Finland vs Latin America & Caribbean: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Finland
- Latin America & Caribbean
How they compare
Finland currently reports 90.9% against 48.5% in Latin America & Caribbean, a difference of 42.4%.
That makes Finland's figure about 1.9 times Latin America & Caribbean's.
Across all 24 years both countries report, Finland has been ahead every year.
Finland ranks 23rd and Latin America & Caribbean ranks 23rd of 187 countries.
Finland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Finland | Latin America & Caribbean | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 68.6% | 26.1% | 42.5% | Finland |
| 2010s | 92.9% | 43.3% | 49.6% | Finland |
| 2020s | 95.3% | 47.7% | 47.6% | Finland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Finland or Latin America & Caribbean?
- Finland, at 90.9% against 48.5% in Latin America & Caribbean as of 2024.
- What is the difference in domestic credit to private sector by banks between Finland and Latin America & Caribbean?
- 42.4%, with Finland ahead.
- How many years of comparable data are there for Finland and Latin America & Caribbean?
- 24 years are reported by both, from 2001 to 2024.
- How do Finland and Latin America & Caribbean rank globally for domestic credit to private sector by banks?
- Finland ranks 23rd and Latin America & Caribbean ranks 23rd 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.