India vs Montenegro: Private credit by deposit money banks to GDP

India
51.9%
in 2021
Montenegro
52.7%
in 2021
India rank
81st
Montenegro rank
80th

Private credit by deposit money banks to GDP over time

  • India
  • Montenegro
020406080196019902021

How they compare

Montenegro currently reports 52.7% against 51.9% in India, a difference of 0.8%.

The two have swapped places 3 times across 20 shared years of data; in 2002 it was India ahead.

India ranks 81st and Montenegro ranks 80th of 187 countries.

Across the 3 decades both report, India averaged higher in 1 and Montenegro in 2.

Head to head by decade

Decade India Montenegro Difference Ahead
2000s 42.0% 41.3% 0.7% India
2010s 52.2% 52.6% 0.3% Montenegro
2020s 54.1% 56.4% 2.2% Montenegro

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks to gdp, India or Montenegro?
Montenegro, at 52.7% against 51.9% in India as of 2021.
What is the difference in private credit by deposit money banks to gdp between India and Montenegro?
0.8%, with Montenegro ahead.
How many years of comparable data are there for India and Montenegro?
20 years are reported by both, from 2002 to 2021.
How do India and Montenegro rank globally for private credit by deposit money banks to gdp?
India ranks 81st and Montenegro ranks 80th 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 to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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India vs Montenegro: Private credit by deposit money banks to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 16 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-to-gdp-percent/india/montenegro/

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About this data

Indicator
Private credit by deposit money banks to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,608 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 (IFS line 22d); 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).