Bank or similar financial institution account, in laborforce in South Korea

South Korea: Bank or similar financial institution account, in laborforce was 97.0% in 2024. ▬ Flat

Latest (2024)
97.0%
Change on year
down 3.0%
World rank
28th
of 98 countries
All-time high
99.9%
in 2021
All-time low
97.0%
in 2024
Years of data
5
2011–2024

Bank or similar financial institution account, in laborforce 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: World Bank. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account, in laborforce in South Korea is 97.0%, measured in 2024. That is the lowest value across all 5 years on record.

That represents a change of down 3.0% on the previous year and down 0.5% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in South Korea peaked at 99.9% in 2021 and was at its lowest, 97.0%, in 2024.

That places South Korea 28th out of 98 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account, in laborforce in South Korea, year by year

Annual values for Bank or similar financial institution account, in laborforce (% 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% -3.0%

Averages by decade

DecadeAverage LowestHighest Years
2010s 97.7% 97.2% 98.5% 3
2020s 98.4% 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 110 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in South Korea?
Bank or similar financial institution account, in laborforce in South Korea was 97.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in South Korea?
The highest recorded value was 99.9% in 2021.
What is the lowest bank or similar financial institution account, in laborforce recorded in South Korea?
The lowest recorded value was 97.0% in 2024.
How does South Korea rank for bank or similar financial institution account, in laborforce?
South Korea ranks 28th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in South Korea?
Over the last ten years it is down 0.5%. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, in laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, in laborforce in South Korea. Statizoid. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/korea-rep/

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About this data

Indicator
Bank or similar financial institution account, in laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed