Domestic credit to private sector in European Union
European Union: Domestic credit to private sector was 75.6% in 2024. ▼ Falling
Domestic credit to private sector in European Union, 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 European Union is 75.6%, measured in 2024. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 3.7% on the previous year and down 17.6% over ten years.
Over the whole period, domestic credit to private sector in European Union peaked at 104.3% in 2009 and was at its lowest, 75.6%, in 2024.
European Union ranks 18th 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 European Union, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2001 | 86.1% | — |
| 2002 | 85.8% | -0.3% |
| 2003 | 86.8% | +1.2% |
| 2004 | 88.2% | +1.6% |
| 2005 | 92.5% | +4.8% |
| 2006 | 96.2% | +4.0% |
| 2007 | 99.4% | +3.4% |
| 2008 | 101.4% | +2.0% |
| 2009 | 104.3% | +2.9% |
| 2010 | 101.7% | -2.5% |
| 2011 | 99.9% | -1.7% |
| 2012 | 98.2% | -1.7% |
| 2013 | 95.6% | -2.6% |
| 2014 | 91.7% | -4.0% |
| 2015 | 89.0% | -2.9% |
| 2016 | 88.2% | -0.9% |
| 2017 | 87.0% | -1.4% |
| 2018 | 85.7% | -1.5% |
| 2019 | 84.8% | -1.1% |
| 2020 | 92.7% | +9.3% |
| 2021 | 88.3% | -4.7% |
| 2022 | 83.9% | -5.0% |
| 2023 | 78.5% | -6.5% |
| 2024 | 75.6% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.4% | 85.8% | 104.3% | 9 |
| 2010s | 92.2% | 84.8% | 101.7% | 10 |
| 2020s | 83.8% | 75.6% | 92.7% | 5 |
Countries ranked near European Union
More financial sector data for European Union
- Monetary Sector credit to private sector 75.6% (2024)
- Total reserves in months of imports, annual growth rate 26.01 % 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 -262.9 % change on previous year (2025)
- Net migration -317,019 (2025)
- Claims on central government, etc. 24.7% (2024)
- Total reserves in months of imports 4.22 (2025)
- Domestic credit to private sector by banks 73.5% (2024)
- Total reserves in months of imports, per square kilometre 0 units per square kilometre (2023)
Frequently asked questions
- What is domestic credit to private sector in European Union?
- Domestic credit to private sector in European Union was 75.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in European Union?
- The highest recorded value was 104.3% in 2009.
- What is the lowest domestic credit to private sector recorded in European Union?
- The lowest recorded value was 75.6% in 2024.
- How does European Union rank for domestic credit to private sector?
- European Union ranks 18th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in European Union?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is falling.
- Where does this European Union 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.