Domestic credit to private sector by banks (% of GDP) in High income
High income: Domestic credit to private sector by banks (% of GDP) was 73.1% in 2024. ▲ Rising
Domestic credit to private sector by banks in High income, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in High income stood at 73.1%.
Compared with earlier readings it is down 2.9% on the previous year and down 10.6% over ten years.
Over the whole period, domestic credit to private sector by banks in High income peaked at 92.2% in 2008 and was at its lowest, 35.9%, in 1960.
That places High income 15th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Domestic credit to private sector by banks (% of GDP) in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 35.9% | — |
| 1961 | 37.3% | +3.9% |
| 1962 | 39.8% | +6.8% |
| 1963 | 42.8% | +7.4% |
| 1964 | 44.0% | +3.0% |
| 1965 | 45.8% | +4.1% |
| 1966 | 45.8% | -0.1% |
| 1967 | 46.6% | +1.9% |
| 1968 | 47.3% | +1.3% |
| 1969 | 47.8% | +1.1% |
| 1970 | 51.0% | +6.7% |
| 1971 | 53.2% | +4.4% |
| 1972 | 58.4% | +9.8% |
| 1973 | 61.5% | +5.3% |
| 1974 | 59.8% | -2.7% |
| 1975 | 58.3% | -2.6% |
| 1976 | 58.4% | +0.3% |
| 1977 | 60.3% | +3.2% |
| 1978 | 63.3% | +5.0% |
| 1981 | 61.1% | -3.6% |
| 1982 | 61.5% | +0.8% |
| 1983 | 63.6% | +3.4% |
| 1984 | 65.7% | +3.3% |
| 1985 | 67.8% | +3.2% |
| 1986 | 77.0% | +13.5% |
| 1987 | 83.2% | +8.1% |
| 1988 | 88.3% | +6.1% |
| 1989 | 89.2% | +1.0% |
| 1991 | 87.2% | -2.2% |
| 1993 | 88.8% | +1.9% |
| 1994 | 90.2% | +1.5% |
| 1995 | 91.3% | +1.2% |
| 1996 | 87.6% | -4.0% |
| 1997 | 88.2% | +0.7% |
| 1998 | 87.8% | -0.4% |
| 1999 | 89.6% | +2.0% |
| 2000 | 90.2% | +0.7% |
| 2001 | 77.7% | -13.8% |
| 2002 | 77.1% | -0.8% |
| 2003 | 78.5% | +1.8% |
| 2004 | 80.3% | +2.2% |
| 2005 | 83.2% | +3.7% |
| 2006 | 86.4% | +3.8% |
| 2007 | 90.2% | +4.4% |
| 2008 | 92.2% | +2.2% |
| 2009 | 90.6% | -1.7% |
| 2010 | 87.7% | -3.1% |
| 2011 | 85.8% | -2.2% |
| 2012 | 83.9% | -2.2% |
| 2013 | 82.8% | -1.3% |
| 2014 | 81.7% | -1.3% |
| 2015 | 80.7% | -1.2% |
| 2016 | 81.2% | +0.6% |
| 2017 | 80.7% | -0.6% |
| 2018 | 80.7% | +0.1% |
| 2019 | 80.9% | +0.1% |
| 2020 | 86.5% | +7.0% |
| 2021 | 82.1% | -5.0% |
| 2022 | 78.6% | -4.3% |
| 2023 | 75.3% | -4.2% |
| 2024 | 73.1% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 43.3% | 35.9% | 47.8% | 10 |
| 1970s | 58.2% | 51.0% | 63.3% | 9 |
| 1980s | 73.0% | 61.1% | 89.2% | 9 |
| 1990s | 88.8% | 87.2% | 91.3% | 8 |
| 2000s | 84.6% | 77.1% | 92.2% | 10 |
| 2010s | 82.6% | 80.7% | 87.7% | 10 |
| 2020s | 79.1% | 73.1% | 86.5% | 5 |
Countries ranked near High income
More financial sector data for High income
- Monetary Sector credit to private sector 72.9% (2024)
- Net migration 2.38 million (2025)
- Net migration, annual growth rate -27.98 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, annual growth rate -5.22 % change on previous year (2025)
- Domestic credit to private sector 152.1% (2024)
- Claims on central government, etc. 43.1% (2024)
- Broad money 138.4% (2020)
- Total reserves in months of imports 7.91 (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in High income?
- Domestic credit to private sector by banks in High income was 73.1% 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 High income?
- The highest recorded value was 92.2% in 2008.
- What is the lowest domestic credit to private sector by banks recorded in High income?
- The lowest recorded value was 35.9% in 1960.
- How does High income rank for domestic credit to private sector by banks?
- High income ranks 15th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in High income?
- Over the last ten years it is down 10.6%. The long-run trend across the full record is rising.
- Where does this High income 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.