Finland vs Luxembourg: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Finland
- Luxembourg
How they compare
Luxembourg currently reports 93.2% against 90.9% in Finland, a difference of 2.3%.
The two have swapped places 2 times across 23 shared years of data; in 2001 it was Luxembourg ahead.
Finland ranks 23rd and Luxembourg ranks 22nd of 187 countries.
Luxembourg has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Finland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 68.6% | 79.4% | 10.8% | Luxembourg |
| 2010s | 92.9% | 93.0% | 0.1% | Luxembourg |
| 2020s | 96.4% | 102.2% | 5.8% | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Finland or Luxembourg?
- Luxembourg, at 93.2% against 90.9% in Finland as of 2023.
- What is the difference in domestic credit to private sector by banks between Finland and Luxembourg?
- 2.3%, with Luxembourg ahead.
- How many years of comparable data are there for Finland and Luxembourg?
- 23 years are reported by both, from 2001 to 2023.
- How do Finland and Luxembourg rank globally for domestic credit to private sector by banks?
- Finland ranks 23rd and Luxembourg ranks 22nd 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.