South Korea Private Credit to GDP
160.3%▼ −3.17 pt
Dec 2024 · Annual
Private credit in Korea stood at 160.35% of GDP in 2024, down from 163.52% in 2023. The ratio retreated from the all-time high recorded in the previous year, while remaining well above the series low of 5.72% set in 1960. Annual data extend back to 1960.
| Actual | Previous | Highest | Lowest | Dates | Frequency |
|---|---|---|---|---|---|
| 160.3% | 163.5% | 163.5%Dec 2023 | 5.7%Dec 1960 | 1960 – 2024 | Annual |
Related indicators
| Indicator | Last | Previous | Highest | Lowest | Last updated | Frequency |
|---|---|---|---|---|---|---|
| Interest Rate | 2.8% | 2.5% | 5.3% | 0.5% | Jul 2026 | Monthly |
| GDP | $1.87T | $1.88T | $1.94T | $2.4B | Dec 2025 | Annual |
About this series
Private Credit to GDP in South Korea averaged 105.9% from 1960 until 2024, reaching an all-time high of 163.5% in Dec 2023 and a record low of 5.7% in Dec 1960. The series is reported yearly with history from 1960.
Private credit as a share of GDP measures the total value of credit extended to the private sector relative to the size of the economy. It is expressed as a percentage of GDP and compiled on an annual basis. The series for Korea covers the period from 1960 through 2024, providing a long-run comparison of financial deepening and the credit cycle.
Source & methodology
We use primary economic sources for every country. See our methodology page for how we source and verify this data.
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