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

Republic of Korea: Bank or similar financial institution account, young was 98.4% in 2024. ▲ Rising

Latest (2024)
98.4%
Change on year
down 0.2%
World rank
13th
of 106 countries
All-time high
98.6%
in 2021
All-time low
84.1%
in 2011
Years of data
5
2011–2024

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

0204060801002011201720242011: 84.1 % ages 15-242014: 86.1 % ages 15-242017: 87.3 % ages 15-242021: 98.6 % ages 15-242024: 98.4 % ages 15-24

Source: World Bank. Measured in % ages 15-24.

Analysis

In 2024, bank or similar financial institution account, young in Republic of Korea stood at 98.4%.

The figure is down 0.2% on the previous year and up 14.3% over ten years.

Over the whole period, bank or similar financial institution account, young in Republic of Korea peaked at 98.6% in 2021 and was at its lowest, 84.1%, in 2011.

Republic of Korea ranks 13th of 106 countries on this measure, in the top quarter.

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

Annual values for Bank or similar financial institution account, young (% ages 15-24) in Republic of Korea, 2011 to 2024.
Year % ages 15-24 Change
2011 84.1%
2014 86.1% +2.4%
2017 87.3% +1.4%
2021 98.6% +12.9%
2024 98.4% -0.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 85.8% 84.1% 87.3% 3
2020s 98.5% 98.4% 98.6% 2

Countries ranked near Republic of Korea

  1. 10 Finland 98.6% compare
  2. 11 Slovenia 98.6% compare
  3. 12 Ireland 98.5% compare
  4. 14 Estonia 98.2% compare
  5. 15 Belgium 98.0% compare
  6. 16 Denmark 97.9% 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, young in Republic of Korea?
Bank or similar financial institution account, young in Republic of Korea was 98.4% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in Republic of Korea?
The highest recorded value was 98.6% in 2021.
What is the lowest bank or similar financial institution account, young recorded in Republic of Korea?
The lowest recorded value was 84.1% in 2011.
How does Republic of Korea rank for bank or similar financial institution account, young?
Republic of Korea ranks 13th out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in Republic of Korea?
Over the last ten years it is up 14.3%. 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, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, young in Republic of Korea. Statizoid. Retrieved 04 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/korea-rep/

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About this data

Indicator
Bank or similar financial institution account, young (% ages 15-24)
Unit
% ages 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed