Armenia vs Belgium: Domestic credit to private sector
Domestic credit to private sector over time
- Armenia
- Belgium
How they compare
Armenia currently reports 70.5% against 68.1% in Belgium, a difference of 2.4%.
Across all 16 years both countries report, Belgium has been ahead every year.
Armenia ranks 44th and Belgium ranks 46th 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 | 24.9% | 58.5% | 33.6% | Belgium |
| 2010s | 45.7% | 60.7% | 15.0% | Belgium |
| 2020s | 61.2% | 72.2% | 10.9% | Belgium |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Armenia or Belgium?
- Armenia, at 70.5% against 68.1% in Belgium as of 2025.
- What is the difference in domestic credit to private sector between Armenia and Belgium?
- 2.4%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Belgium?
- 16 years are reported by both, from 2009 to 2024.
- How do Armenia and Belgium rank globally for domestic credit to private sector?
- Armenia ranks 44th and Belgium ranks 46th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% 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 refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.