Data / Domestic credit to the private sector / South Korea

Domestic credit to the private sector in South Korea

Domestic credit to the private sector in South Korea was 160.3% of GDP in 2024, according to the World Bank. That is down 3.2 pts from 2023.

2024, % of GDP160.3
Change on 2023-3.2 pts
Series high163.52023
Series low471995

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Domestic credit to the private sector in South Korea, 1990 to 2024

255075100125150175199019952000200520102015202020241990: 49.3 % of GDP1991: 48.9 % of GDP1992: 47.4 % of GDP1993: 47.2 % of GDP1994: 47.7 % of GDP1995: 47 % of GDP1996: 50.1 % of GDP1997: 54.8 % of GDP1998: 59.6 % of GDP1999: 64.5 % of GDP2000: 69.2 % of GDP2001: 99.6 % of GDP2002: 108.7 % of GDP2003: 107.2 % of GDP2004: 102 % of GDP2005: 106.1 % of GDP2006: 117.5 % of GDP2007: 124 % of GDP2008: 136.2 % of GDP2009: 132.6 % of GDP2010: 124.7 % of GDP2011: 127.1 % of GDP2012: 125.1 % of GDP2013: 122.8 % of GDP2014: 125.5 % of GDP2015: 125.9 % of GDP2016: 128 % of GDP2017: 129.5 % of GDP2018: 133.5 % of GDP2019: 142.7 % of GDP2020: 154.7 % of GDP2021: 159.9 % of GDP2022: 162.8 % of GDP2023: 163.5 % of GDP2024: 160.3 % of GDP05010015020019902002201420241990: 49.3 % of GDP1991: 48.9 % of GDP1992: 47.4 % of GDP1993: 47.2 % of GDP1994: 47.7 % of GDP1995: 47 % of GDP1996: 50.1 % of GDP1997: 54.8 % of GDP1998: 59.6 % of GDP1999: 64.5 % of GDP2000: 69.2 % of GDP2001: 99.6 % of GDP2002: 108.7 % of GDP2003: 107.2 % of GDP2004: 102 % of GDP2005: 106.1 % of GDP2006: 117.5 % of GDP2007: 124 % of GDP2008: 136.2 % of GDP2009: 132.6 % of GDP2010: 124.7 % of GDP2011: 127.1 % of GDP2012: 125.1 % of GDP2013: 122.8 % of GDP2014: 125.5 % of GDP2015: 125.9 % of GDP2016: 128 % of GDP2017: 129.5 % of GDP2018: 133.5 % of GDP2019: 142.7 % of GDP2020: 154.7 % of GDP2021: 159.9 % of GDP2022: 162.8 % of GDP2023: 163.5 % of GDP2024: 160.3 % of GDP
% of GDP. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12, published 2026-10-08.
All 35 values
Period% of GDP
2024160.3
2023163.5
2022162.8
2021159.9
2020154.7
2019142.7
2018133.5
2017129.5
2016128
2015125.9
2014125.5
2013122.8
2012125.1
2011127.1
2010124.7
2009132.6
2008136.2
2007124
2006117.5
2005106.1
2004102
2003107.2
2002108.7
200199.6
200069.2
199964.5
199859.6
199754.8
199650.1
199547
199447.7
199347.2
199247.4
199148.9
199049.3

South Korea compared with nearby places

Antigua and Barbuda: 39.4 % of GDPAlbania: 34.1 % of GDPArmenia: 64.4 % of GDPAngola: 7.2 % of GDPArgentina: 15.1 % of GDPAustria: 81.8 % of GDPAustralia: 129.3 % of GDPAzerbaijan: 26.4 % of GDPBosnia and Herzegovina: 48.1 % of GDPBangladesh: 35.8 % of GDPBelgium: 68.1 % of GDPBurkina Faso: 27.1 % of GDPBulgaria: 47.1 % of GDPBurundi: 38.3 % of GDPBenin: 19 % of GDPBrunei: 37.7 % of GDPBolivia: 59.2 % of GDPBrazil: 75.6 % of GDPBhutan: 68.4 % of GDPBotswana: 33.1 % of GDPBelize: 41.3 % of GDPSwitzerland: 149.7 % of GDPCôte d’Ivoire: 22.5 % of GDPChile: 104.6 % of GDPChina: 194.3 % of GDPColombia: 39.4 % of GDPCosta Rica: 51.2 % of GDPCape Verde: 54.6 % of GDPCyprus: 56.7 % of GDPCzechia: 48 % of GDPDjibouti: 23.1 % of GDPDenmark: 144.1 % of GDPDominican Republic: 31.9 % of GDPAlgeria: 19 % of GDPEcuador: 56.6 % of GDPEstonia: 60.5 % of GDPEgypt: 27.6 % of GDPSpain: 74.2 % of GDPFinland: 92 % of GDPFiji: 115.3 % of GDPFrance: 107.6 % of GDPUnited Kingdom: 112.4 % of GDPGeorgia: 68.3 % of GDPGhana: 8.9 % of GDPGambia: 9.4 % of GDPGuinea: 10.7 % of GDPGreece: 48.5 % of GDPGuatemala: 36.8 % of GDPGuinea-Bissau: 10.7 % of GDPGuyana: 15 % of GDPHong Kong: 230.2 % of GDPHonduras: 78.5 % of GDPCroatia: 46.9 % of GDPHaiti: 4.3 % of GDPHungary: 32.4 % of GDPIndonesia: 36.4 % of GDPIreland: 23.8 % of GDPIsrael: 69.5 % of GDPIndia: 41.6 % of GDPIraq: 14 % of GDPIceland: 91.1 % of GDPItaly: 60.3 % of GDPJamaica: 45.1 % of GDPJordan: 73 % of GDPJapan: 188 % of GDPKenya: 29.7 % of GDPKyrgyzstan: 22.3 % of GDPCambodia: 124.7 % of GDPSouth Korea: 160.3 % of GDPKuwait: 4.4 % of GDPKazakhstan: 27.3 % of GDPLiberia: 17.2 % of GDPLesotho: 24.3 % of GDPLithuania: 35.7 % of GDPLuxembourg: 85.1 % of GDPLatvia: 29.3 % of GDPLibya: 13 % of GDPMorocco: 77.8 % of GDPMoldova: 29.3 % of GDPMontenegro: 45.3 % of GDPMadagascar: 16.5 % of GDPNorth Macedonia: 54 % of GDPMali: 22.4 % of GDPMongolia: 44.9 % of GDPMauritius: 69.9 % of GDPMalawi: 7.9 % of GDPMexico: 35.1 % of GDPMalaysia: 116.1 % of GDPMozambique: 17.6 % of GDPNamibia: 55.1 % of GDPNiger: 10.3 % of GDPNicaragua: 32.3 % of GDPNetherlands: 82.4 % of GDPNorway: 124.4 % of GDPNepal: 91.3 % of GDPNew Zealand: 141.9 % of GDPOman: 63.2 % of GDPPanama: 77 % of GDPPeru: 39.6 % of GDPPapua New Guinea: 16.3 % of GDPPhilippines: 49.8 % of GDPPakistan: 11.5 % of GDPPoland: 33.6 % of GDPPalestine: 58.6 % of GDPPortugal: 77.1 % of GDPParaguay: 57 % of GDPQatar: 121 % of GDPRomania: 22.7 % of GDPSerbia: 32.6 % of GDPRwanda: 21.3 % of GDPSolomon Islands: 33.7 % of GDPSweden: 125.3 % of GDPSlovenia: 35.4 % of GDPSlovakia: 59.7 % of GDPSierra Leone: 4 % of GDPSenegal: 29.8 % of GDPSomalia: 5.4 % of GDPSuriname: 17 % of GDPSouth Sudan: 5.8 % of GDPEl Salvador: 63.4 % of GDPEswatini: 21.6 % of GDPTogo: 25.4 % of GDPThailand: 146.3 % of GDPTimor-Leste: 34.8 % of GDPTunisia: 60.6 % of GDPTürkiye: 43 % of GDPTrinidad and Tobago: 48.4 % of GDPTanzania: 16.7 % of GDPUkraine: 18.2 % of GDPUganda: 14.3 % of GDPUnited States: 195.9 % of GDPUruguay: 30.6 % of GDPUzbekistan: 31.5 % of GDPVanuatu: 48.5 % of GDPSamoa: 69.9 % of GDPSouth Africa: 89.4 % of GDPZambia: 17 % of GDP
  • Under 17
  • 17 to 30
  • 30 to 41
  • 41 to 60
  • 60 to 87
  • 87 and over
  • No data
Domestic credit to the private sector, 2024, % of GDP. South Korea is outlined. Same source and period for every area shown. Source: World Bank. Boundaries: Natural Earth (public domain).

Rankings

Definition

Financial corporations' claims on the private sector, including loans, non-equity securities and trade credit, as a percentage of GDP. Some countries include credit to public enterprises.

Can include central banks, deposit banks and other financial corporations, so it is not a bank-loans-only measure. A published zero is valid. The latest year varies by country.

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How to cite

World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS) (Domestic credit to the private sector, South Korea, 1990 to 2024) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS

MLA 9

Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Domestic credit to the private sector, South Korea, 1990 to 2024. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Invokely, https://invokely.ai/en/domestic-credit-private-sector/south-korea. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Domestic credit to the private sector, South Korea, 1990 to 2024. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Also distributed by Invokely, https://invokely.ai/en/domestic-credit-private-sector/south-korea.

Harvard

World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Domestic credit to the private sector, South Korea, 1990 to 2024 [Dataset]. Available at: https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS, via Invokely: https://invokely.ai/en/domestic-credit-private-sector/south-korea (Accessed: 12 October 2026).

BibTeX
@misc{world_domestic_credit_to_the_2024,
  author = {{World Bank}},
  title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Domestic credit to the private sector, South Korea, 1990 to 2024}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/domestic-credit-private-sector/south-korea. Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS): Domestic credit to the private sector, South Korea, 1990 to 2024
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS
L2  - https://invokely.ai/en/domestic-credit-private-sector/south-korea
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/domestic-credit-private-sector/south-korea.
N1  - Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  -
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Questions

What is the domestic credit to the private sector in South Korea?

Domestic credit to the private sector in South Korea was 160.3% of GDP in 2024, according to the World Bank. That is down 3.2 pts from 2023.

Where does this figure come from?

World Bank. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved by Invokely on 2026-10-12.

What was the highest domestic credit to the private sector in South Korea?

163.5% of GDP in 2023, the highest value since 1990 in this series.

Domestic credit to the private sector in other countries

Related statistics for South Korea

All statistics for South Korea | South Korea in figures