Bank or similar financial institution account, out of laborforce in Republic of Korea

Republic of Korea: Bank or similar financial institution account, out of laborforce was 96.3% in 2024. ▲ Rising

Latest (2024)
96.3%
Change on year
up 0.1%
World rank
16th
of 98 countries
All-time high
96.3%
in 2024
All-time low
89.8%
in 2017
Years of data
5
2011–2024

Bank or similar financial institution account, out of laborforce 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: 96.3 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account, out of laborforce in Republic of Korea is 96.3%, measured in 2024. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 0.1% on the previous year and up 5.3% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in Republic of Korea peaked at 96.3% in 2024 and was at its lowest, 89.8%, in 2017.

That places Republic of Korea 16th out of 98 countries with data for 2024, putting it in the top quarter.

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

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in Republic of Korea, 2011 to 2024.
Year % age 15+ Change
2011 89.9%
2014 91.5% +1.8%
2017 89.8% -1.9%
2021 96.2% +7.2%
2024 96.3% +0.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 90.4% 89.8% 91.5% 3
2020s 96.3% 96.2% 96.3% 2

Countries ranked near Republic of Korea

  1. 13 Mongolia 97.0% compare
  2. 14 Australia 96.8% compare
  3. 15 Japan 96.6% compare
  4. 17 Belgium 96.2% compare
  5. 18 New Zealand 95.4% compare
  6. 19 Hong Kong, China 94.4% compare

See the full ranking of 110 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, out of laborforce in Republic of Korea?
Bank or similar financial institution account, out of laborforce in Republic of Korea was 96.3% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in Republic of Korea?
The highest recorded value was 96.3% in 2024.
What is the lowest bank or similar financial institution account, out of laborforce recorded in Republic of Korea?
The lowest recorded value was 89.8% in 2017.
How does Republic of Korea rank for bank or similar financial institution account, out of laborforce?
Republic of Korea ranks 16th out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in Republic of Korea?
Over the last ten years it is up 5.3%. The long-run trend across the full record is rising.
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, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in Republic of Korea. Statizoid. Retrieved 09 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/korea-rep/

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About this data

Indicator
Bank or similar financial institution account, out of 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