Domestic credit to private sector by banks in Europe & Central Asia
Europe & Central Asia: Domestic credit to private sector by banks was 76.8% in 2024. ▼ Falling
Domestic credit to private sector by banks in Europe & Central Asia, 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 Europe & Central Asia stood at 76.8%. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 4.0% on the previous year and down 17.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Europe & Central Asia peaked at 108.9% in 2009 and was at its lowest, 76.8%, in 2024.
Europe & Central Asia ranks 12th of 47 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Domestic credit to private sector by banks in Europe & Central Asia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 88.5% | — |
| 2002 | 89.0% | +0.5% |
| 2003 | 90.2% | +1.4% |
| 2004 | 92.0% | +2.0% |
| 2005 | 95.3% | +3.6% |
| 2006 | 99.0% | +3.8% |
| 2007 | 103.7% | +4.7% |
| 2008 | 105.6% | +1.9% |
| 2009 | 108.9% | +3.1% |
| 2010 | 104.9% | -3.6% |
| 2011 | 101.0% | -3.8% |
| 2012 | 98.5% | -2.4% |
| 2013 | 95.8% | -2.8% |
| 2014 | 93.5% | -2.4% |
| 2015 | 92.9% | -0.6% |
| 2016 | 92.3% | -0.7% |
| 2017 | 87.8% | -4.9% |
| 2018 | 86.7% | -1.2% |
| 2019 | 85.8% | -1.1% |
| 2020 | 93.9% | +9.5% |
| 2021 | 88.6% | -5.7% |
| 2022 | 85.5% | -3.5% |
| 2023 | 80.0% | -6.4% |
| 2024 | 76.8% | -4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 96.9% | 88.5% | 108.9% | 9 |
| 2010s | 93.9% | 85.8% | 104.9% | 10 |
| 2020s | 85.0% | 76.8% | 93.9% | 5 |
Countries ranked near Europe & Central Asia
More financial sector data for Europe & Central Asia
- Monetary Sector credit to private sector 78.1% (2024)
- Total reserves in months of imports, annual growth rate -13.05 % 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 -6.05 % change on previous year (2025)
- Net migration 1.18 million (2025)
- Domestic credit to private sector 79.0% (2024)
- Claims on central government, etc. 21.7% (2024)
- Total reserves in months of imports 6.56 (2025)
- Total reserves in months of imports, per square kilometre 0 units per square kilometre (2023)
Frequently asked questions
- What is domestic credit to private sector by banks in Europe & Central Asia?
- Domestic credit to private sector by banks in Europe & Central Asia was 76.8% 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 Europe & Central Asia?
- The highest recorded value was 108.9% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Europe & Central Asia?
- The lowest recorded value was 76.8% in 2024.
- How does Europe & Central Asia rank for domestic credit to private sector by banks?
- Europe & Central Asia ranks 12th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Europe & Central Asia?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia 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.