Domestic credit to private sector by banks (% of GDP) in Slovak Republic
Slovak Republic: Domestic credit to private sector by banks (% of GDP) was 59.6% in 2024. ▲ Rising
Domestic credit to private sector by banks in Slovak Republic, 2006–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Slovak Republic stood at 59.6%.
That represents a change of down 3.0% on the previous year and up 20.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Slovak Republic peaked at 66.7% in 2022 and was at its lowest, 33.7%, in 2006.
That places Slovak Republic 53rd out of 187 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Domestic credit to private sector by banks (% of GDP) in Slovak Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 33.7% | — |
| 2007 | 37.3% | +10.7% |
| 2008 | 40.7% | +8.9% |
| 2009 | 44.9% | +10.4% |
| 2010 | 44.3% | -1.3% |
| 2011 | 46.0% | +3.8% |
| 2012 | 46.1% | +0.3% |
| 2013 | 47.7% | +3.3% |
| 2014 | 49.5% | +3.8% |
| 2015 | 52.3% | +5.7% |
| 2016 | 56.7% | +8.3% |
| 2017 | 59.9% | +5.7% |
| 2018 | 61.4% | +2.6% |
| 2019 | 62.5% | +1.7% |
| 2020 | 65.6% | +5.1% |
| 2021 | 65.1% | -0.8% |
| 2022 | 66.7% | +2.5% |
| 2023 | 61.5% | -7.9% |
| 2024 | 59.6% | -3.0% |
Slovak Republic compared with similar countries
- Slovak Republic's 59.6% is below the median for high income countries, which is 64.3%, 93% of the median. (61 countries reporting)
- Slovak Republic's 59.6% is above the median for Europe & Central Asia, which is 52.1%, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.2% | 33.7% | 44.9% | 4 |
| 2010s | 52.6% | 44.3% | 62.5% | 10 |
| 2020s | 63.7% | 59.6% | 66.7% | 5 |
Countries ranked near Slovak Republic
More financial sector data for Slovak Republic
- Reserve position in the IMF, US dollar, annual growth rate 13.54 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 65.71 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.12 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 47.98 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.54 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 65.71 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.12 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Slovak Republic?
- Domestic credit to private sector by banks in Slovak Republic was 59.6% 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 Slovak Republic?
- The highest recorded value was 66.7% in 2022.
- What is the lowest domestic credit to private sector by banks recorded in Slovak Republic?
- The lowest recorded value was 33.7% in 2006.
- How does Slovak Republic rank for domestic credit to private sector by banks?
- Slovak Republic ranks 53rd out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Slovak Republic?
- Over the last ten years it is up 20.5%. The long-run trend across the full record is rising.
- Where does this Slovak Republic 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.