South Korea credit-to-GDP gap and private sector debt service ratio (BIS)
Early-warning indicators of financial stress for South Korea computed by the BIS: the credit-to-GDP ratio of the private non-financial sector, its long-run trend (one-sided Hodrick-Prescott filter) and the gap between the two, used as a guide for the countercyclical capital buffer; and debt service ratios — interest and principal payments as a share of income — of households, non-financial corporations and the whole private non-financial sector.
| Indicator | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | Q4-2023 | Q3-2023 | Q2-2023 | Q1-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Credit-to-GDP gap, private non-financial sector3 | ||||||||||||||
| Credit-to-GDP ratio | 191.48 | 198.03 | 199.41 | 199.68 | 200.01 | 199.84 | 200.72 | 201.62 | 203.25 | 206 | 208.77 | 208.35 | 208.23 | |
| Long-run trend of the credit-to-GDP ratio | 206.61 | 206.7 | 206.4 | 206 | 205.54 | 205.03 | 204.5 | 203.87 | 203.15 | 202.3 | 201.25 | 199.98 | 198.68 | |
| Credit-to-GDP gap | -15.13 | -8.66 | -6.99 | -6.32 | -5.54 | -5.2 | -3.77 | -2.25 | 0.1 | 3.7 | 7.53 | 8.37 | 9.55 | |
| Debt service ratio3 | ||||||||||||||
| Private non-financial sector | 19.3 | 19.9 | 20.1 | 20.3 | 20.6 | 20.7 | 21 | 21.2 | 21.4 | 21.5 | 21.7 | 21.5 | 21.3 | |
| Households and NPISHs | 11.5 | 11.8 | 12 | 12.1 | 12.1 | 12.2 | 12.3 | 12.2 | 12.2 | 12.2 | 12.1 | 12 | 11.9 | |
| Non-financial corporations | 35.4 | 36.4 | 36.8 | 37.2 | 37.9 | 38.4 | 39.3 | 40.3 | 41.3 | 42.2 | 42.9 | 42.7 | 42.2 |
Latest reading
The series on this page is quarterly and runs from Q4 1972 to Q1 2026. Source: BIS – Bank for International Settlements (data.bis.org).
About this data
Early-warning indicators of financial stress for South Korea computed by the BIS: the credit-to-GDP ratio of the private non-financial sector, its long-run trend (one-sided Hodrick-Prescott filter) and the gap between the two, used as a guide for the countercyclical capital buffer; and debt service ratios — interest and principal payments as a share of income — of households, non-financial corporations and the whole private non-financial sector.
Frequently asked questions
- What is the latest figure for South Korea credit-to-GDP gap and private sector debt service ratio (BIS)?
- The latest reading is −15.13 Percentage points, for Q1 2026. That is −6.46 Percentage points from Q4 2025 and −9.59 Percentage points from a year earlier.
- Is South Korea credit-to-GDP gap and private sector debt service ratio (BIS) at a high or a low right now?
- The reading of −15.13 Percentage points is the lowest since Q1 2006.
- How far back does the South Korea credit-to-GDP gap and private sector debt service ratio (BIS) data go?
- The series on this page is quarterly and runs from Q4 1972 to Q1 2026. Source: BIS – Bank for International Settlements (data.bis.org). Every series in the table can be charted over its full history and downloaded as CSV or Excel.