Domestic credit to private sector by banks in World
World: Domestic credit to private sector by banks was 89.5% in 2024. ▲ Rising
Domestic credit to private sector by banks in World, 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 World is 89.5%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 9.1% over ten years.
Over the whole period, domestic credit to private sector by banks in World peaked at 95.9% in 2020 and was at its lowest, 32.0%, in 1960.
World ranks 10th of 47 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 65 years of available data.
Domestic credit to private sector by banks in World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 32.0% | — |
| 1961 | 32.9% | +2.9% |
| 1962 | 35.1% | +6.9% |
| 1963 | 37.2% | +5.9% |
| 1964 | 38.2% | +2.6% |
| 1965 | 39.7% | +3.9% |
| 1966 | 40.0% | +0.9% |
| 1967 | 41.0% | +2.4% |
| 1968 | 41.7% | +1.8% |
| 1969 | 42.4% | +1.6% |
| 1970 | 45.3% | +6.8% |
| 1971 | 47.5% | +4.8% |
| 1972 | 52.0% | +9.6% |
| 1973 | 54.1% | +4.0% |
| 1974 | 51.6% | -4.7% |
| 1975 | 50.8% | -1.5% |
| 1976 | 51.3% | +1.0% |
| 1977 | 52.8% | +3.0% |
| 1978 | 56.0% | +6.0% |
| 1979 | 54.6% | -2.5% |
| 1980 | 52.1% | -4.6% |
| 1981 | 52.4% | +0.7% |
| 1982 | 53.3% | +1.6% |
| 1983 | 55.9% | +5.0% |
| 1984 | 57.9% | +3.7% |
| 1985 | 59.9% | +3.3% |
| 1986 | 68.1% | +13.8% |
| 1987 | 73.7% | +8.2% |
| 1988 | 80.4% | +9.1% |
| 1989 | 82.6% | +2.8% |
| 1990 | 78.6% | -4.8% |
| 1991 | 78.5% | -0.2% |
| 1992 | 78.9% | +0.5% |
| 1993 | 81.4% | +3.1% |
| 1994 | 81.4% | +0.1% |
| 1995 | 81.4% | +0.0% |
| 1996 | 78.0% | -4.3% |
| 1997 | 78.6% | +0.8% |
| 1998 | 78.0% | -0.8% |
| 1999 | 80.6% | +3.4% |
| 2000 | 80.8% | +0.2% |
| 2001 | 72.4% | -10.5% |
| 2002 | 72.6% | +0.3% |
| 2003 | 74.2% | +2.2% |
| 2004 | 75.2% | +1.4% |
| 2005 | 77.0% | +2.4% |
| 2006 | 79.2% | +2.8% |
| 2007 | 82.0% | +3.5% |
| 2008 | 83.2% | +1.4% |
| 2009 | 84.1% | +1.1% |
| 2010 | 81.7% | -2.9% |
| 2011 | 80.5% | -1.4% |
| 2012 | 80.5% | -0.0% |
| 2013 | 81.2% | +0.9% |
| 2014 | 82.0% | +1.1% |
| 2015 | 84.7% | +3.3% |
| 2016 | 85.5% | +0.9% |
| 2017 | 84.5% | -1.2% |
| 2018 | 86.0% | +1.9% |
| 2019 | 87.3% | +1.5% |
| 2020 | 95.9% | +9.8% |
| 2021 | 92.9% | -3.1% |
| 2022 | 91.3% | -1.7% |
| 2023 | 89.6% | -1.9% |
| 2024 | 89.5% | -0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.0% | 32.0% | 42.4% | 10 |
| 1970s | 51.6% | 45.3% | 56.0% | 10 |
| 1980s | 63.6% | 52.1% | 82.6% | 10 |
| 1990s | 79.5% | 78.0% | 81.4% | 10 |
| 2000s | 78.1% | 72.4% | 84.1% | 10 |
| 2010s | 83.4% | 80.5% | 87.3% | 10 |
| 2020s | 91.9% | 89.5% | 95.9% | 5 |
Countries ranked near World
More financial sector data for World
- Reserve position in the IMF, US dollar, annual growth rate 11.65 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.97 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.32 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 13.85 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.65 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.97 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.32 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in World?
- Domestic credit to private sector by banks in World was 89.5% 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 World?
- The highest recorded value was 95.9% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in World?
- The lowest recorded value was 32.0% in 1960.
- How does World rank for domestic credit to private sector by banks?
- World ranks 10th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in World?
- Over the last ten years it is up 9.1%. The long-run trend across the full record is rising.
- Where does this World 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 — 65 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.