Domestic credit to private sector by banks in Spain
Spain: Domestic credit to private sector by banks was 72.4% in 2024. ▼ Falling
Domestic credit to private sector by banks in Spain, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Spain recorded 72.4% for domestic credit to private sector by banks in 2024. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 5.3% on the previous year and down 44.0% over ten years.
Over the whole period, domestic credit to private sector by banks in Spain peaked at 173.4% in 2009 and was at its lowest, 72.4%, in 2024.
Spain ranks 34th 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 Spain, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 94.9% | — |
| 2002 | 99.3% | +4.6% |
| 2003 | 106.5% | +7.3% |
| 2004 | 115.9% | +8.8% |
| 2005 | 135.9% | +17.2% |
| 2006 | 156.6% | +15.2% |
| 2007 | 167.6% | +7.1% |
| 2008 | 170.7% | +1.9% |
| 2009 | 173.4% | +1.5% |
| 2010 | 171.3% | -1.2% |
| 2011 | 167.0% | -2.5% |
| 2012 | 157.4% | -5.7% |
| 2013 | 145.7% | -7.4% |
| 2014 | 129.3% | -11.3% |
| 2015 | 118.2% | -8.6% |
| 2016 | 110.6% | -6.4% |
| 2017 | 104.4% | -5.6% |
| 2018 | 97.9% | -6.3% |
| 2019 | 93.4% | -4.5% |
| 2020 | 105.6% | +13.0% |
| 2021 | 96.2% | -8.9% |
| 2022 | 86.0% | -10.6% |
| 2023 | 76.5% | -11.1% |
| 2024 | 72.4% | -5.3% |
Spain compared with similar countries
- Spain's 72.4% is above the median for high income countries, which is 64.3%, 1.1× the median. (61 countries reporting)
- Spain's 72.4% is above the median for Europe & Central Asia, which is 52.1%, 1.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 135.7% | 94.9% | 173.4% | 9 |
| 2010s | 129.5% | 93.4% | 171.3% | 10 |
| 2020s | 87.4% | 72.4% | 105.6% | 5 |
Countries ranked near Spain
More financial sector data for Spain
- Reserve position in the IMF, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 69.18 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.11 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 50.52 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.53 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 69.18 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.11 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Spain?
- Domestic credit to private sector by banks in Spain was 72.4% 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 Spain?
- The highest recorded value was 173.4% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in Spain?
- The lowest recorded value was 72.4% in 2024.
- How does Spain rank for domestic credit to private sector by banks?
- Spain ranks 34th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Spain?
- Over the last ten years it is down 44.0%. The long-run trend across the full record is falling.
- Where does this Spain 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.