Domestic credit to private sector by banks in East Asia & Pacific (excluding high income)
East Asia & Pacific (excluding high income): Domestic credit to private sector by banks was 176.6% in 2024. ▲ Rising
Domestic credit to private sector by banks in East Asia & Pacific (excluding high income), 1985–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
East Asia & Pacific (excluding high income) recorded 176.6% for domestic credit to private sector by banks in 2024. That is the highest value across all 40 years on record.
The figure is up 2.3% on the previous year and up 41.5% over ten years.
Over the whole period, domestic credit to private sector by banks in East Asia & Pacific (excluding high income) peaked at 176.6% in 2024 and was at its lowest, 54.6%, in 1985.
East Asia & Pacific (excluding high income) ranks 1st of 47 groups 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 East Asia & Pacific (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1985 | 54.6% | — |
| 1986 | 61.2% | +12.1% |
| 1987 | 61.2% | +0.0% |
| 1988 | 60.0% | -1.9% |
| 1989 | 64.5% | +7.5% |
| 1990 | 71.6% | +11.0% |
| 1991 | 73.8% | +3.1% |
| 1992 | 75.6% | +2.5% |
| 1993 | 81.8% | +8.1% |
| 1994 | 80.9% | -1.0% |
| 1995 | 82.9% | +2.5% |
| 1996 | 88.5% | +6.7% |
| 1997 | 96.5% | +9.0% |
| 1998 | 101.2% | +4.9% |
| 1999 | 97.9% | -3.3% |
| 2000 | 95.8% | -2.1% |
| 2001 | 95.4% | -0.4% |
| 2002 | 100.0% | +4.9% |
| 2003 | 105.3% | +5.2% |
| 2004 | 101.4% | -3.7% |
| 2005 | 96.6% | -4.7% |
| 2006 | 93.7% | -3.0% |
| 2007 | 92.1% | -1.7% |
| 2008 | 89.9% | -2.4% |
| 2009 | 108.5% | +20.7% |
| 2010 | 108.5% | +0.0% |
| 2011 | 107.3% | -1.1% |
| 2012 | 113.1% | +5.5% |
| 2013 | 119.0% | +5.2% |
| 2014 | 124.8% | +4.9% |
| 2015 | 136.0% | +8.9% |
| 2016 | 138.5% | +1.9% |
| 2017 | 137.8% | -0.5% |
| 2018 | 141.3% | +2.5% |
| 2019 | 146.8% | +3.9% |
| 2020 | 163.0% | +11.0% |
| 2021 | 160.1% | -1.8% |
| 2022 | 165.7% | +3.5% |
| 2023 | 172.7% | +4.2% |
| 2024 | 176.6% | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 60.3% | 54.6% | 64.5% | 5 |
| 1990s | 85.1% | 71.6% | 101.2% | 10 |
| 2000s | 97.9% | 89.9% | 108.5% | 10 |
| 2010s | 127.3% | 107.3% | 146.8% | 10 |
| 2020s | 167.6% | 160.1% | 176.6% | 5 |
Countries ranked near East Asia & Pacific (excluding high income)
- 1 Hong Kong 222.6% compare
- 2 China 194.3% compare
- 3 Switzerland 167.8% compare
- 4 South Korea 160.3% compare
More financial sector data for East Asia & Pacific (excluding high income)
- Net migration -408,528 (2025)
- Total reserves in months of imports 11.31 (2025)
- Monetary Sector credit to private sector 176.6% (2024)
- Broad money 210.6% (2024)
- Claims on central government, etc. 42.5% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 11.66 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 177.7% (2024)
- Net migration, annual growth rate 14.26 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in East Asia & Pacific (excluding high income)?
- Domestic credit to private sector by banks in East Asia & Pacific (excluding high income) was 176.6% 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 East Asia & Pacific (excluding high income)?
- The highest recorded value was 176.6% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in East Asia & Pacific (excluding high income)?
- The lowest recorded value was 54.6% in 1985.
- How does East Asia & Pacific (excluding high income) rank for domestic credit to private sector by banks?
- East Asia & Pacific (excluding high income) ranks 1st out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in East Asia & Pacific (excluding high income)?
- Over the last ten years it is up 41.5%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific (excluding high income) 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.