South Korea Bank Lending Interest Rate (2024)
South Korea's Bank Lending Interest Rate: 4.7 % per annum in 2024, -0.5pp YoY. World Bank (FR.INR.LEND), 1990–2024.
South Korea (2024)
4.7
% per annum
-0.5pp YoY
YoY Change
-0.5pp
percentage points
Trend
down
Series length
29
years of data
Data
| Year | % per annum | YoY Change |
|---|---|---|
| 2024 | 4.7 | -0.5pp |
| 2023 | 5.2 | +0.9pp |
| 2022 | 4.3 | +1.4pp |
| 2021 | 2.9 | +0.1pp |
| 2020 | 2.8 | -0.6pp |
| 2019 | 3.5 | -0.2pp |
| 2018 | 3.7 | +0.2pp |
| 2017 | 3.5 | +0.1pp |
| 2016 | 3.4 | -0.2pp |
| 2015 | 3.5 | -0.7pp |
| 2014 | 4.3 | -0.4pp |
| 2013 | 4.6 | -0.8pp |
| 2012 | 5.4 | -0.4pp |
| 2011 | 5.8 | +0.3pp |
| 2010 | 5.5 | -0.1pp |
| 2009 | 5.7 | -1.5pp |
| 2008 | 7.2 | +0.6pp |
| 2007 | 6.6 | +0.6pp |
| 2006 | 6 | +0.4pp |
| 2005 | 5.6 | n/a |
About this Dataset
South Korea recorded 4.7 % per annum in 2024. The most recent year-on-year change was -0.5pp. The historical series (1990–2024) shows a peak of 15.3 in 1998 and a trough of 2.8 in 2020.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea bank lending interest rate in South Korea, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 15.3 % per annum in 1998 and reached its lowest recorded value of 2.8 in 2020. The latest reading of 4.7 in 2024 represents a year-on-year change of -0.5pp.