Domestic credit provided by financial sector in Albania
Albania: Domestic credit provided by financial sector was 56.4% in 2024. ▼ Falling
Domestic credit provided by financial sector in Albania, 2009–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Albania is 56.4%, measured in 2024.
That represents a change of up 2.5% on the previous year and down 22.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Albania peaked at 72.8% in 2014 and was at its lowest, 55.1%, in 2023.
Albania ranks 37th of 65 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Domestic credit provided by financial sector in Albania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 67.3% | — |
| 2010 | 66.6% | -1.1% |
| 2011 | 69.9% | +5.0% |
| 2012 | 70.6% | +1.1% |
| 2013 | 72.1% | +2.1% |
| 2014 | 72.8% | +1.0% |
| 2015 | 67.6% | -7.1% |
| 2016 | 65.7% | -2.9% |
| 2017 | 62.5% | -4.9% |
| 2018 | 57.6% | -7.7% |
| 2019 | 60.7% | +5.3% |
| 2020 | 68.7% | +13.2% |
| 2021 | 63.6% | -7.4% |
| 2022 | 59.7% | -6.1% |
| 2023 | 55.1% | -7.8% |
| 2024 | 56.4% | +2.5% |
Albania compared with similar countries
- Albania's 56.4% is below the median for upper middle income countries, which is 62.6%, 90% of the median. (30 countries reporting)
- Albania's 56.4% is above the median for Europe & Central Asia, which is 53.7%, 1.1× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 67.3% | 67.3% | 67.3% | 1 |
| 2010s | 66.6% | 57.6% | 72.8% | 10 |
| 2020s | 60.7% | 55.1% | 68.7% | 5 |
Countries ranked near Albania
More financial sector data for Albania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 15.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.07 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 15.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in Albania?
- Domestic credit provided by financial sector in Albania was 56.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Albania?
- The highest recorded value was 72.8% in 2014.
- What is the lowest domestic credit provided by financial sector recorded in Albania?
- The lowest recorded value was 55.1% in 2023.
- How does Albania rank for domestic credit provided by financial sector?
- Albania ranks 37th out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Albania?
- Over the last ten years it is down 22.5%. The long-run trend across the full record is falling.
- Where does this Albania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes 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.