Domestic credit to private sector by banks in East Asia & Pacific (IDA & IBRD countries)
East Asia & Pacific (IDA & IBRD countries): Domestic credit to private sector by banks was 176.6% in 2024. ▲ Rising
Domestic credit to private sector by banks in East Asia & Pacific (IDA & IBRD countries), 1985–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in East Asia & Pacific (IDA & IBRD countries) stood at 176.6%. That is the highest value across all 40 years on record.
That represents a change of 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 (IDA & IBRD countries) peaked at 176.6% in 2024 and was at its lowest, 54.6%, in 1985.
East Asia & Pacific (IDA & IBRD countries) 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 (IDA & IBRD countries), 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 (IDA & IBRD countries)
- 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 (IDA & IBRD countries)
- Net migration -405,879 (2025)
- Total reserves in months of imports 11.31 (2025)
- Broad money 210.6% (2024)
- Claims on central government, etc. 42.5% (2024)
- Domestic credit to private sector 177.7% (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)
- Monetary Sector credit to private sector 176.6% (2024)
- Net migration, annual growth rate 14.4 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in East Asia & Pacific (IDA & IBRD countries)?
- Domestic credit to private sector by banks in East Asia & Pacific (IDA & IBRD countries) 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 (IDA & IBRD countries)?
- 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 (IDA & IBRD countries)?
- The lowest recorded value was 54.6% in 1985.
- How does East Asia & Pacific (IDA & IBRD countries) rank for domestic credit to private sector by banks?
- East Asia & Pacific (IDA & IBRD countries) 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 (IDA & IBRD countries)?
- 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 (IDA & IBRD countries) 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.