Domestic credit to private sector in Low & middle income
Low & middle income: Domestic credit to private sector was 121.5% in 2024. ▲ Rising
Domestic credit to private sector in Low & middle income, 1977–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector in Low & middle income stood at 121.5%. That is the highest value across all 43 years on record.
Compared with earlier readings it is up 1.7% on the previous year and up 40.6% over ten years.
Over the whole period, domestic credit to private sector in Low & middle income peaked at 121.5% in 2024 and was at its lowest, 31.7%, in 1980.
That places Low & middle income 13th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 43 years of available data.
Domestic credit to private sector in Low & middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 33.0% | — |
| 1978 | 33.1% | +0.3% |
| 1979 | 32.9% | -0.7% |
| 1980 | 31.7% | -3.7% |
| 1981 | 31.8% | +0.3% |
| 1982 | 32.8% | +3.2% |
| 1983 | 34.4% | +4.9% |
| 1984 | 35.5% | +3.0% |
| 1985 | 36.3% | +2.2% |
| 1988 | 49.1% | +35.3% |
| 1989 | 60.0% | +22.3% |
| 1992 | 47.6% | -20.7% |
| 1994 | 49.9% | +4.8% |
| 1995 | 46.1% | -7.6% |
| 1996 | 47.6% | +3.4% |
| 1997 | 47.0% | -1.4% |
| 1998 | 46.3% | -1.4% |
| 1999 | 50.6% | +9.3% |
| 2000 | 50.4% | -0.5% |
| 2001 | 50.6% | +0.4% |
| 2002 | 54.9% | +8.4% |
| 2003 | 58.7% | +6.9% |
| 2004 | 57.6% | -1.8% |
| 2005 | 56.3% | -2.2% |
| 2006 | 57.7% | +2.5% |
| 2007 | 60.4% | +4.7% |
| 2008 | 59.5% | -1.6% |
| 2009 | 69.1% | +16.1% |
| 2010 | 70.6% | +2.2% |
| 2011 | 72.1% | +2.1% |
| 2012 | 76.7% | +6.5% |
| 2013 | 81.4% | +6.0% |
| 2014 | 86.4% | +6.2% |
| 2015 | 94.8% | +9.7% |
| 2016 | 95.5% | +0.8% |
| 2017 | 95.7% | +0.2% |
| 2018 | 101.2% | +5.7% |
| 2019 | 102.8% | +1.6% |
| 2020 | 116.9% | +13.7% |
| 2021 | 115.0% | -1.6% |
| 2022 | 115.8% | +0.7% |
| 2023 | 119.5% | +3.2% |
| 2024 | 121.5% | +1.7% |
Biggest year-on-year movements
Years where Domestic credit to private sector in Low & middle income changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +35.3% | 36.3% | 49.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 33.0% | 32.9% | 33.1% | 3 |
| 1980s | 38.9% | 31.7% | 60.0% | 8 |
| 1990s | 47.9% | 46.1% | 50.6% | 7 |
| 2000s | 57.5% | 50.4% | 69.1% | 10 |
| 2010s | 87.7% | 70.6% | 102.8% | 10 |
| 2020s | 117.8% | 115.0% | 121.5% | 5 |
Countries ranked near Low & middle income
More financial sector data for Low & middle income
- Net migration -2.38 million (2025)
- Domestic credit to private sector by banks 119.3% (2024)
- Total reserves in months of imports 9.9 (2025)
- Monetary Sector credit to private sector 119.8% (2024)
- Broad money 159.0% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 10.19 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Claims on central government, etc. 34.9% (2024)
- Net migration, annual growth rate 28.03 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Low & middle income?
- Domestic credit to private sector in Low & middle income was 121.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Low & middle income?
- The highest recorded value was 121.5% in 2024.
- What is the lowest domestic credit to private sector recorded in Low & middle income?
- The lowest recorded value was 31.7% in 1980.
- How does Low & middle income rank for domestic credit to private sector?
- Low & middle income ranks 13th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Low & middle income?
- Over the last ten years it is up 40.6%. The long-run trend across the full record is rising.
- Where does this Low & middle income 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.