Bank or similar financial institution account, older in Republic of Korea

Republic of Korea: Bank or similar financial institution account, older was 96.5% in 2024. ▬ Flat

Latest (2024)
96.5%
Change on year
down 2.2%
World rank
27th
of 106 countries
All-time high
98.7%
in 2021
All-time low
96.4%
in 2017
Years of data
5
2011–2024

Bank or similar financial institution account, older in Republic of Korea, 2011–2024

0204060801002011201720242011: 96.4 % age 25+2014: 96.9 % age 25+2017: 96.4 % age 25+2021: 98.7 % age 25+2024: 96.5 % age 25+

Source: World Bank. Measured in % age 25+.

Analysis

Republic of Korea recorded 96.5% for bank or similar financial institution account, older in 2024.

That represents a change of down 2.2% on the previous year and down 0.4% over ten years.

Over the whole period, bank or similar financial institution account, older in Republic of Korea peaked at 98.7% in 2021 and was at its lowest, 96.4%, in 2017.

That places Republic of Korea 27th out of 106 countries with data for 2024, putting it in the top quarter.

Bank or similar financial institution account, older in Republic of Korea, year by year

Annual values for Bank or similar financial institution account, older (% age 25+) in Republic of Korea, 2011 to 2024.
Year % age 25+ Change
2011 96.4%
2014 96.9% +0.6%
2017 96.4% -0.6%
2021 98.7% +2.4%
2024 96.5% -2.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 96.6% 96.4% 96.9% 3
2020s 97.6% 96.5% 98.7% 2

Countries ranked near Republic of Korea

  1. 24 Hong Kong 97.4% compare
  2. 25 Taiwan 96.6% compare
  3. 26 Malta 96.6% compare
  4. 28 Cyprus 96.3% compare
  5. 29 Latvia 95.6% compare
  6. 30 Slovakia 93.6% compare

See the full ranking of 118 places →

More reference data data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is bank or similar financial institution account, older in Republic of Korea?
Bank or similar financial institution account, older in Republic of Korea was 96.5% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, older recorded in Republic of Korea?
The highest recorded value was 98.7% in 2021.
What is the lowest bank or similar financial institution account, older recorded in Republic of Korea?
The lowest recorded value was 96.4% in 2017.
How does Republic of Korea rank for bank or similar financial institution account, older?
Republic of Korea ranks 27th out of 106 countries with data for 2024.
Is bank or similar financial institution account, older rising or falling in Republic of Korea?
Over the last ten years it is down 0.4%. The long-run trend across the full record is flat.
Where does this Republic of Korea data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, older (% age 25+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, older in Republic of Korea. Statizoid. Retrieved 01 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-older-percent-age-25/korea-rep/

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About this data

Indicator
Bank or similar financial institution account, older (% age 25+)
Unit
% age 25+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed