Domestic credit to private sector by banks (% of GDP) in OECD members
OECD members: Domestic credit to private sector by banks (% of GDP) was 70.2% in 2024. ▲ Rising
Domestic credit to private sector by banks in OECD members, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in OECD members stood at 70.2%.
The figure is down 3.8% on the previous year and down 13.1% over ten years.
Over the whole period, domestic credit to private sector by banks in OECD members peaked at 92.0% in 2008 and was at its lowest, 35.5%, in 1960.
That places OECD members 16th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 64 years of available data.
Domestic credit to private sector by banks (% of GDP) in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 35.5% | — |
| 1961 | 36.9% | +3.8% |
| 1962 | 39.5% | +7.0% |
| 1963 | 42.3% | +7.1% |
| 1964 | 43.5% | +2.8% |
| 1965 | 45.2% | +4.1% |
| 1966 | 45.2% | -0.1% |
| 1967 | 46.1% | +2.0% |
| 1968 | 46.7% | +1.4% |
| 1969 | 47.3% | +1.2% |
| 1970 | 50.5% | +6.8% |
| 1971 | 52.8% | +4.6% |
| 1972 | 57.8% | +9.5% |
| 1973 | 60.9% | +5.3% |
| 1974 | 60.0% | -1.6% |
| 1975 | 58.2% | -3.0% |
| 1976 | 58.7% | +0.9% |
| 1977 | 60.3% | +2.8% |
| 1978 | 63.0% | +4.5% |
| 1979 | 61.9% | -1.8% |
| 1981 | 60.8% | -1.8% |
| 1982 | 61.2% | +0.8% |
| 1983 | 63.3% | +3.3% |
| 1984 | 65.1% | +2.9% |
| 1985 | 66.9% | +2.8% |
| 1986 | 76.4% | +14.2% |
| 1987 | 82.4% | +7.9% |
| 1988 | 87.3% | +5.8% |
| 1989 | 88.3% | +1.2% |
| 1990 | 86.4% | -2.1% |
| 1991 | 85.7% | -0.7% |
| 1992 | 85.7% | -0.1% |
| 1993 | 86.6% | +1.1% |
| 1994 | 88.2% | +1.9% |
| 1995 | 89.4% | +1.4% |
| 1996 | 85.3% | -4.6% |
| 1997 | 85.5% | +0.2% |
| 1998 | 84.7% | -0.9% |
| 1999 | 86.7% | +2.3% |
| 2000 | 87.2% | +0.6% |
| 2001 | 76.0% | -12.8% |
| 2002 | 75.5% | -0.6% |
| 2003 | 77.3% | +2.3% |
| 2004 | 79.2% | +2.5% |
| 2005 | 82.4% | +4.0% |
| 2006 | 85.8% | +4.2% |
| 2007 | 89.7% | +4.5% |
| 2008 | 92.0% | +2.5% |
| 2009 | 89.7% | -2.5% |
| 2010 | 87.1% | -2.9% |
| 2011 | 85.8% | -1.4% |
| 2012 | 83.9% | -2.2% |
| 2013 | 82.5% | -1.7% |
| 2014 | 80.8% | -2.1% |
| 2015 | 79.0% | -2.1% |
| 2016 | 79.6% | +0.7% |
| 2017 | 79.4% | -0.3% |
| 2018 | 79.1% | -0.4% |
| 2019 | 79.0% | -0.1% |
| 2020 | 84.5% | +7.0% |
| 2021 | 80.7% | -4.6% |
| 2022 | 76.8% | -4.8% |
| 2023 | 73.0% | -4.9% |
| 2024 | 70.2% | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 42.8% | 35.5% | 47.3% | 10 |
| 1970s | 58.4% | 50.5% | 63.0% | 10 |
| 1980s | 72.4% | 60.8% | 88.3% | 9 |
| 1990s | 86.4% | 84.7% | 89.4% | 10 |
| 2000s | 83.5% | 75.5% | 92.0% | 10 |
| 2010s | 81.6% | 79.0% | 87.1% | 10 |
| 2020s | 77.1% | 70.2% | 84.5% | 5 |
Countries ranked near OECD members
More financial sector data for OECD members
- Net migration 1.91 million (2025)
- Claims on central government, etc. 43.6% (2024)
- Broad money 113.1% (2024)
- Monetary Sector credit to private sector 70.0% (2024)
- Total reserves in months of imports 6.97 (2025)
- Domestic credit to private sector 147.3% (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, annual growth rate 5.53 % change on previous year (2025)
- Net migration, annual growth rate -26.28 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in OECD members?
- Domestic credit to private sector by banks in OECD members was 70.2% 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 OECD members?
- The highest recorded value was 92.0% in 2008.
- What is the lowest domestic credit to private sector by banks recorded in OECD members?
- The lowest recorded value was 35.5% in 1960.
- How does OECD members rank for domestic credit to private sector by banks?
- OECD members ranks 16th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in OECD members?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is rising.
- Where does this OECD members 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.