Armenia vs Heavily indebted poor countries (HIPC): Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Armenia
- Heavily indebted poor countries (HIPC)
How they compare
Armenia currently reports 68.7% against 21.5% in Heavily indebted poor countries (HIPC), a difference of 47.2%.
That makes Armenia's figure about 3.2 times Heavily indebted poor countries (HIPC)'s.
The two have swapped places 4 times across 32 shared years of data; in 1992 it was Armenia ahead.
Armenia ranks 40th and Heavily indebted poor countries (HIPC) ranks 43rd of 187 countries.
Across the 4 decades both report, Armenia averaged higher in 3 and Heavily indebted poor countries (HIPC) in 1.
Head to head by decade
| Decade | Armenia | Heavily indebted poor countries (HIPC) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11.9% | 11.4% | 0.5% | Armenia |
| 2000s | 11.0% | 11.8% | 0.7% | Heavily indebted poor countries (HIPC) |
| 2010s | 43.8% | 16.9% | 26.8% | Armenia |
| 2020s | 57.9% | 20.3% | 37.6% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Armenia or Heavily indebted poor countries (HIPC)?
- Armenia, at 68.7% against 21.5% in Heavily indebted poor countries (HIPC) as of 2025.
- What is the difference in domestic credit to private sector by banks between Armenia and Heavily indebted poor countries (HIPC)?
- 47.2%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Heavily indebted poor countries (HIPC)?
- 32 years are reported by both, from 1992 to 2023.
- How do Armenia and Heavily indebted poor countries (HIPC) rank globally for domestic credit to private sector by banks?
- Armenia ranks 40th and Heavily indebted poor countries (HIPC) 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.