Domestic credit to private sector by banks in Italy
Italy: Domestic credit to private sector by banks was 59.2% in 2024. ▬ Flat
Domestic credit to private sector by banks in Italy, 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 Italy stood at 59.2%. That is the lowest value across all 24 years on record.
That represents a change of down 4.3% on the previous year and down 32.7% over ten years.
Over the whole period, domestic credit to private sector by banks in Italy peaked at 93.4% in 2011 and was at its lowest, 59.2%, in 2024.
Italy ranks 54th of 187 countries on this measure, in the middle of the range.
Domestic credit to private sector by banks in Italy, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 59.9% | — |
| 2002 | 61.6% | +2.9% |
| 2003 | 64.9% | +5.3% |
| 2004 | 67.2% | +3.5% |
| 2005 | 70.3% | +4.7% |
| 2006 | 75.1% | +6.8% |
| 2007 | 81.2% | +8.1% |
| 2008 | 83.2% | +2.5% |
| 2009 | 87.0% | +4.5% |
| 2010 | 92.5% | +6.3% |
| 2011 | 93.4% | +1.0% |
| 2012 | 93.1% | -0.3% |
| 2013 | 90.2% | -3.1% |
| 2014 | 88.1% | -2.4% |
| 2015 | 86.8% | -1.5% |
| 2016 | 84.1% | -3.1% |
| 2017 | 79.6% | -5.4% |
| 2018 | 75.4% | -5.2% |
| 2019 | 72.4% | -4.1% |
| 2020 | 81.1% | +12.0% |
| 2021 | 74.4% | -8.2% |
| 2022 | 68.3% | -8.2% |
| 2023 | 61.9% | -9.3% |
| 2024 | 59.2% | -4.3% |
Italy compared with similar countries
- Italy's 59.2% is below the median for high income countries, which is 64.3%, 92% of the median. (61 countries reporting)
- Italy's 59.2% is above the median for Europe & Central Asia, which is 52.1%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 72.3% | 59.9% | 87.0% | 9 |
| 2010s | 85.6% | 72.4% | 93.4% | 10 |
| 2020s | 69.0% | 59.2% | 81.1% | 5 |
Countries ranked near Italy
- 52 Slovakia 59.6% compare
- 53 Barbados 59.6% compare
- 55 South Africa 59.2% compare
- 56 Aruba 58.0% compare
- 57 Iran, Islamic Republic of 57.8% compare
More financial sector data for Italy
- Reserve position in the IMF, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.77 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.79 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 67.01 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.77 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.79 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Italy?
- Domestic credit to private sector by banks in Italy was 59.2% 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 Italy?
- The highest recorded value was 93.4% in 2011.
- What is the lowest domestic credit to private sector by banks recorded in Italy?
- The lowest recorded value was 59.2% in 2024.
- How does Italy rank for domestic credit to private sector by banks?
- Italy ranks 54th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Italy?
- Over the last ten years it is down 32.7%. The long-run trend across the full record is flat.
- Where does this Italy 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.