Domestic credit to private sector by banks in Portugal
Portugal: Domestic credit to private sector by banks was 77.0% in 2024. ▼ Falling
Domestic credit to private sector by banks in Portugal, 2001–2024
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 Portugal is 77.0%, measured in 2024. That is the lowest value across all 24 years on record.
The figure is down 3.9% on the previous year and down 40.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Portugal peaked at 159.8% in 2009 and was at its lowest, 77.0%, in 2024.
Portugal ranks 29th of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Domestic credit to private sector by banks in Portugal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 114.9% | — |
| 2002 | 118.9% | +3.5% |
| 2003 | 120.5% | +1.4% |
| 2004 | 121.1% | +0.5% |
| 2005 | 124.7% | +3.0% |
| 2006 | 133.3% | +6.9% |
| 2007 | 142.2% | +6.6% |
| 2008 | 151.4% | +6.5% |
| 2009 | 159.8% | +5.5% |
| 2010 | 155.3% | -2.8% |
| 2011 | 156.0% | +0.4% |
| 2012 | 152.7% | -2.1% |
| 2013 | 142.9% | -6.4% |
| 2014 | 129.6% | -9.3% |
| 2015 | 119.9% | -7.4% |
| 2016 | 111.2% | -7.3% |
| 2017 | 102.8% | -7.6% |
| 2018 | 97.0% | -5.6% |
| 2019 | 93.3% | -3.9% |
| 2020 | 104.0% | +11.5% |
| 2021 | 98.8% | -5.0% |
| 2022 | 89.4% | -9.5% |
| 2023 | 80.1% | -10.3% |
| 2024 | 77.0% | -3.9% |
Portugal compared with similar countries
- Portugal's 77.0% is above the median for high income countries, which is 64.3%, 1.2× the median. (61 countries reporting)
- Portugal's 77.0% is above the median for Europe & Central Asia, which is 52.1%, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 131.9% | 114.9% | 159.8% | 9 |
| 2010s | 126.1% | 93.3% | 156.0% | 10 |
| 2020s | 89.9% | 77.0% | 104.0% | 5 |
Countries ranked near Portugal
More financial sector data for Portugal
- Reserve position in the IMF, US dollar, annual growth rate 19.33 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 67.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 13.63 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 49.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 19.33 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 67.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 13.63 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Portugal?
- Domestic credit to private sector by banks in Portugal was 77.0% 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 Portugal?
- The highest recorded value was 159.8% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Portugal?
- The lowest recorded value was 77.0% in 2024.
- How does Portugal rank for domestic credit to private sector by banks?
- Portugal ranks 29th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Portugal?
- Over the last ten years it is down 40.5%. The long-run trend across the full record is falling.
- Where does this Portugal 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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CSV · JSON — 24 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.