Domestic credit provided by financial sector in Pacific island small states
Pacific island small states: Domestic credit provided by financial sector was 125.4% in 2024. ▲ Rising
Domestic credit provided by financial sector in Pacific island small states, 2007–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Pacific island small states recorded 125.4% for domestic credit provided by financial sector in 2024.
Compared with earlier readings it is down 1.6% on the previous year and up 46.5% over ten years.
Over the whole period, domestic credit provided by financial sector in Pacific island small states peaked at 146.1% in 2021 and was at its lowest, 85.6%, in 2014.
The long-run direction has been consistently rising across the 18 years of available data.
Domestic credit provided by financial sector in Pacific island small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | 98.8% | — |
| 2008 | 103.2% | +4.4% |
| 2009 | 106.3% | +3.0% |
| 2010 | 100.2% | -5.8% |
| 2011 | 88.5% | -11.6% |
| 2012 | 86.9% | -1.8% |
| 2013 | 86.9% | -0.0% |
| 2014 | 85.6% | -1.5% |
| 2015 | 89.4% | +4.5% |
| 2016 | 92.9% | +3.9% |
| 2017 | 93.2% | +0.3% |
| 2018 | 99.2% | +6.5% |
| 2019 | 108.6% | +9.5% |
| 2020 | 133.3% | +22.8% |
| 2021 | 146.1% | +9.6% |
| 2022 | 132.2% | -9.5% |
| 2023 | 127.4% | -3.6% |
| 2024 | 125.4% | -1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 102.8% | 98.8% | 106.3% | 3 |
| 2010s | 93.1% | 85.6% | 108.6% | 10 |
| 2020s | 132.9% | 125.4% | 146.1% | 5 |
Countries ranked near Pacific island small states
More financial sector data for Pacific island small states
- Domestic credit to private sector 85.2% (2024)
- Total reserves in months of imports, annual growth rate -0.3486 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Net migration, annual growth rate 0.164 % change on previous year (2025)
- Net migration -10,352 (2025)
- Domestic credit to private sector by banks 60.2% (2024)
- Claims on central government, etc. 19.0% (2024)
- Broad money 77.8% (2023)
- Monetary Sector credit to private sector 60.4% (2024)
Frequently asked questions
- What is domestic credit provided by financial sector in Pacific island small states?
- Domestic credit provided by financial sector in Pacific island small states was 125.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Pacific island small states?
- The highest recorded value was 146.1% in 2021.
- What is the lowest domestic credit provided by financial sector recorded in Pacific island small states?
- The lowest recorded value was 85.6% in 2014.
- How does Pacific island small states rank for domestic credit provided by financial sector?
- Pacific island small states ranks 3rd out of 6 groups with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Pacific island small states?
- Over the last ten years it is up 46.5%. The long-run trend across the full record is rising.
- Where does this Pacific island small states 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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CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.