Domestic credit to private sector by banks in Peru
Peru: Domestic credit to private sector by banks was 39.6% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Peru, 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 Peru stood at 39.6%.
The figure is down 7.8% on the previous year and down 3.1% over ten years.
Over the whole period, domestic credit to private sector by banks in Peru peaked at 55.3% in 2020 and was at its lowest, 6.1%, in 1978.
Peru ranks 90th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Peru, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 9.8% | — |
| 1961 | 10.7% | +8.7% |
| 1962 | 11.0% | +3.1% |
| 1963 | 11.1% | +0.7% |
| 1964 | 10.9% | -1.9% |
| 1965 | 11.2% | +2.9% |
| 1966 | 10.3% | -7.9% |
| 1967 | 9.8% | -4.8% |
| 1968 | 8.9% | -9.2% |
| 1969 | 8.7% | -2.1% |
| 1970 | 8.6% | -1.7% |
| 1971 | 9.4% | +9.6% |
| 1972 | 10.3% | +9.6% |
| 1973 | 10.6% | +2.3% |
| 1974 | 9.2% | -12.9% |
| 1975 | 9.3% | +1.4% |
| 1976 | 8.5% | -8.9% |
| 1977 | 7.1% | -16.0% |
| 1978 | 6.1% | -14.7% |
| 1979 | 6.1% | +0.8% |
| 1980 | 8.9% | +45.9% |
| 1981 | 11.6% | +29.9% |
| 1982 | 11.6% | -0.7% |
| 1983 | 13.4% | +15.8% |
| 1984 | 12.0% | -10.3% |
| 1985 | 9.7% | -19.0% |
| 1986 | 8.4% | -13.4% |
| 1987 | 7.5% | -11.5% |
| 1988 | 8.8% | +18.1% |
| 1989 | 8.2% | -6.4% |
| 1990 | 8.0% | -3.1% |
| 1991 | 7.0% | -13.0% |
| 1992 | 9.1% | +30.4% |
| 1993 | 11.1% | +22.5% |
| 1994 | 13.3% | +19.6% |
| 1995 | 15.9% | +19.5% |
| 1996 | 21.0% | +32.5% |
| 1997 | 24.4% | +16.1% |
| 1998 | 28.2% | +15.5% |
| 1999 | 29.0% | +2.8% |
| 2000 | 26.3% | -9.1% |
| 2001 | 23.4% | -11.0% |
| 2002 | 22.2% | -5.3% |
| 2003 | 20.0% | -10.0% |
| 2004 | 17.9% | -10.4% |
| 2005 | 19.1% | +6.5% |
| 2006 | 20.8% | +9.2% |
| 2007 | 24.6% | +18.2% |
| 2008 | 29.8% | +21.0% |
| 2009 | 30.0% | +0.8% |
| 2010 | 30.3% | +0.8% |
| 2011 | 32.3% | +6.8% |
| 2012 | 34.0% | +5.4% |
| 2013 | 37.7% | +10.8% |
| 2014 | 40.9% | +8.4% |
| 2015 | 43.9% | +7.3% |
| 2016 | 42.8% | -2.4% |
| 2017 | 42.4% | -0.9% |
| 2018 | 43.9% | +3.5% |
| 2019 | 44.7% | +1.9% |
| 2020 | 55.3% | +23.7% |
| 2021 | 47.1% | -14.8% |
| 2022 | 45.6% | -3.1% |
| 2023 | 42.9% | -5.9% |
| 2024 | 39.6% | -7.8% |
Peru compared with similar countries
- Peru's 39.6% is below the median for upper middle income countries, which is 39.8%, 99% of the median. (55 countries reporting)
- Peru's 39.6% is below the median for Latin America & Caribbean, which is 42.9%, 92% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.2% | 8.7% | 11.2% | 10 |
| 1970s | 8.5% | 6.1% | 10.6% | 10 |
| 1980s | 10.0% | 7.5% | 13.4% | 10 |
| 1990s | 16.7% | 7.0% | 29.0% | 10 |
| 2000s | 23.4% | 17.9% | 30.0% | 10 |
| 2010s | 39.3% | 30.3% | 44.7% | 10 |
| 2020s | 46.1% | 39.6% | 55.3% | 5 |
Countries ranked near Peru
More financial sector data for Peru
- Reserve position in the IMF, US dollar, annual growth rate 5.94 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.46 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.8855 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 9.83 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.94 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.46 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.8855 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Peru?
- Domestic credit to private sector by banks in Peru was 39.6% 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 Peru?
- The highest recorded value was 55.3% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Peru?
- The lowest recorded value was 6.1% in 1978.
- How does Peru rank for domestic credit to private sector by banks?
- Peru ranks 90th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Peru?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is volatile.
- Where does this Peru 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.