Domestic credit to private sector by banks in Upper middle income
Upper middle income: Domestic credit to private sector by banks was 136.8% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Upper middle income, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Upper middle income stood at 136.8%. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 46.2% over ten years.
Over the whole period, domestic credit to private sector by banks in Upper middle income peaked at 136.8% in 2024 and was at its lowest, 16.3%, in 1966.
That places Upper middle income 5th out of 47 groups with data for 2024, putting it 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 Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 16.4% | — |
| 1966 | 16.3% | -0.4% |
| 1967 | 17.6% | +8.1% |
| 1968 | 18.9% | +7.3% |
| 1969 | 21.6% | +14.3% |
| 1970 | 23.5% | +8.6% |
| 1971 | 24.9% | +6.0% |
| 1972 | 26.2% | +5.2% |
| 1973 | 26.1% | -0.5% |
| 1974 | 25.4% | -2.4% |
| 1975 | 27.9% | +9.8% |
| 1976 | 28.7% | +2.7% |
| 1977 | 27.9% | -2.8% |
| 1978 | 28.7% | +2.8% |
| 1979 | 28.5% | -0.5% |
| 1980 | 25.9% | -9.3% |
| 1981 | 28.0% | +8.1% |
| 1982 | 29.1% | +3.9% |
| 1983 | 30.7% | +5.6% |
| 1984 | 30.6% | -0.4% |
| 1985 | 36.4% | +19.2% |
| 1986 | 35.5% | -2.5% |
| 1987 | 34.7% | -2.1% |
| 1988 | 51.3% | +47.7% |
| 1989 | 62.7% | +22.1% |
| 1990 | 42.5% | -32.1% |
| 1991 | 42.4% | -0.2% |
| 1992 | 48.4% | +14.1% |
| 1993 | 56.7% | +17.1% |
| 1994 | 51.2% | -9.7% |
| 1995 | 48.9% | -4.4% |
| 1996 | 50.7% | +3.6% |
| 1997 | 53.6% | +5.8% |
| 1998 | 51.4% | -4.1% |
| 1999 | 52.9% | +2.9% |
| 2000 | 52.2% | -1.3% |
| 2001 | 52.8% | +1.2% |
| 2002 | 57.4% | +8.7% |
| 2003 | 60.8% | +5.9% |
| 2004 | 58.7% | -3.4% |
| 2005 | 57.0% | -3.0% |
| 2006 | 58.3% | +2.3% |
| 2007 | 60.5% | +3.7% |
| 2008 | 61.4% | +1.6% |
| 2009 | 75.0% | +22.0% |
| 2010 | 75.9% | +1.3% |
| 2011 | 77.0% | +1.5% |
| 2012 | 82.4% | +6.9% |
| 2013 | 87.9% | +6.7% |
| 2014 | 93.6% | +6.5% |
| 2015 | 105.0% | +12.2% |
| 2016 | 107.6% | +2.5% |
| 2017 | 107.8% | +0.2% |
| 2018 | 112.4% | +4.3% |
| 2019 | 117.6% | +4.6% |
| 2020 | 134.5% | +14.4% |
| 2021 | 131.7% | -2.1% |
| 2022 | 133.1% | +1.0% |
| 2023 | 134.6% | +1.2% |
| 2024 | 136.8% | +1.7% |
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Upper middle income 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 |
|---|---|---|---|
| 1988 | +47.7% | 34.7% | 51.3% |
| 1990 | -32.1% | 62.7% | 42.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 18.2% | 16.3% | 21.6% | 5 |
| 1970s | 26.8% | 23.5% | 28.7% | 10 |
| 1980s | 36.5% | 25.9% | 62.7% | 10 |
| 1990s | 49.9% | 42.4% | 56.7% | 10 |
| 2000s | 59.4% | 52.2% | 75.0% | 10 |
| 2010s | 96.7% | 75.9% | 117.6% | 10 |
| 2020s | 134.2% | 131.7% | 136.8% | 5 |
Countries ranked near Upper middle income
More financial sector data for Upper middle income
- Net migration 576,949 (2025)
- Total reserves in months of imports 10.37 (2025)
- Monetary Sector credit to private sector 136.9% (2024)
- Broad money 167.9% (2024)
- Claims on central government, etc. 37.8% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 10.98 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 139.0% (2024)
- Net migration, annual growth rate 197.12 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Upper middle income?
- Domestic credit to private sector by banks in Upper middle income was 136.8% 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 Upper middle income?
- The highest recorded value was 136.8% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in Upper middle income?
- The lowest recorded value was 16.3% in 1966.
- How does Upper middle income rank for domestic credit to private sector by banks?
- Upper middle income ranks 5th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Upper middle income?
- Over the last ten years it is up 46.2%. The long-run trend across the full record is volatile.
- Where does this Upper middle income 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.
Download this data
CSV · JSON — 60 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.