Domestic credit to private sector by banks in Low & middle income
Low & middle income: Domestic credit to private sector by banks was 119.3% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Low & middle income, 1961–2024
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 Low & middle income is 119.3%, measured in 2024. That is the highest value across all 64 years on record.
That represents a change of up 2.7% on the previous year and up 44.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Low & middle income peaked at 119.3% in 2024 and was at its lowest, 11.7%, in 1963.
That places Low & middle income 8th out of 47 groups with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 11.8% | — |
| 1962 | 12.1% | +2.4% |
| 1963 | 11.7% | -3.0% |
| 1964 | 11.8% | +1.1% |
| 1965 | 13.6% | +14.7% |
| 1966 | 14.0% | +3.3% |
| 1967 | 14.8% | +5.7% |
| 1968 | 15.8% | +6.7% |
| 1969 | 17.6% | +10.9% |
| 1970 | 18.7% | +6.5% |
| 1971 | 20.1% | +7.2% |
| 1972 | 21.1% | +5.4% |
| 1973 | 21.5% | +1.5% |
| 1974 | 20.9% | -2.6% |
| 1975 | 23.1% | +10.7% |
| 1976 | 24.5% | +5.9% |
| 1977 | 24.1% | -1.4% |
| 1978 | 24.9% | +3.1% |
| 1979 | 25.1% | +1.0% |
| 1980 | 23.3% | -7.3% |
| 1981 | 23.9% | +2.6% |
| 1982 | 25.1% | +4.9% |
| 1983 | 26.6% | +6.0% |
| 1984 | 26.7% | +0.6% |
| 1985 | 31.5% | +17.7% |
| 1986 | 31.5% | +0.2% |
| 1987 | 30.9% | -2.1% |
| 1988 | 42.7% | +38.3% |
| 1989 | 51.4% | +20.5% |
| 1990 | 36.1% | -29.8% |
| 1991 | 35.8% | -1.0% |
| 1992 | 41.7% | +16.4% |
| 1993 | 48.4% | +16.2% |
| 1994 | 44.3% | -8.5% |
| 1995 | 42.3% | -4.4% |
| 1996 | 43.7% | +3.3% |
| 1997 | 46.4% | +6.1% |
| 1998 | 44.4% | -4.2% |
| 1999 | 46.6% | +5.0% |
| 2000 | 46.1% | -1.2% |
| 2001 | 46.6% | +1.1% |
| 2002 | 50.3% | +7.9% |
| 2003 | 52.8% | +4.9% |
| 2004 | 51.6% | -2.2% |
| 2005 | 50.6% | -1.9% |
| 2006 | 51.9% | +2.6% |
| 2007 | 54.2% | +4.3% |
| 2008 | 55.5% | +2.4% |
| 2009 | 66.1% | +19.1% |
| 2010 | 67.2% | +1.6% |
| 2011 | 68.8% | +2.4% |
| 2012 | 73.3% | +6.6% |
| 2013 | 77.9% | +6.3% |
| 2014 | 82.6% | +6.0% |
| 2015 | 92.0% | +11.4% |
| 2016 | 93.3% | +1.4% |
| 2017 | 93.3% | -0.0% |
| 2018 | 97.4% | +4.4% |
| 2019 | 100.6% | +3.2% |
| 2020 | 114.8% | +14.1% |
| 2021 | 113.1% | -1.5% |
| 2022 | 114.1% | +0.9% |
| 2023 | 116.2% | +1.9% |
| 2024 | 119.3% | +2.7% |
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Low & middle income 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 | +38.3% | 30.9% | 42.7% |
| 1990 | -29.8% | 51.4% | 36.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.7% | 11.7% | 17.6% | 9 |
| 1970s | 22.4% | 18.7% | 25.1% | 10 |
| 1980s | 31.4% | 23.3% | 51.4% | 10 |
| 1990s | 43.0% | 35.8% | 48.4% | 10 |
| 2000s | 52.6% | 46.1% | 66.1% | 10 |
| 2010s | 84.6% | 67.2% | 100.6% | 10 |
| 2020s | 115.5% | 113.1% | 119.3% | 5 |
Countries ranked near Low & middle income
More financial sector data for Low & middle income
- Net migration -2.38 million (2025)
- Total reserves in months of imports 9.9 (2025)
- Monetary Sector credit to private sector 119.8% (2024)
- Broad money 159.0% (2024)
- Claims on central government, etc. 34.9% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 10.19 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 121.5% (2024)
- Net migration, annual growth rate 28.03 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Low & middle income?
- Domestic credit to private sector by banks in Low & middle income was 119.3% 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 Low & middle income?
- The highest recorded value was 119.3% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in Low & middle income?
- The lowest recorded value was 11.7% in 1963.
- How does Low & middle income rank for domestic credit to private sector by banks?
- Low & middle income ranks 8th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Low & middle income?
- Over the last ten years it is up 44.5%. The long-run trend across the full record is volatile.
- Where does this Low & middle 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.
Download this data
CSV · JSON — 64 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.