Domestic credit to private sector by banks in Greece
Greece: Domestic credit to private sector by banks was 48.4% in 2024. ▬ Flat
Domestic credit to private sector by banks in Greece, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Greece is 48.4%, measured in 2024. That is the lowest value across all 24 years on record.
The figure is down 1.4% on the previous year and down 58.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Greece peaked at 119.9% in 2012 and was at its lowest, 48.4%, in 2024.
That places Greece 76th out of 187 countries with data for 2024, putting it in the middle of the range.
Domestic credit to private sector by banks in Greece, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 51.6% | — |
| 2002 | 54.8% | +6.1% |
| 2003 | 58.6% | +7.0% |
| 2004 | 63.8% | +8.8% |
| 2005 | 73.5% | +15.3% |
| 2006 | 77.4% | +5.3% |
| 2007 | 85.7% | +10.7% |
| 2008 | 90.4% | +5.5% |
| 2009 | 89.1% | -1.4% |
| 2010 | 112.6% | +26.5% |
| 2011 | 119.0% | +5.6% |
| 2012 | 119.9% | +0.8% |
| 2013 | 119.6% | -0.3% |
| 2014 | 117.7% | -1.6% |
| 2015 | 113.2% | -3.8% |
| 2016 | 108.4% | -4.2% |
| 2017 | 100.4% | -7.4% |
| 2018 | 91.0% | -9.4% |
| 2019 | 80.0% | -12.1% |
| 2020 | 81.0% | +1.3% |
| 2021 | 56.0% | -30.9% |
| 2022 | 52.3% | -6.6% |
| 2023 | 49.0% | -6.2% |
| 2024 | 48.4% | -1.4% |
Greece compared with similar countries
- Greece's 48.4% is below the median for high income countries, which is 64.3%, 75% of the median. (61 countries reporting)
- Greece's 48.4% is below the median for Europe & Central Asia, which is 52.1%, 93% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 71.6% | 51.6% | 90.4% | 9 |
| 2010s | 108.2% | 80.0% | 119.9% | 10 |
| 2020s | 57.3% | 48.4% | 81.0% | 5 |
Countries ranked near Greece
More financial sector data for Greece
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 75.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 55.22 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 75.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Greece?
- Domestic credit to private sector by banks in Greece was 48.4% 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 Greece?
- The highest recorded value was 119.9% in 2012.
- What is the lowest domestic credit to private sector by banks recorded in Greece?
- The lowest recorded value was 48.4% in 2024.
- How does Greece rank for domestic credit to private sector by banks?
- Greece ranks 76th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Greece?
- Over the last ten years it is down 58.9%. The long-run trend across the full record is flat.
- Where does this Greece 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.