Account, out of labor force in Republic of Korea

Republic of Korea: Account, out of labor force was 96.6% in 2024. β–² Rising

Latest (2024)
96.6%
Change on year
up 0.4%
World rank
15th
of 98 countries
All-time high
96.6%
in 2024
All-time low
89.8%
in 2017
Years of data
5
2011–2024

Account, out of labor force in Republic of Korea, 2011–2024

0204060801002011201720242011: 89.9 % age 15+2014: 91.5 % age 15+2017: 89.8 % age 15+2021: 96.2 % age 15+2024: 96.6 % age 15+

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

Analysis

In 2024, account, out of labor force in Republic of Korea stood at 96.6%. That is the highest value across all 5 years on record.

The figure is up 0.4% on the previous year and up 5.6% over ten years.

Over the whole period, account, out of labor force in Republic of Korea peaked at 96.6% in 2024 and was at its lowest, 89.8%, in 2017.

Republic of Korea ranks 15th of 98 countries on this measure, in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 90.4% 89.8% 91.5% 3
2020s 96.4% 96.2% 96.6% 2

Countries ranked near Republic of Korea

  1. 12 Canada 97.6% compare
  2. 13 Mongolia 97.2% compare
  3. 14 Australia 96.8% compare
  4. 16 Japan 96.6% compare
  5. 17 Belgium 96.2% compare
  6. 18 New Zealand 95.4% compare

See the full ranking of 110 places β†’

More reference data data for Republic of Korea

All data for Republic of Korea β†’

Frequently asked questions

What is account, out of labor force in Republic of Korea?
Account, out of labor force in Republic of Korea was 96.6% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Republic of Korea?
The highest recorded value was 96.6% in 2024.
What is the lowest account, out of labor force recorded in Republic of Korea?
The lowest recorded value was 89.8% in 2017.
How does Republic of Korea rank for account, out of labor force?
Republic of Korea ranks 15th out of 98 countries with data for 2024.
Is account, out of labor force rising or falling in Republic of Korea?
Over the last ten years it is up 5.6%. The long-run trend across the full record is rising.
Where does this Republic of Korea data come from?
The figures come from Global Findex database, published as part of Account, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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Account, out of labor force in Republic of Korea. Statizoid, drawing on Global Findex database. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/account-out-of-labor-force-percent-age-15/korea-rep/

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About this data

Indicator
Account, out of labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 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"), out of labor force (% age 15+)