Domestic credit to private sector in East Asia & Pacific
East Asia & Pacific: Domestic credit to private sector was 175.4% in 2024. ▲ Rising
Domestic credit to private sector in East Asia & Pacific, 1970–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
East Asia & Pacific recorded 175.4% for domestic credit to private sector in 2024. That is the highest value across all 55 years on record.
The figure is up 1.5% on the previous year and up 29.5% over ten years.
Over the whole period, domestic credit to private sector in East Asia & Pacific peaked at 175.4% in 2024 and was at its lowest, 85.9%, in 1970.
East Asia & Pacific ranks 4th of 47 groups on this measure, in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Domestic credit to private sector in East Asia & Pacific, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 85.9% | — |
| 1971 | 95.1% | +10.7% |
| 1972 | 104.8% | +10.2% |
| 1973 | 105.6% | +0.7% |
| 1974 | 98.1% | -7.1% |
| 1975 | 100.6% | +2.6% |
| 1976 | 100.9% | +0.3% |
| 1977 | 93.1% | -7.7% |
| 1978 | 97.8% | +5.0% |
| 1979 | 96.8% | -1.0% |
| 1980 | 98.1% | +1.4% |
| 1981 | 100.7% | +2.6% |
| 1982 | 101.8% | +1.1% |
| 1983 | 106.7% | +4.8% |
| 1984 | 108.4% | +1.5% |
| 1985 | 112.8% | +4.1% |
| 1986 | 124.9% | +10.7% |
| 1987 | 139.4% | +11.6% |
| 1988 | 145.7% | +4.6% |
| 1989 | 149.8% | +2.8% |
| 1990 | 153.3% | +2.3% |
| 1991 | 153.7% | +0.3% |
| 1992 | 156.5% | +1.9% |
| 1993 | 161.7% | +3.3% |
| 1994 | 161.6% | -0.0% |
| 1995 | 158.5% | -2.0% |
| 1996 | 154.1% | -2.7% |
| 1997 | 161.8% | +5.0% |
| 1998 | 170.4% | +5.3% |
| 1999 | 174.0% | +2.1% |
| 2000 | 167.4% | -3.8% |
| 2001 | 149.1% | -10.9% |
| 2002 | 147.5% | -1.1% |
| 2003 | 148.8% | +0.9% |
| 2004 | 142.0% | -4.6% |
| 2005 | 138.6% | -2.4% |
| 2006 | 135.1% | -2.5% |
| 2007 | 129.1% | -4.4% |
| 2008 | 126.8% | -1.8% |
| 2009 | 133.6% | +5.3% |
| 2010 | 129.5% | -3.1% |
| 2011 | 127.8% | -1.3% |
| 2012 | 129.8% | +1.6% |
| 2013 | 132.1% | +1.8% |
| 2014 | 135.4% | +2.5% |
| 2015 | 141.8% | +4.7% |
| 2016 | 144.6% | +2.0% |
| 2017 | 144.9% | +0.2% |
| 2018 | 146.7% | +1.3% |
| 2019 | 152.7% | +4.0% |
| 2020 | 168.3% | +10.2% |
| 2021 | 165.8% | -1.5% |
| 2022 | 168.6% | +1.7% |
| 2023 | 172.9% | +2.5% |
| 2024 | 175.4% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 97.9% | 85.9% | 105.6% | 10 |
| 1980s | 118.8% | 98.1% | 149.8% | 10 |
| 1990s | 160.6% | 153.3% | 174.0% | 10 |
| 2000s | 141.8% | 126.8% | 167.4% | 10 |
| 2010s | 138.5% | 127.8% | 152.7% | 10 |
| 2020s | 170.2% | 165.8% | 175.4% | 5 |
Countries ranked near East Asia & Pacific
- 1 Hong Kong, China 222.6% compare
- 2 United States of America 201.3% compare
- 3 China 194.3% compare
- 4 Japan 187.4% compare
- 5 Switzerland 167.8% compare
- 6 Korea 160.3% compare
- 7 Denmark 144.1% compare
More financial sector data for East Asia & Pacific
- Broad money 211.5% (2024)
- Total reserves in months of imports, annual growth rate 7.06 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Net migration, annual growth rate 67.84 % change on previous year (2025)
- Net migration -37,630 (2025)
- Claims on central government, etc. 49.5% (2024)
- Monetary Sector credit to private sector 164.7% (2024)
- Total reserves in months of imports 11.35 (2025)
- Domestic credit to private sector by banks 164.6% (2024)
Frequently asked questions
- What is domestic credit to private sector in East Asia & Pacific?
- Domestic credit to private sector in East Asia & Pacific was 175.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in East Asia & Pacific?
- The highest recorded value was 175.4% in 2024.
- What is the lowest domestic credit to private sector recorded in East Asia & Pacific?
- The lowest recorded value was 85.9% in 1970.
- How does East Asia & Pacific rank for domestic credit to private sector?
- East Asia & Pacific ranks 4th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in East Asia & Pacific?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is rising.
- Where does this East Asia & Pacific 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.
Download this data
CSV · JSON — 55 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.