Domestic credit to private sector in Belgium
Belgium: Domestic credit to private sector was 68.1% in 2024. ▲ Rising
Domestic credit to private sector in Belgium, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Belgium recorded 68.1% for domestic credit to private sector in 2024.
The figure is down 1.7% on the previous year and up 18.3% over ten years.
Over the whole period, domestic credit to private sector in Belgium peaked at 76.1% in 2020 and was at its lowest, 54.5%, in 2012.
That places Belgium 46th out of 187 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Domestic credit to private sector in Belgium, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 66.3% | — |
| 2002 | 64.1% | -3.3% |
| 2003 | 62.5% | -2.5% |
| 2004 | 61.8% | -1.1% |
| 2005 | 63.6% | +2.8% |
| 2006 | 65.8% | +3.5% |
| 2007 | 68.4% | +4.0% |
| 2008 | 62.8% | -8.3% |
| 2009 | 58.5% | -6.8% |
| 2010 | 56.8% | -2.9% |
| 2011 | 55.0% | -3.1% |
| 2012 | 54.5% | -1.0% |
| 2013 | 56.2% | +3.1% |
| 2014 | 57.6% | +2.6% |
| 2015 | 60.8% | +5.5% |
| 2016 | 63.6% | +4.6% |
| 2017 | 65.3% | +2.7% |
| 2018 | 68.2% | +4.3% |
| 2019 | 69.4% | +1.7% |
| 2020 | 76.1% | +9.8% |
| 2021 | 74.8% | -1.8% |
| 2022 | 72.6% | -2.9% |
| 2023 | 69.3% | -4.4% |
| 2024 | 68.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.8% | 58.5% | 68.4% | 9 |
| 2010s | 60.7% | 54.5% | 69.4% | 10 |
| 2020s | 72.2% | 68.1% | 76.1% | 5 |
Countries ranked near Belgium
More financial sector data for Belgium
- Reserve position in the IMF, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 193.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 8.35 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0023 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 141.16 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.78 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 193.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 8.35 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Belgium?
- Domestic credit to private sector in Belgium was 68.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Belgium?
- The highest recorded value was 76.1% in 2020.
- What is the lowest domestic credit to private sector recorded in Belgium?
- The lowest recorded value was 54.5% in 2012.
- How does Belgium rank for domestic credit to private sector?
- Belgium ranks 46th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Belgium?
- Over the last ten years it is up 18.3%. The long-run trend across the full record is rising.
- Where does this Belgium 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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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.