Domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Domestic credit to private sector was 112.4% in 2024. ◆ Volatile
Domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland, 1960–2024
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 United Kingdom of Great Britain and Northern Ireland is 112.4%, measured in 2024.
That represents a change of down 4.8% on the previous year and down 16.5% over ten years.
Over the whole period, domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland peaked at 191.1% in 2009 and was at its lowest, 17.3%, in 1960.
That places United Kingdom of Great Britain and Northern Ireland 21st out of 187 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 17.3% | — |
| 1961 | 17.5% | +0.9% |
| 1962 | 17.4% | -0.3% |
| 1963 | 19.3% | +10.9% |
| 1964 | 20.7% | +6.9% |
| 1965 | 20.6% | -0.2% |
| 1966 | 19.5% | -5.5% |
| 1967 | 19.8% | +1.7% |
| 1968 | 19.7% | -0.6% |
| 1969 | 19.4% | -1.8% |
| 1970 | 19.8% | +2.4% |
| 1971 | 20.8% | +4.7% |
| 1972 | 28.6% | +37.6% |
| 1973 | 33.6% | +17.6% |
| 1974 | 35.2% | +4.9% |
| 1975 | 28.3% | -19.6% |
| 1976 | 27.4% | -3.4% |
| 1977 | 26.1% | -4.7% |
| 1978 | 25.6% | -1.9% |
| 1979 | 25.9% | +1.0% |
| 1980 | 26.2% | +1.4% |
| 1981 | 30.9% | +17.7% |
| 1982 | 34.0% | +10.3% |
| 1983 | 37.1% | +8.9% |
| 1984 | 42.2% | +13.9% |
| 1985 | 43.9% | +4.0% |
| 1986 | 77.6% | +76.8% |
| 1987 | 82.8% | +6.6% |
| 1988 | 91.6% | +10.6% |
| 1989 | 102.9% | +12.4% |
| 1990 | 104.8% | +1.8% |
| 1991 | 102.3% | -2.4% |
| 1992 | 101.7% | -0.6% |
| 1993 | 99.9% | -1.8% |
| 1994 | 100.0% | +0.2% |
| 1995 | 97.0% | -3.0% |
| 1996 | 99.8% | +2.9% |
| 1997 | 101.5% | +1.7% |
| 1998 | 102.1% | +0.6% |
| 1999 | 105.1% | +3.0% |
| 2000 | 114.3% | +8.7% |
| 2001 | 119.3% | +4.4% |
| 2002 | 124.5% | +4.4% |
| 2003 | 129.2% | +3.8% |
| 2004 | 136.7% | +5.8% |
| 2005 | 142.7% | +4.4% |
| 2006 | 153.5% | +7.6% |
| 2007 | 169.6% | +10.5% |
| 2008 | 190.1% | +12.1% |
| 2009 | 191.1% | +0.5% |
| 2010 | 183.8% | -3.9% |
| 2011 | 169.6% | -7.7% |
| 2012 | 160.0% | -5.7% |
| 2013 | 148.9% | -6.9% |
| 2014 | 134.6% | -9.6% |
| 2015 | 130.1% | -3.4% |
| 2016 | 131.5% | +1.1% |
| 2017 | 132.3% | +0.6% |
| 2018 | 132.8% | +0.3% |
| 2019 | 131.4% | -1.0% |
| 2020 | 145.6% | +10.7% |
| 2021 | 136.2% | -6.5% |
| 2022 | 126.1% | -7.4% |
| 2023 | 118.0% | -6.5% |
| 2024 | 112.4% | -4.8% |
United Kingdom of Great Britain and Northern Ireland compared with similar countries
- United Kingdom of Great Britain and Northern Ireland's 112.4% is above the median for high income countries, which is 65.0%, 1.7× the median. (61 countries reporting)
- United Kingdom of Great Britain and Northern Ireland's 112.4% is above the median for Europe & Central Asia, which is 51.6%, 2.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland 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 |
|---|---|---|---|
| 1986 | +76.8% | 43.9% | 77.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.1% | 17.3% | 20.7% | 10 |
| 1970s | 27.1% | 19.8% | 35.2% | 10 |
| 1980s | 56.9% | 26.2% | 102.9% | 10 |
| 1990s | 101.4% | 97.0% | 105.1% | 10 |
| 2000s | 147.1% | 114.3% | 191.1% | 10 |
| 2010s | 145.5% | 130.1% | 183.8% | 10 |
| 2020s | 127.6% | 112.4% | 145.6% | 5 |
Countries ranked near United Kingdom of Great Britain and Northern Ireland
More financial sector data for United Kingdom of Great Britain and Northern Ireland
- Reserve position in the IMF, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 104.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.29 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 76.66 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 10.56 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 104.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.29 % change on previous year (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland?
- Domestic credit to private sector in United Kingdom of Great Britain and Northern Ireland was 112.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in United Kingdom of Great Britain and Northern Ireland?
- The highest recorded value was 191.1% in 2009.
- What is the lowest domestic credit to private sector recorded in United Kingdom of Great Britain and Northern Ireland?
- The lowest recorded value was 17.3% in 1960.
- How does United Kingdom of Great Britain and Northern Ireland rank for domestic credit to private sector?
- United Kingdom of Great Britain and Northern Ireland ranks 21st out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in United Kingdom of Great Britain and Northern Ireland?
- Over the last ten years it is down 16.5%. The long-run trend across the full record is volatile.
- Where does this United Kingdom of Great Britain and Northern Ireland 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.