domestic credit in South Korea
South Korea: Net domestic credit was 5,011.74 trillion current LCU in 2024. ◆ Volatile
Net domestic credit in South Korea, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net domestic credit in South Korea stood at 5,011.74 trillion current LCU. That is the highest value across all 65 years on record.
The figure is up 5.5% on the previous year and up 107.8% over ten years.
Over the whole period, net domestic credit in South Korea peaked at 5,011.74 trillion current LCU in 2024 and was at its lowest, 21.18 billion current LCU, in 1960.
South Korea ranks 4th of 186 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 171.62 billion current LCU | 21.18 billion current LCU | 654.06 billion current LCU | 10 |
| 1970s | 4.38 trillion current LCU | 839.06 billion current LCU | 11.87 trillion current LCU | 10 |
| 1980s | 42.27 trillion current LCU | 16.84 trillion current LCU | 77.18 trillion current LCU | 10 |
| 1990s | 210.91 trillion current LCU | 96.89 trillion current LCU | 382.18 trillion current LCU | 10 |
| 2000s | 1,201.49 trillion current LCU | 450.60 trillion current LCU | 1,812.22 trillion current LCU | 10 |
| 2010s | 2,565.20 trillion current LCU | 1,911.13 trillion current LCU | 3,438.18 trillion current LCU | 10 |
| 2020s | 4,448.72 trillion current LCU | 3,763.48 trillion current LCU | 5,011.74 trillion current LCU | 5 |
Countries ranked near South Korea
More financial sector data for South Korea
- Domestic credit to private sector 160.3% (2024)
- Claims on central government, etc. 3.4% (2024)
- Broad money 162.7% (2024)
- Monetary Sector credit to private sector 160.3% (2024)
- Net foreign assets 627.85 trillion current LCU (2024)
- Total reserves in months of imports 6.46 (2025)
- Net migration 65,731 (2025)
- Domestic credit to private sector by banks 160.3% (2024)
- Official exchange rate 1,422 LCU per US$, period average (2025)
- Claims on central government 1.0% (2024)
Frequently asked questions
- What is net domestic credit in South Korea?
- Net domestic credit in South Korea was 5,011.74 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net domestic credit recorded in South Korea?
- The highest recorded value was 5,011.74 trillion current LCU in 2024.
- What is the lowest net domestic credit recorded in South Korea?
- The lowest recorded value was 21.18 billion current LCU in 1960.
- How does South Korea rank for net domestic credit?
- South Korea ranks 4th out of 186 countries with data for 2024.
- Is net domestic credit rising or falling in South Korea?
- Over the last ten years it is up 107.8%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net domestic credit (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.