Credit to Agriculture, Forestry and Fishing — Value Standard Local in Republic of Korea
Republic of Korea: Credit to Agriculture, Forestry and Fishing — Value Standard Local was 66.34 million million SLC in 2024. ▲ Rising
Credit to Agriculture, Forestry and Fishing — Value Standard Local in Republic of Korea, 2008–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, credit to agriculture, forestry and fishing — value standard local in Republic of Korea stood at 66.34 million million SLC. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 7.1% on the previous year and up 73.8% over ten years.
Over the whole period, credit to agriculture, forestry and fishing — value standard local in Republic of Korea peaked at 66.34 million million SLC in 2024 and was at its lowest, 35.05 million million SLC, in 2016.
That places Republic of Korea 2nd out of 118 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Credit to Agriculture, Forestry and Fishing — Value Standard Local in Republic of Korea, year by year
| Year | million SLC | Change |
|---|---|---|
| 2008 | 56.87 million million SLC | — |
| 2009 | 50.87 million million SLC | -10.5% |
| 2010 | 44.41 million million SLC | -12.7% |
| 2011 | 40.90 million million SLC | -7.9% |
| 2012 | 39.09 million million SLC | -4.4% |
| 2013 | 38.23 million million SLC | -2.2% |
| 2014 | 38.17 million million SLC | -0.1% |
| 2015 | 38.15 million million SLC | -0.1% |
| 2016 | 35.05 million million SLC | -8.1% |
| 2017 | 36.29 million million SLC | +3.5% |
| 2018 | 38.57 million million SLC | +6.3% |
| 2019 | 42.72 million million SLC | +10.8% |
| 2020 | 45.36 million million SLC | +6.2% |
| 2021 | 47.99 million million SLC | +5.8% |
| 2022 | 55.80 million million SLC | +16.3% |
| 2023 | 61.93 million million SLC | +11.0% |
| 2024 | 66.34 million million SLC | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.87 million million SLC | 50.87 million million SLC | 56.87 million million SLC | 2 |
| 2010s | 39.16 million million SLC | 35.05 million million SLC | 44.41 million million SLC | 10 |
| 2020s | 55.48 million million SLC | 45.36 million million SLC | 66.34 million million SLC | 5 |
Countries ranked near Republic of Korea
- 1 Côte d'Ivoire 78,421 million SLC compare
- 1 Indonesia 403.72 million million SLC compare
- 1 Viet Nam 788.20 million million SLC compare
- 2 Iran (Islamic Republic of) 621.02 million million SLC compare
- 3 Cabo Verde 513.66 million SLC compare
- 3 India 16.67 million million SLC compare
- 3 United Republic of Tanzania 2.58 million million SLC compare
- 4 Cambodia 15.81 million million SLC compare
- 4 Syrian Arab Republic 42,377 million SLC compare
- 5 China, mainland 1.99 million million SLC compare
- 5 Democratic Republic of the Congo 36,274 million SLC compare
More environment data for Republic of Korea
- Standard Deviation, annual growth rate 0 % change on previous year (2025)
- Standard Deviation 0.504 °C (2025)
- Temperature change 1.9 °C (2025)
- Value Added Deflator (Agriculture, forestry and fishery) — Value 0.1507 % change on previous year (2024)
- Value Added Deflator (Agriculture, forestry and fishery) — Value US$ -4.16 % change on previous year (2024)
- Pesticides (total) — Import value, annual growth rate -14.88 % change on previous year (2024)
- Pesticides (total) — Export value, gaps filled 757,186 1000 USD (2024)
- Pesticides (total) — Export value, annual growth rate 8.01 % change on previous year (2024)
- Nutrient nitrogen N (total) — Import quantity, gaps filled 388,928 t (2024)
- Nutrient nitrogen N (total) — Import quantity, annual growth rate 3.55 % change on previous year (2024)
Frequently asked questions
- What is credit to agriculture, forestry and fishing — value standard local in Republic of Korea?
- Credit to agriculture, forestry and fishing — value standard local in Republic of Korea was 66.34 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest credit to agriculture, forestry and fishing — value standard local recorded in Republic of Korea?
- The highest recorded value was 66.34 million million SLC in 2024.
- What is the lowest credit to agriculture, forestry and fishing — value standard local recorded in Republic of Korea?
- The lowest recorded value was 35.05 million million SLC in 2016.
- How does Republic of Korea rank for credit to agriculture, forestry and fishing — value standard local?
- Republic of Korea ranks 2nd out of 118 countries with data for 2024.
- Is credit to agriculture, forestry and fishing — value standard local rising or falling in Republic of Korea?
- Over the last ten years it is up 73.8%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Credit to Agriculture, Forestry and Fishing — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.