Domestic credit to private sector by banks in Belgium
Belgium: Domestic credit to private sector by banks was 66.8% in 2024. ▲ Rising
Domestic credit to private sector by banks in Belgium, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Belgium stood at 66.8%.
Compared with earlier readings it is down 1.5% on the previous year and up 15.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Belgium peaked at 74.2% in 2020 and was at its lowest, 54.5%, in 2012.
Belgium ranks 43rd of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Domestic credit to private sector by banks in Belgium, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 66.3% | — |
| 2002 | 64.1% | -3.3% |
| 2003 | 62.5% | -2.5% |
| 2004 | 61.8% | -1.1% |
| 2005 | 63.6% | +2.8% |
| 2006 | 65.8% | +3.5% |
| 2007 | 68.4% | +4.0% |
| 2008 | 62.8% | -8.3% |
| 2009 | 58.5% | -6.8% |
| 2010 | 56.8% | -2.9% |
| 2011 | 55.0% | -3.1% |
| 2012 | 54.5% | -1.0% |
| 2013 | 56.2% | +3.1% |
| 2014 | 57.6% | +2.6% |
| 2015 | 60.8% | +5.5% |
| 2016 | 63.0% | +3.7% |
| 2017 | 64.0% | +1.5% |
| 2018 | 66.3% | +3.7% |
| 2019 | 67.8% | +2.1% |
| 2020 | 74.2% | +9.4% |
| 2021 | 73.0% | -1.6% |
| 2022 | 70.8% | -2.9% |
| 2023 | 67.8% | -4.3% |
| 2024 | 66.8% | -1.5% |
Belgium compared with similar countries
- Belgium's 66.8% is above the median for high income countries, which is 64.3%, 1.0× the median. (61 countries reporting)
- Belgium's 66.8% is above the median for Europe & Central Asia, which is 52.1%, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.8% | 58.5% | 68.4% | 9 |
| 2010s | 60.2% | 54.5% | 67.8% | 10 |
| 2020s | 70.5% | 66.8% | 74.2% | 5 |
Countries ranked near Belgium
- 40 Armenia 68.7% compare
- 41 United Arab Emirates 68.0% compare
- 42 Panama 66.8% compare
- 44 Georgia 65.9% compare
- 45 Saint Kitts and Nevis 65.0% compare
- 46 Saudi Arabia 64.3% compare
More financial sector data for Belgium
- Reserve position in the IMF, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 193.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.35 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 141.16 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 193.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.35 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Belgium?
- Domestic credit to private sector by banks in Belgium was 66.8% 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 Belgium?
- The highest recorded value was 74.2% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Belgium?
- The lowest recorded value was 54.5% in 2012.
- How does Belgium rank for domestic credit to private sector by banks?
- Belgium ranks 43rd out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Belgium?
- Over the last ten years it is up 15.9%. The long-run trend across the full record is rising.
- Where does this Belgium 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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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.