South Korea: Financial development

The latest value from 2021 is 0.818 index points, a decline from 0.837 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for South Korea from 1980 to 2021 is 0.685 index points. The minimum value, 0.424 index points, was reached in 1980 while the maximum of 0.853 index points was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.