Domestic credit to private sector by banks in European Union
European Union: Domestic credit to private sector by banks was 73.5% in 2024. ▼ Falling
Domestic credit to private sector by banks in European Union, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
European Union recorded 73.5% for domestic credit to private sector by banks in 2024. That is the lowest value across all 24 years on record.
The figure is down 4.8% on the previous year and down 19.8% over ten years.
Over the whole period, domestic credit to private sector by banks in European Union peaked at 104.2% in 2009 and was at its lowest, 73.5%, in 2024.
European Union ranks 13th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Domestic credit to private sector by banks in European Union, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 86.0% | — |
| 2002 | 85.7% | -0.3% |
| 2003 | 86.8% | +1.2% |
| 2004 | 88.1% | +1.6% |
| 2005 | 92.4% | +4.9% |
| 2006 | 96.1% | +4.0% |
| 2007 | 99.3% | +3.4% |
| 2008 | 101.3% | +2.0% |
| 2009 | 104.2% | +2.9% |
| 2010 | 101.6% | -2.5% |
| 2011 | 99.9% | -1.7% |
| 2012 | 98.1% | -1.7% |
| 2013 | 95.5% | -2.7% |
| 2014 | 91.7% | -4.0% |
| 2015 | 89.0% | -2.9% |
| 2016 | 87.9% | -1.2% |
| 2017 | 86.3% | -1.8% |
| 2018 | 84.9% | -1.7% |
| 2019 | 83.9% | -1.1% |
| 2020 | 91.2% | +8.7% |
| 2021 | 86.8% | -4.9% |
| 2022 | 82.5% | -5.0% |
| 2023 | 77.2% | -6.4% |
| 2024 | 73.5% | -4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.3% | 85.7% | 104.2% | 9 |
| 2010s | 91.9% | 83.9% | 101.6% | 10 |
| 2020s | 82.2% | 73.5% | 91.2% | 5 |
Countries ranked near European Union
More financial sector data for European Union
- Claims on central government, etc. 24.7% (2024)
- Total reserves in months of imports, annual growth rate 26.01 % 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 -262.9 % change on previous year (2025)
- Net migration -317,019 (2025)
- Domestic credit to private sector 75.6% (2024)
- Monetary Sector credit to private sector 75.6% (2024)
- Total reserves in months of imports 4.22 (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 European Union?
- Domestic credit to private sector by banks in European Union was 73.5% 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 European Union?
- The highest recorded value was 104.2% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in European Union?
- The lowest recorded value was 73.5% in 2024.
- How does European Union rank for domestic credit to private sector by banks?
- European Union ranks 13th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in European Union?
- Over the last ten years it is down 19.8%. The long-run trend across the full record is falling.
- Where does this European Union 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.