Total Credit — Value Standard Local Currency, 2015 prices in Republic of Korea
Republic of Korea: Total Credit — Value Standard Local Currency, 2015 prices was 1.69 billion million SLC in 2024. ▲ Rising
Total Credit — Value Standard Local Currency, 2015 prices in Republic of Korea, 2008–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total credit — value standard local currency, 2015 prices in Republic of Korea stood at 1.69 billion million SLC. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 85.9% over ten years.
Over the whole period, total credit — value standard local currency, 2015 prices in Republic of Korea peaked at 1.69 billion million SLC in 2024 and was at its lowest, 780.36 million million SLC, in 2010.
Republic of Korea ranks 2nd of 165 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Total Credit — Value Standard Local Currency, 2015 prices in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2008 | 789.26 million million SLC | — |
| 2009 | 790.59 million million SLC | +0.2% |
| 2010 | 780.36 million million SLC | -1.3% |
| 2011 | 821.60 million million SLC | +5.3% |
| 2012 | 832.45 million million SLC | +1.3% |
| 2013 | 863.52 million million SLC | +3.7% |
| 2014 | 911.37 million million SLC | +5.5% |
| 2015 | 943.35 million million SLC | +3.5% |
| 2016 | 965.60 million million SLC | +2.4% |
| 2017 | 1.01 billion million SLC | +4.6% |
| 2018 | 1.07 billion million SLC | +6.0% |
| 2019 | 1.16 billion million SLC | +8.4% |
| 2020 | 1.32 billion million SLC | +13.6% |
| 2021 | 1.45 billion million SLC | +9.9% |
| 2022 | 1.62 billion million SLC | +11.7% |
| 2023 | 1.67 billion million SLC | +3.2% |
| 2024 | 1.69 billion million SLC | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 789.93 million million SLC | 789.26 million million SLC | 790.59 million million SLC | 2 |
| 2010s | 935.97 million million SLC | 780.36 million million SLC | 1.16 billion million SLC | 10 |
| 2020s | 1.55 billion million SLC | 1.32 billion million SLC | 1.69 billion million SLC | 5 |
Countries ranked near Republic of Korea
- 1 Indonesia 5.59 billion million SLC compare
- 1 Viet Nam 12.04 billion million SLC compare
- 2 Côte d'Ivoire 3.44 million million SLC compare
- 2 Iran (Islamic Republic of) 7.02 billion million SLC compare
- 3 Cabo Verde 118,932 million SLC compare
- 3 Japan 577.24 million million SLC compare
- 3 United Republic of Tanzania 24.28 million million SLC compare
- 4 Colombia 392.11 million million SLC compare
- 4 Democratic Republic of the Congo 6.33 million million SLC compare
- 5 Chile 192.93 million million SLC compare
- 5 Türkiye 1.15 million million SLC compare
More agriculture & rural data for Republic of Korea
- Fruit Primary — Area harvested, annual growth rate 1.72 % change on previous year (2024)
- Vegetables Primary — Area harvested, annual growth rate -0.2061 % change on previous year (2024)
- Cabbages — Production, annual growth rate 2.92 % change on previous year (2024)
- Cabbages — Yield, annual growth rate 1.77 % change on previous year (2024)
- Cabbages — Area harvested, annual growth rate 1.13 % change on previous year (2024)
- Vegetables Primary — Production, annual growth rate 0.2192 % change on previous year (2024)
- Vegetables Primary — Yield, annual growth rate 0.4263 % change on previous year (2024)
- Sheep and Goat Meat — Producing Animals/Slaughtered, annual growth 1.57 % change on previous year (2024)
- Sheep and Goat Meat — Yield/Carcass Weight, annual growth rate 0 % change on previous year (2024)
- Sheep and Goat Meat — Production, annual growth rate 0.6449 % change on previous year (2024)
Frequently asked questions
- What is total credit — value standard local currency, 2015 prices in Republic of Korea?
- Total credit — value standard local currency, 2015 prices in Republic of Korea was 1.69 billion million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 1.69 billion million SLC in 2024.
- What is the lowest total credit — value standard local currency, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 780.36 million million SLC in 2010.
- How does Republic of Korea rank for total credit — value standard local currency, 2015 prices?
- Republic of Korea ranks 2nd out of 165 countries with data for 2024.
- Is total credit — value standard local currency, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 85.9%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.