Domestic credit to private sector in Middle income
Middle income: Domestic credit to private sector was 122.2% in 2024. ▲ Rising
Domestic credit to private sector in Middle income, 1977–2024
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 Middle income is 122.2%, measured in 2024. That is the highest value across all 43 years on record.
Compared with earlier readings it is up 1.5% on the previous year and up 40.0% over ten years.
Over the whole period, domestic credit to private sector in Middle income peaked at 122.2% in 2024 and was at its lowest, 32.8%, in 1980.
Middle income ranks 11th of 47 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 43 years of available data.
Domestic credit to private sector in Middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 34.2% | — |
| 1978 | 34.5% | +0.8% |
| 1979 | 34.1% | -1.2% |
| 1980 | 32.8% | -3.7% |
| 1981 | 32.9% | +0.0% |
| 1982 | 33.9% | +3.1% |
| 1983 | 35.5% | +4.9% |
| 1984 | 36.6% | +2.9% |
| 1985 | 37.3% | +2.1% |
| 1988 | 50.7% | +35.8% |
| 1989 | 62.2% | +22.7% |
| 1992 | 49.2% | -20.9% |
| 1994 | 51.3% | +4.2% |
| 1995 | 47.0% | -8.3% |
| 1996 | 48.4% | +2.9% |
| 1997 | 47.6% | -1.5% |
| 1998 | 46.9% | -1.5% |
| 1999 | 51.3% | +9.4% |
| 2000 | 51.3% | -0.1% |
| 2001 | 51.4% | +0.3% |
| 2002 | 55.9% | +8.7% |
| 2003 | 59.7% | +6.9% |
| 2004 | 58.6% | -1.9% |
| 2005 | 57.3% | -2.2% |
| 2006 | 58.8% | +2.5% |
| 2007 | 61.5% | +4.7% |
| 2008 | 60.5% | -1.7% |
| 2009 | 70.0% | +15.8% |
| 2010 | 71.5% | +2.1% |
| 2011 | 73.1% | +2.2% |
| 2012 | 77.5% | +6.1% |
| 2013 | 82.3% | +6.1% |
| 2014 | 87.3% | +6.1% |
| 2015 | 95.7% | +9.7% |
| 2016 | 96.3% | +0.7% |
| 2017 | 96.5% | +0.2% |
| 2018 | 102.1% | +5.8% |
| 2019 | 103.7% | +1.6% |
| 2020 | 117.9% | +13.8% |
| 2021 | 115.9% | -1.7% |
| 2022 | 116.8% | +0.7% |
| 2023 | 120.3% | +3.1% |
| 2024 | 122.2% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 34.3% | 34.1% | 34.5% | 3 |
| 1980s | 40.2% | 32.8% | 62.2% | 8 |
| 1990s | 48.8% | 46.9% | 51.3% | 7 |
| 2000s | 58.5% | 51.3% | 70.0% | 10 |
| 2010s | 88.6% | 71.5% | 103.7% | 10 |
| 2020s | 118.6% | 115.9% | 122.2% | 5 |
Countries ranked near Middle income
More financial sector data for Middle income
- Net migration -2.54 million (2025)
- Domestic credit to private sector by banks 120.0% (2024)
- Total reserves in months of imports 9.9 (2025)
- Monetary Sector credit to private sector 120.4% (2024)
- Broad money 159.9% (2024)
- Claims on central government, etc. 35.0% (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, annual growth rate 10 % change on previous year (2025)
- Net migration, annual growth rate 19.86 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
Frequently asked questions
- What is domestic credit to private sector in Middle income?
- Domestic credit to private sector in Middle income was 122.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Middle income?
- The highest recorded value was 122.2% in 2024.
- What is the lowest domestic credit to private sector recorded in Middle income?
- The lowest recorded value was 32.8% in 1980.
- How does Middle income rank for domestic credit to private sector?
- Middle income ranks 11th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Middle income?
- Over the last ten years it is up 40.0%. The long-run trend across the full record is rising.
- Where does this 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.