Korea, Rep.: Real interest rate (%)
In , Korea, Rep.'s Real interest rate (%) was 0.63.
That's down 79.5% from 2023, the highest value since .
The global average for this indicator in 2024 was 4.28 . Korea, Rep. ranks #71 globally out of 85 reporting countries. Within East Asia & Pacific, it ranks #11 of 14.
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 6.16
- Trough
- -0.29
- 1-year change
- -79.5%
- 5-year change
- -84.5%
- -31.1% / yr
- 10-year change
- -80.0%
- -14.9% / yr
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 0.6345 | |
| 3.0877 | |
| 2.4405 | |
| -0.2872 | |
| 1.1955 | |
| 4.0956 | |
| 3.0785 | |
| 1.4290 | |
| 1.2787 | |
| 0.2953 |
About Real interest rate (%)
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Indicator code: FR.INR.RINR • Category: Trade & Finance
Frequently asked questions
- What was Korea, Rep.'s Real interest rate (%) in 2024?
- In 2024, Korea, Rep.'s Real interest rate (%) was 0.63, according to World Bank Open Data.
- Is Korea, Rep.'s Real interest rate (%) rising or falling?
- Korea, Rep.'s Real interest rate (%) fell 79.5% from 2023 to 2024.
- How does Korea, Rep. rank globally on Real interest rate (%)?
- In 2024, Korea, Rep. ranked #71 out of 85 countries reporting Real interest rate (%).
- How does Korea, Rep.'s Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2024 was 4.28, so Korea, Rep. is below the world average. Within East Asia & Pacific, it ranks #11 of 14.
- What is Real interest rate (%) and how is it measured?
- An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Source: World Bank Open Data (FR.INR.RINR), CC BY 4.0.