Domestic credit to private sector by banks in Euro area
Euro area: Domestic credit to private sector by banks was 78.1% in 2023. ▼ Falling
Domestic credit to private sector by banks in Euro area, 2001–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Euro area recorded 78.1% for domestic credit to private sector by banks in 2023. That is the lowest value across all 23 years on record.
The figure is down 6.2% on the previous year and down 18.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Euro area peaked at 105.4% in 2009 and was at its lowest, 78.1%, in 2023.
That places Euro area 11th out of 47 groups with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 23 years of available data.
Domestic credit to private sector by banks in Euro area, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 87.8% | — |
| 2002 | 87.9% | +0.1% |
| 2003 | 88.8% | +1.0% |
| 2004 | 89.9% | +1.3% |
| 2005 | 94.5% | +5.0% |
| 2006 | 98.1% | +3.9% |
| 2007 | 101.1% | +3.0% |
| 2008 | 103.0% | +1.8% |
| 2009 | 105.4% | +2.4% |
| 2010 | 102.6% | -2.6% |
| 2011 | 100.7% | -1.9% |
| 2012 | 98.7% | -2.0% |
| 2013 | 95.7% | -3.0% |
| 2014 | 91.5% | -4.3% |
| 2015 | 88.8% | -3.0% |
| 2016 | 87.6% | -1.4% |
| 2017 | 86.0% | -1.8% |
| 2018 | 84.6% | -1.6% |
| 2019 | 83.9% | -0.9% |
| 2020 | 91.9% | +9.5% |
| 2021 | 87.2% | -5.2% |
| 2022 | 83.2% | -4.5% |
| 2023 | 78.1% | -6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 95.2% | 87.8% | 105.4% | 9 |
| 2010s | 92.0% | 83.9% | 102.6% | 10 |
| 2020s | 85.1% | 78.1% | 91.9% | 4 |
Countries ranked near Euro area
More financial sector data for Euro area
- Claims on central government, etc. 28.9% (2024)
- Total reserves in months of imports, annual growth rate 43.68 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Net migration, annual growth rate -77.56 % change on previous year (2025)
- Net migration 102,179 (2025)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Domestic credit to private sector 77.1% (2024)
- Monetary Sector credit to private sector 77.1% (2024)
- Total reserves in months of imports 3.67 (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Euro area?
- Domestic credit to private sector by banks in Euro area was 78.1% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Euro area?
- The highest recorded value was 105.4% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Euro area?
- The lowest recorded value was 78.1% in 2023.
- How does Euro area rank for domestic credit to private sector by banks?
- Euro area ranks 11th out of 47 groups with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Euro area?
- Over the last ten years it is down 18.4%. The long-run trend across the full record is falling.
- Where does this Euro area 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.