Domestic credit to private sector by banks in United Kingdom
United Kingdom: Domestic credit to private sector by banks was 112.3% in 2024. ◆ Volatile
Domestic credit to private sector by banks in United Kingdom, 1960–2024
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 United Kingdom is 112.3%, measured in 2024.
The figure is down 4.8% on the previous year and down 16.6% over ten years.
Over the whole period, domestic credit to private sector by banks in United Kingdom peaked at 190.7% in 2009 and was at its lowest, 17.3%, in 1960.
United Kingdom ranks 17th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in United Kingdom, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 17.3% | — |
| 1961 | 17.5% | +0.9% |
| 1962 | 17.4% | -0.3% |
| 1963 | 19.3% | +10.9% |
| 1964 | 20.7% | +6.9% |
| 1965 | 20.6% | -0.2% |
| 1966 | 19.5% | -5.5% |
| 1967 | 19.8% | +1.7% |
| 1968 | 19.7% | -0.6% |
| 1969 | 19.4% | -1.8% |
| 1970 | 19.8% | +2.4% |
| 1971 | 20.8% | +4.7% |
| 1972 | 28.6% | +37.6% |
| 1973 | 33.6% | +17.6% |
| 1974 | 35.2% | +4.9% |
| 1975 | 28.3% | -19.6% |
| 1976 | 27.4% | -3.4% |
| 1977 | 26.1% | -4.7% |
| 1978 | 25.6% | -1.9% |
| 1979 | 25.9% | +1.0% |
| 1980 | 26.2% | +1.4% |
| 1981 | 30.9% | +17.7% |
| 1982 | 34.0% | +10.3% |
| 1983 | 37.1% | +8.9% |
| 1984 | 42.2% | +13.9% |
| 1985 | 43.9% | +4.0% |
| 1986 | 77.6% | +76.8% |
| 1987 | 82.8% | +6.6% |
| 1988 | 91.6% | +10.6% |
| 1989 | 102.9% | +12.4% |
| 1990 | 104.8% | +1.8% |
| 1991 | 102.3% | -2.4% |
| 1992 | 101.7% | -0.6% |
| 1993 | 99.9% | -1.8% |
| 1994 | 100.0% | +0.2% |
| 1995 | 97.0% | -3.0% |
| 1996 | 99.8% | +2.9% |
| 1997 | 101.5% | +1.7% |
| 1998 | 101.4% | -0.1% |
| 1999 | 104.6% | +3.1% |
| 2000 | 113.5% | +8.6% |
| 2001 | 118.9% | +4.7% |
| 2002 | 123.8% | +4.2% |
| 2003 | 128.7% | +3.9% |
| 2004 | 136.2% | +5.8% |
| 2005 | 142.2% | +4.4% |
| 2006 | 152.6% | +7.4% |
| 2007 | 169.2% | +10.9% |
| 2008 | 189.1% | +11.8% |
| 2009 | 190.7% | +0.8% |
| 2010 | 183.5% | -3.7% |
| 2011 | 169.5% | -7.6% |
| 2012 | 159.9% | -5.7% |
| 2013 | 148.9% | -6.9% |
| 2014 | 134.6% | -9.6% |
| 2015 | 130.0% | -3.4% |
| 2016 | 131.3% | +1.0% |
| 2017 | 132.0% | +0.5% |
| 2018 | 132.5% | +0.4% |
| 2019 | 131.2% | -1.0% |
| 2020 | 145.0% | +10.6% |
| 2021 | 135.7% | -6.4% |
| 2022 | 125.8% | -7.3% |
| 2023 | 118.0% | -6.3% |
| 2024 | 112.3% | -4.8% |
United Kingdom compared with similar countries
- United Kingdom's 112.3% is above the median for high income countries, which is 64.3%, 1.7× the median. (61 countries reporting)
- United Kingdom's 112.3% is above the median for Europe & Central Asia, which is 52.1%, 2.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in United Kingdom changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +76.8% | 43.9% | 77.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.1% | 17.3% | 20.7% | 10 |
| 1970s | 27.1% | 19.8% | 35.2% | 10 |
| 1980s | 56.9% | 26.2% | 102.9% | 10 |
| 1990s | 101.3% | 97.0% | 104.8% | 10 |
| 2000s | 146.5% | 113.5% | 190.7% | 10 |
| 2010s | 145.3% | 130.0% | 183.5% | 10 |
| 2020s | 127.4% | 112.3% | 145.0% | 5 |
Countries ranked near United Kingdom
More financial sector data for United Kingdom
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % 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 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % 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 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % 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 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in United Kingdom?
- Domestic credit to private sector by banks in United Kingdom was 112.3% 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 United Kingdom?
- The highest recorded value was 190.7% in 2009.
- What is the lowest domestic credit to private sector by banks recorded in United Kingdom?
- The lowest recorded value was 17.3% in 1960.
- How does United Kingdom rank for domestic credit to private sector by banks?
- United Kingdom ranks 17th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in United Kingdom?
- Over the last ten years it is down 16.6%. The long-run trend across the full record is volatile.
- Where does this United Kingdom 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.