Domestic credit to private sector by banks in Ireland
Ireland: Domestic credit to private sector by banks was 23.8% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Ireland, 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 Ireland is 23.8%, measured in 2024. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 5.7% on the previous year and down 69.7% over ten years.
Over the whole period, domestic credit to private sector by banks in Ireland peaked at 169.3% in 2009 and was at its lowest, 23.8%, in 2024.
That places Ireland 128th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 71.8% | — |
| 2002 | 75.4% | +5.1% |
| 2003 | 85.7% | +13.7% |
| 2004 | 104.9% | +22.4% |
| 2005 | 124.6% | +18.8% |
| 2006 | 144.6% | +16.0% |
| 2007 | 158.1% | +9.4% |
| 2008 | 166.3% | +5.2% |
| 2009 | 169.3% | +1.8% |
| 2010 | 133.4% | -21.2% |
| 2011 | 114.7% | -14.0% |
| 2012 | 110.6% | -3.6% |
| 2013 | 102.4% | -7.4% |
| 2014 | 78.4% | -23.5% |
| 2015 | 51.3% | -34.6% |
| 2016 | 47.4% | -7.6% |
| 2017 | 42.6% | -10.1% |
| 2018 | 39.7% | -6.8% |
| 2019 | 36.1% | -9.2% |
| 2020 | 32.3% | -10.3% |
| 2021 | 26.5% | -18.1% |
| 2022 | 25.4% | -3.9% |
| 2023 | 25.2% | -0.9% |
| 2024 | 23.8% | -5.7% |
Ireland compared with similar countries
- Ireland's 23.8% is below the median for high income countries, which is 64.3%, 37% of the median. (61 countries reporting)
- Ireland's 23.8% is below the median for Europe & Central Asia, which is 52.1%, 46% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 122.3% | 71.8% | 169.3% | 9 |
| 2010s | 75.7% | 36.1% | 133.4% | 10 |
| 2020s | 26.7% | 23.8% | 32.3% | 5 |
Countries ranked near Ireland
More financial sector data for Ireland
- Reserve position in the IMF, US dollar, annual growth rate 13.07 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 223.7 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.68 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 163.34 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.07 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 223.7 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.68 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Ireland?
- Domestic credit to private sector by banks in Ireland was 23.8% 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 Ireland?
- The highest recorded value was 169.3% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Ireland?
- The lowest recorded value was 23.8% in 2024.
- How does Ireland rank for domestic credit to private sector by banks?
- Ireland ranks 128th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Ireland?
- Over the last ten years it is down 69.7%. The long-run trend across the full record is volatile.
- Where does this Ireland 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.
Download this data
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.