Domestic credit to private sector by banks in Latin America & Caribbean
Latin America & Caribbean: Domestic credit to private sector by banks was 48.5% in 2025. ▲ Rising
Domestic credit to private sector by banks in Latin America & Caribbean, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in Latin America & Caribbean stood at 48.5%.
Compared with earlier readings it is up 1.0% on the previous year and up 8.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Latin America & Caribbean peaked at 71.2% in 1989 and was at its lowest, 13.4%, in 1966.
Latin America & Caribbean ranks 23rd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Domestic credit to private sector by banks in Latin America & Caribbean, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 14.6% | — |
| 1961 | 14.2% | -2.7% |
| 1962 | 14.4% | +1.1% |
| 1963 | 13.6% | -5.4% |
| 1964 | 13.6% | -0.5% |
| 1965 | 13.6% | +0.2% |
| 1966 | 13.4% | -1.1% |
| 1967 | 14.7% | +9.6% |
| 1968 | 16.1% | +9.1% |
| 1969 | 19.3% | +20.2% |
| 1970 | 21.2% | +9.9% |
| 1971 | 23.1% | +8.7% |
| 1972 | 24.6% | +6.6% |
| 1973 | 23.7% | -3.5% |
| 1974 | 24.7% | +3.9% |
| 1975 | 27.8% | +12.8% |
| 1976 | 29.5% | +6.0% |
| 1977 | 27.7% | -6.1% |
| 1978 | 27.6% | -0.4% |
| 1979 | 28.4% | +2.9% |
| 1980 | 25.6% | -9.7% |
| 1981 | 27.7% | +8.1% |
| 1982 | 29.8% | +7.7% |
| 1983 | 29.6% | -0.7% |
| 1984 | 28.8% | -3.0% |
| 1985 | 25.6% | -11.1% |
| 1986 | 18.2% | -28.7% |
| 1987 | 18.0% | -1.3% |
| 1988 | 51.0% | +183.5% |
| 1989 | 71.2% | +39.7% |
| 1990 | 27.7% | -61.1% |
| 1991 | 27.1% | -2.3% |
| 1992 | 39.5% | +46.0% |
| 1993 | 50.7% | +28.4% |
| 1994 | 38.2% | -24.6% |
| 1995 | 31.6% | -17.2% |
| 1996 | 29.8% | -5.9% |
| 1997 | 31.0% | +4.0% |
| 1998 | 26.4% | -14.9% |
| 1999 | 25.0% | -5.2% |
| 2000 | 24.1% | -3.7% |
| 2001 | 21.8% | -9.3% |
| 2002 | 22.1% | +1.3% |
| 2003 | 21.4% | -3.1% |
| 2004 | 21.8% | +1.8% |
| 2005 | 23.7% | +8.8% |
| 2006 | 26.7% | +12.3% |
| 2007 | 30.4% | +14.1% |
| 2008 | 32.4% | +6.5% |
| 2009 | 34.1% | +5.2% |
| 2010 | 36.6% | +7.3% |
| 2011 | 40.3% | +10.2% |
| 2012 | 42.3% | +4.8% |
| 2013 | 44.1% | +4.3% |
| 2014 | 45.1% | +2.3% |
| 2015 | 44.6% | -1.2% |
| 2016 | 44.6% | -0.0% |
| 2017 | 44.3% | -0.5% |
| 2018 | 44.9% | +1.2% |
| 2019 | 46.4% | +3.5% |
| 2020 | 49.8% | +7.2% |
| 2021 | 47.3% | -5.0% |
| 2022 | 46.9% | -0.8% |
| 2023 | 46.6% | -0.7% |
| 2024 | 48.0% | +3.1% |
| 2025 | 48.5% | +1.0% |
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Latin America & Caribbean changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +183.5% | 18.0% | 51.0% |
| 1990 | -61.1% | 71.2% | 27.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.8% | 13.4% | 19.3% | 10 |
| 1970s | 25.8% | 21.2% | 29.5% | 10 |
| 1980s | 32.6% | 18.0% | 71.2% | 10 |
| 1990s | 32.7% | 25.0% | 50.7% | 10 |
| 2000s | 25.9% | 21.4% | 34.1% | 10 |
| 2010s | 43.3% | 36.6% | 46.4% | 10 |
| 2020s | 47.8% | 46.6% | 49.8% | 6 |
Countries ranked near Latin America & Caribbean
More financial sector data for Latin America & Caribbean
- Net migration -401,848 (2025)
- Total reserves in months of imports 6.54 (2025)
- Broad money 72.7% (2025)
- Claims on central government, etc. 33.6% (2025)
- Domestic credit to private sector 52.6% (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 3.91 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Monetary Sector credit to private sector 48.2% (2025)
- Net migration, annual growth rate -6.2 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Latin America & Caribbean?
- Domestic credit to private sector by banks in Latin America & Caribbean was 48.5% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Latin America & Caribbean?
- The highest recorded value was 71.2% in 1989.
- What is the lowest domestic credit to private sector by banks recorded in Latin America & Caribbean?
- The lowest recorded value was 13.4% in 1966.
- How does Latin America & Caribbean rank for domestic credit to private sector by banks?
- Latin America & Caribbean ranks 23rd out of 47 groups with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 8.8%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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 — 66 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.