Domestic credit to private sector by banks in Luxembourg
Luxembourg: Domestic credit to private sector by banks was 93.2% in 2023. ▲ Rising
Domestic credit to private sector by banks in Luxembourg, 2001–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Luxembourg recorded 93.2% for domestic credit to private sector by banks in 2023.
That represents a change of down 9.1% on the previous year and up 7.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Luxembourg peaked at 110.2% in 2020 and was at its lowest, 66.0%, in 2004.
Luxembourg ranks 22nd of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Domestic credit to private sector by banks in Luxembourg, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 78.5% | — |
| 2002 | 67.5% | -14.0% |
| 2003 | 69.1% | +2.3% |
| 2004 | 66.0% | -4.4% |
| 2005 | 71.3% | +8.0% |
| 2006 | 74.7% | +4.8% |
| 2007 | 85.3% | +14.2% |
| 2008 | 101.2% | +18.6% |
| 2009 | 101.0% | -0.2% |
| 2010 | 86.1% | -14.7% |
| 2011 | 84.2% | -2.3% |
| 2012 | 83.6% | -0.7% |
| 2013 | 86.7% | +3.7% |
| 2014 | 86.3% | -0.4% |
| 2015 | 91.8% | +6.3% |
| 2016 | 96.3% | +4.9% |
| 2017 | 100.5% | +4.4% |
| 2018 | 105.5% | +5.0% |
| 2019 | 109.0% | +3.3% |
| 2020 | 110.2% | +1.1% |
| 2021 | 103.0% | -6.5% |
| 2022 | 102.5% | -0.4% |
| 2023 | 93.2% | -9.1% |
Luxembourg compared with similar countries
- Luxembourg's 93.2% is above the median for high income countries, which is 64.3%, 1.4× the median. (61 countries reporting)
- Luxembourg's 93.2% is above the median for Europe & Central Asia, which is 52.1%, 1.8× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.4% | 66.0% | 101.2% | 9 |
| 2010s | 93.0% | 83.6% | 109.0% | 10 |
| 2020s | 102.2% | 93.2% | 110.2% | 4 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Luxembourg?
- Domestic credit to private sector by banks in Luxembourg was 93.2% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Luxembourg?
- The highest recorded value was 110.2% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Luxembourg?
- The lowest recorded value was 66.0% in 2004.
- How does Luxembourg rank for domestic credit to private sector by banks?
- Luxembourg ranks 22nd out of 187 countries with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Luxembourg?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is rising.
- Where does this Luxembourg 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.