Armenia vs Belgium: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Armenia
- Belgium
How they compare
Armenia currently reports 68.7% against 66.8% in Belgium, a difference of 1.9%.
Across all 24 years both countries report, Belgium has been ahead every year.
Armenia ranks 40th and Belgium ranks 43rd of 187 countries.
Belgium has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Armenia | Belgium | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 11.2% | 63.8% | 52.6% | Belgium |
| 2010s | 43.8% | 60.2% | 16.4% | Belgium |
| 2020s | 58.8% | 70.5% | 11.7% | Belgium |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Armenia or Belgium?
- Armenia, at 68.7% against 66.8% in Belgium as of 2025.
- What is the difference in domestic credit to private sector by banks between Armenia and Belgium?
- 1.9%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Belgium?
- 24 years are reported by both, from 2001 to 2024.
- How do Armenia and Belgium rank globally for domestic credit to private sector by banks?
- Armenia ranks 40th and Belgium ranks 43rd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.