Domestic credit to private sector in Euro area
Euro area: Domestic credit to private sector was 77.1% in 2024. ▼ Falling
Domestic credit to private sector in Euro area, 2001–2024
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 Euro area is 77.1%, measured in 2024. That is the lowest value across all 24 years on record.
The figure is down 3.1% on the previous year and down 15.8% over ten years.
Over the whole period, domestic credit to private sector in Euro area peaked at 105.5% in 2009 and was at its lowest, 77.1%, in 2024.
Euro area ranks 17th of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Domestic credit to private sector in Euro area, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 87.9% | — |
| 2002 | 88.0% | +0.1% |
| 2003 | 88.9% | +1.0% |
| 2004 | 90.0% | +1.3% |
| 2005 | 94.6% | +5.0% |
| 2006 | 98.2% | +3.9% |
| 2007 | 101.2% | +3.0% |
| 2008 | 103.0% | +1.8% |
| 2009 | 105.5% | +2.4% |
| 2010 | 102.7% | -2.6% |
| 2011 | 100.7% | -1.9% |
| 2012 | 98.7% | -2.0% |
| 2013 | 95.7% | -3.0% |
| 2014 | 91.6% | -4.4% |
| 2015 | 88.9% | -3.0% |
| 2016 | 87.9% | -1.1% |
| 2017 | 86.8% | -1.2% |
| 2018 | 85.6% | -1.4% |
| 2019 | 84.9% | -0.8% |
| 2020 | 93.6% | +10.2% |
| 2021 | 88.9% | -5.0% |
| 2022 | 84.9% | -4.5% |
| 2023 | 79.6% | -6.2% |
| 2024 | 77.1% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 95.2% | 87.9% | 105.5% | 9 |
| 2010s | 92.4% | 84.9% | 102.7% | 10 |
| 2020s | 84.8% | 77.1% | 93.6% | 5 |
Countries ranked near Euro area
More financial sector data for Euro area
- Monetary Sector credit to private sector 77.1% (2024)
- Total reserves in months of imports, annual growth rate 43.68 % 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 -77.56 % change on previous year (2025)
- Net migration 102,179 (2025)
- Official exchange rate 0.885 LCU per US$, period average (2025)
- Claims on central government, etc. 28.9% (2024)
- Total reserves in months of imports 3.67 (2025)
- Domestic credit to private sector by banks 78.1% (2023)
Frequently asked questions
- What is domestic credit to private sector in Euro area?
- Domestic credit to private sector in Euro area was 77.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Euro area?
- The highest recorded value was 105.5% in 2009.
- What is the lowest domestic credit to private sector recorded in Euro area?
- The lowest recorded value was 77.1% in 2024.
- How does Euro area rank for domestic credit to private sector?
- Euro area ranks 17th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Euro area?
- Over the last ten years it is down 15.8%. The long-run trend across the full record is falling.
- Where does this Euro area 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.