Account, in labor force in South Korea

South Korea: Account, in labor force was 97.0% in 2024. ▬ Flat

Latest (2024)
97.0%
Change on year
down 2.9%
World rank
28th
of 99 countries
All-time high
99.9%
in 2021
All-time low
97.0%
in 2024
Years of data
5
2011–2024

Account, in labor force in South Korea, 2011–2024

0204060801002011201720242011: 97.2 % age 15+2014: 97.5 % age 15+2017: 98.5 % age 15+2021: 99.9 % age 15+2024: 97 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

South Korea recorded 97.0% for account, in labor force in 2024. That is the lowest value across all 5 years on record.

Compared with earlier readings it is down 2.9% on the previous year and down 0.4% over ten years.

Over the whole period, account, in labor force in South Korea peaked at 99.9% in 2021 and was at its lowest, 97.0%, in 2024.

South Korea ranks 28th of 99 countries on this measure, in the middle of the range.

Account, in labor force in South Korea, year by year

Annual values for Account, in labor force (% age 15+) in South Korea, 2011 to 2024.
Year % age 15+ Change
2011 97.2%
2014 97.5% +0.3%
2017 98.5% +1.0%
2021 99.9% +1.4%
2024 97.0% -2.9%

South Korea compared with similar countries

  • South Korea's 97.0% is below the median for high income countries, which is 98.5%, 98% of the median. (39 countries reporting)
  • South Korea's 97.0% is above the median for East Asia & Pacific, which is 97.0%, 1.0× the median. (11 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 97.7% 97.2% 98.5% 3
2020s 98.5% 97.0% 99.9% 2

Countries ranked near South Korea

  1. 25 Israel 97.4% compare
  2. 26 Taiwan 97.2% compare
  3. 27 Serbia 97.1% compare
  4. 29 Latvia 96.9% compare
  5. 30 Italy 96.8% compare
  6. 31 Portugal 96.2% compare

See the full ranking of 111 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is account, in labor force in South Korea?
Account, in labor force in South Korea was 97.0% in 2024, according to Global Findex database.
What is the highest account, in labor force recorded in South Korea?
The highest recorded value was 99.9% in 2021.
What is the lowest account, in labor force recorded in South Korea?
The lowest recorded value was 97.0% in 2024.
How does South Korea rank for account, in labor force?
South Korea ranks 28th out of 99 countries with data for 2024.
Is account, in labor force rising or falling in South Korea?
Over the last ten years it is down 0.4%. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from Global Findex database, published as part of Account, in labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, in labor force in South Korea. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-in-labor-force-percent-age-15/korea-rep/

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About this data

Indicator
Account, in labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
111 places, 555 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), in labor force (% age 15+)