Domestic credit to private sector in Albania
Albania: Domestic credit to private sector was 34.1% in 2024. ▼ Falling
Domestic credit to private sector in Albania, 2009–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Albania is 34.1%, measured in 2024.
The figure is up 5.1% on the previous year and down 12.6% over ten years.
Over the whole period, domestic credit to private sector in Albania peaked at 41.0% in 2012 and was at its lowest, 32.5%, in 2023.
Albania ranks 108th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 16 years of available data.
Domestic credit to private sector in Albania, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 37.3% | — |
| 2010 | 38.6% | +3.4% |
| 2011 | 40.9% | +6.0% |
| 2012 | 41.0% | +0.4% |
| 2013 | 39.7% | -3.2% |
| 2014 | 39.1% | -1.7% |
| 2015 | 36.9% | -5.6% |
| 2016 | 36.2% | -1.8% |
| 2017 | 34.1% | -5.7% |
| 2018 | 32.5% | -4.8% |
| 2019 | 33.7% | +3.7% |
| 2020 | 37.7% | +11.8% |
| 2021 | 36.4% | -3.4% |
| 2022 | 33.8% | -7.3% |
| 2023 | 32.5% | -3.9% |
| 2024 | 34.1% | +5.1% |
Albania compared with similar countries
- Albania's 34.1% is below the median for upper middle income countries, which is 44.9%, 76% of the median. (55 countries reporting)
- Albania's 34.1% is below the median for Europe & Central Asia, which is 51.6%, 66% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 37.3% | 37.3% | 37.3% | 1 |
| 2010s | 37.3% | 32.5% | 41.0% | 10 |
| 2020s | 34.9% | 32.5% | 37.7% | 5 |
Countries ranked near Albania
More financial sector data for Albania
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 15.16 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 11.07 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 15.16 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Albania?
- Domestic credit to private sector in Albania was 34.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Albania?
- The highest recorded value was 41.0% in 2012.
- What is the lowest domestic credit to private sector recorded in Albania?
- The lowest recorded value was 32.5% in 2023.
- How does Albania rank for domestic credit to private sector?
- Albania ranks 108th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Albania?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is falling.
- Where does this Albania data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.