Total Credit — Value Standard Local Currency in Republic of Korea
Republic of Korea: Total Credit — Value Standard Local Currency was 1.96 billion million SLC in 2024. ▲ Rising
Total Credit — Value Standard Local Currency 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 in Republic of Korea stood at 1.96 billion million SLC. That is the highest value across all 17 years on record.
That represents a change of up 3.8% on the previous year and up 122.3% over ten years.
Over the whole period, total credit — value standard local currency in Republic of Korea peaked at 1.96 billion million SLC in 2024 and was at its lowest, 686.36 million million SLC, in 2008.
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 in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2008 | 686.36 million million SLC | — |
| 2009 | 711.59 million million SLC | +3.7% |
| 2010 | 721.48 million million SLC | +1.4% |
| 2011 | 769.29 million million SLC | +6.6% |
| 2012 | 789.52 million million SLC | +2.6% |
| 2013 | 827.81 million million SLC | +4.8% |
| 2014 | 882.86 million million SLC | +6.7% |
| 2015 | 943.35 million million SLC | +6.9% |
| 2016 | 985.51 million million SLC | +4.5% |
| 2017 | 1.05 billion million SLC | +6.7% |
| 2018 | 1.12 billion million SLC | +6.6% |
| 2019 | 1.21 billion million SLC | +7.7% |
| 2020 | 1.39 billion million SLC | +15.4% |
| 2021 | 1.58 billion million SLC | +13.4% |
| 2022 | 1.80 billion million SLC | +13.7% |
| 2023 | 1.89 billion million SLC | +5.1% |
| 2024 | 1.96 billion million SLC | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 698.97 million million SLC | 686.36 million million SLC | 711.59 million million SLC | 2 |
| 2010s | 930.05 million million SLC | 721.48 million million SLC | 1.21 billion million SLC | 10 |
| 2020s | 1.72 billion million SLC | 1.39 billion million SLC | 1.96 billion million SLC | 5 |
Countries ranked near Republic of Korea
- 1 Indonesia 7.59 billion million SLC compare
- 1 Viet Nam 15.62 billion million SLC compare
- 3 Cabo Verde 145,464 million SLC compare
- 3 Lebanon 949.06 million million SLC compare
- 4 Colombia 664.36 million million SLC compare
- 4 Democratic Republic of the Congo 19.50 million million SLC compare
- 5 Japan 625.38 million million SLC compare
- 5 Türkiye 8.92 million million SLC compare
More agriculture & rural data for Republic of Korea
- Pulses, Total — Production, annual growth rate -9.8 % change on previous year (2024)
- Roots and Tubers, Total — Area harvested, annual growth rate 5.89 % change on previous year (2024)
- Roots and Tubers, Total — Yield, annual growth rate -1.89 % change on previous year (2024)
- Roots and Tubers, Total — Production, annual growth rate 3.89 % 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)
- Sheep and Goat Meat — Producing Animals/Slaughtered, annual growth 1.57 % change on previous year (2024)
- Sheep and Goats — Stocks, annual growth rate 1.28 % change on previous year (2024)
- Vegetables Primary — Area harvested, annual growth rate -0.2061 % change on previous year (2024)
- Vegetables Primary — Yield, annual growth rate 0.4263 % change on previous year (2024)
Frequently asked questions
- What is total credit — value standard local currency in Republic of Korea?
- Total credit — value standard local currency in Republic of Korea was 1.96 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 recorded in Republic of Korea?
- The highest recorded value was 1.96 billion million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Republic of Korea?
- The lowest recorded value was 686.36 million million SLC in 2008.
- How does Republic of Korea rank for total credit — value standard local currency?
- Republic of Korea ranks 2nd out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Republic of Korea?
- Over the last ten years it is up 122.3%. 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. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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.