Armenia vs Estonia: Private credit by deposit money banks and other financial

Armenia
59.1%
in 2021
Estonia
60.9%
in 2021
Armenia rank
70th
Estonia rank
67th

Private credit by deposit money banks and other financial over time

  • Armenia
  • Estonia
020406080100199220062021

How they compare

Estonia currently reports 60.9% against 59.1% in Armenia, a difference of 1.8%.

The two have swapped places 2 times across 27 shared years of data; in 1995 it was Estonia ahead.

Armenia ranks 70th and Estonia ranks 67th of 187 countries.

Across the 4 decades both report, Armenia averaged higher in 1 and Estonia in 3.

Head to head by decade

Decade Armenia Estonia Difference Ahead
1990s 7.0% 26.3% 19.3% Estonia
2000s 10.9% 61.8% 50.9% Estonia
2010s 43.9% 70.4% 26.5% Estonia
2020s 64.2% 62.8% 1.3% Armenia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks and other financial, Armenia or Estonia?
Estonia, at 60.9% against 59.1% in Armenia as of 2021.
What is the difference in private credit by deposit money banks and other financial between Armenia and Estonia?
1.8%, with Estonia ahead.
How many years of comparable data are there for Armenia and Estonia?
27 years are reported by both, from 1995 to 2021.
How do Armenia and Estonia rank globally for private credit by deposit money banks and other financial?
Armenia ranks 70th and Estonia ranks 67th of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Estonia: Private credit by deposit money banks and other financial. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-and-other-financial-institutions-to-gdp-percent/armenia/estonia/

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About this data

Indicator
Private credit by deposit money banks and other financial institutions to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,619 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)