Domestic credit to private sector by banks in Albania
Albania: Domestic credit to private sector by banks was 31.5% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Albania, 1994–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Albania is 31.5%, measured in 2024.
That represents a change of up 5.5% on the previous year and down 15.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Albania peaked at 39.1% in 2012 and was at its lowest, 3.1%, in 1995.
Albania ranks 112th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Albania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | 4.0% | — |
| 1995 | 3.1% | -23.4% |
| 1996 | 3.2% | +3.9% |
| 1997 | 3.9% | +20.0% |
| 1998 | 3.8% | -2.2% |
| 1999 | 4.0% | +6.2% |
| 2000 | 4.7% | +17.7% |
| 2001 | 6.0% | +26.7% |
| 2002 | 6.2% | +4.1% |
| 2003 | 7.4% | +18.7% |
| 2004 | 9.3% | +26.2% |
| 2005 | 15.0% | +60.5% |
| 2006 | 21.7% | +44.7% |
| 2007 | 28.7% | +32.5% |
| 2008 | 34.3% | +19.4% |
| 2009 | 35.9% | +4.6% |
| 2010 | 36.9% | +2.7% |
| 2011 | 39.1% | +5.9% |
| 2012 | 39.1% | +0.2% |
| 2013 | 37.8% | -3.4% |
| 2014 | 37.2% | -1.6% |
| 2015 | 35.1% | -5.7% |
| 2016 | 34.2% | -2.5% |
| 2017 | 32.0% | -6.5% |
| 2018 | 30.1% | -5.9% |
| 2019 | 31.0% | +2.9% |
| 2020 | 34.9% | +12.7% |
| 2021 | 33.6% | -3.7% |
| 2022 | 31.2% | -7.0% |
| 2023 | 29.8% | -4.5% |
| 2024 | 31.5% | +5.5% |
Albania compared with similar countries
- Albania's 31.5% is below the median for upper middle income countries, which is 39.8%, 79% of the median. (55 countries reporting)
- Albania's 31.5% is below the median for Europe & Central Asia, which is 52.1%, 60% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.7% | 3.1% | 4.0% | 6 |
| 2000s | 16.9% | 4.7% | 35.9% | 10 |
| 2010s | 35.2% | 30.1% | 39.1% | 10 |
| 2020s | 32.2% | 29.8% | 34.9% | 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 to private sector by banks in Albania?
- Domestic credit to private sector by banks in Albania was 31.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Albania?
- The highest recorded value was 39.1% in 2012.
- What is the lowest domestic credit to private sector by banks recorded in Albania?
- The lowest recorded value was 3.1% in 1995.
- How does Albania rank for domestic credit to private sector by banks?
- Albania ranks 112th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Albania?
- Over the last ten years it is down 15.4%. The long-run trend across the full record is volatile.
- 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 to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. 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.