Domestic credit to private sector by banks in China
China: Domestic credit to private sector by banks was 194.3% in 2024. ▲ Rising
Domestic credit to private sector by banks in China, 1985–2024
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 China is 194.3%, measured in 2024. That is the highest value across all 40 years on record.
Compared with earlier readings it is up 2.5% on the previous year and up 41.2% over ten years.
Over the whole period, domestic credit to private sector by banks in China peaked at 194.3% in 2024 and was at its lowest, 65.2%, in 1985.
China ranks 2nd of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 40 years of available data.
Domestic credit to private sector by banks in China, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1985 | 65.2% | — |
| 1986 | 74.6% | +14.4% |
| 1987 | 76.0% | +1.9% |
| 1988 | 71.8% | -5.5% |
| 1989 | 75.0% | +4.4% |
| 1990 | 83.9% | +11.9% |
| 1991 | 86.1% | +2.6% |
| 1992 | 84.1% | -2.3% |
| 1993 | 94.6% | +12.5% |
| 1994 | 84.0% | -11.2% |
| 1995 | 82.7% | -1.6% |
| 1996 | 88.1% | +6.5% |
| 1997 | 95.9% | +8.9% |
| 1998 | 104.3% | +8.7% |
| 1999 | 109.3% | +4.8% |
| 2000 | 109.9% | +0.5% |
| 2001 | 108.6% | -1.2% |
| 2002 | 115.8% | +6.6% |
| 2003 | 123.8% | +6.9% |
| 2004 | 116.8% | -5.6% |
| 2005 | 110.3% | -5.6% |
| 2006 | 107.6% | -2.4% |
| 2007 | 104.2% | -3.2% |
| 2008 | 100.4% | -3.6% |
| 2009 | 122.3% | +21.8% |
| 2010 | 124.4% | +1.7% |
| 2011 | 121.2% | -2.6% |
| 2012 | 126.8% | +4.7% |
| 2013 | 131.9% | +4.0% |
| 2014 | 137.6% | +4.3% |
| 2015 | 149.6% | +8.7% |
| 2016 | 153.2% | +2.4% |
| 2017 | 152.1% | -0.7% |
| 2018 | 155.0% | +1.9% |
| 2019 | 162.2% | +4.7% |
| 2020 | 179.1% | +10.4% |
| 2021 | 173.6% | -3.1% |
| 2022 | 181.8% | +4.7% |
| 2023 | 189.6% | +4.3% |
| 2024 | 194.3% | +2.5% |
China compared with similar countries
- China's 194.3% is above the median for upper middle income countries, which is 39.8%, 4.9× the median. (55 countries reporting)
- China's 194.3% is above the median for East Asia & Pacific, which is 65.2%, 3.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 72.5% | 65.2% | 76.0% | 5 |
| 1990s | 91.3% | 82.7% | 109.3% | 10 |
| 2000s | 112.0% | 100.4% | 123.8% | 10 |
| 2010s | 141.4% | 121.2% | 162.2% | 10 |
| 2020s | 183.7% | 173.6% | 194.3% | 5 |
Countries ranked near China
- 1 Hong Kong, China 222.6% compare
- 3 Switzerland 167.8% compare
- 4 Korea 160.3% compare
- 5 Denmark 144.1% compare
More financial sector data for China
- Reserve position in the IMF, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.95 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 9.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.8 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 14.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.95 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 9.09 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in China?
- Domestic credit to private sector by banks in China was 194.3% 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 China?
- The highest recorded value was 194.3% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in China?
- The lowest recorded value was 65.2% in 1985.
- How does China rank for domestic credit to private sector by banks?
- China ranks 2nd out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in China?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is rising.
- Where does this China 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.