Domestic credit to private sector in Upper middle income
Upper middle income: Domestic credit to private sector was 139.0% in 2024. ▲ Rising
Domestic credit to private sector in Upper middle income, 1977–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Upper middle income recorded 139.0% for domestic credit to private sector in 2024. That is the highest value across all 36 years on record.
That represents a change of up 1.6% on the previous year and up 42.9% over ten years.
Over the whole period, domestic credit to private sector in Upper middle income peaked at 139.0% in 2024 and was at its lowest, 40.6%, in 1979.
That places Upper middle income 10th out of 47 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Domestic credit to private sector in Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | 40.8% | — |
| 1979 | 40.6% | -0.3% |
| 1982 | 42.4% | +4.4% |
| 1983 | 43.6% | +2.8% |
| 1984 | 44.2% | +1.4% |
| 1985 | 45.3% | +2.5% |
| 1995 | 56.5% | +24.6% |
| 1996 | 58.4% | +3.5% |
| 1997 | 55.7% | -4.8% |
| 1998 | 54.8% | -1.5% |
| 1999 | 58.9% | +7.4% |
| 2000 | 58.7% | -0.3% |
| 2001 | 58.7% | +0.1% |
| 2002 | 64.3% | +9.4% |
| 2003 | 69.7% | +8.4% |
| 2004 | 67.5% | -3.2% |
| 2005 | 65.2% | -3.4% |
| 2006 | 66.5% | +2.1% |
| 2007 | 69.0% | +3.8% |
| 2008 | 66.2% | -4.1% |
| 2009 | 78.2% | +18.1% |
| 2010 | 79.7% | +1.9% |
| 2011 | 80.7% | +1.2% |
| 2012 | 86.1% | +6.7% |
| 2013 | 91.7% | +6.5% |
| 2014 | 97.2% | +6.1% |
| 2015 | 107.9% | +11.0% |
| 2016 | 110.2% | +2.1% |
| 2017 | 110.7% | +0.4% |
| 2018 | 117.3% | +6.0% |
| 2019 | 120.2% | +2.5% |
| 2020 | 137.0% | +14.0% |
| 2021 | 133.9% | -2.2% |
| 2022 | 135.1% | +0.9% |
| 2023 | 136.8% | +1.2% |
| 2024 | 139.0% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 40.7% | 40.6% | 40.8% | 2 |
| 1980s | 43.9% | 42.4% | 45.3% | 4 |
| 1990s | 56.9% | 54.8% | 58.9% | 5 |
| 2000s | 66.4% | 58.7% | 78.2% | 10 |
| 2010s | 100.2% | 79.7% | 120.2% | 10 |
| 2020s | 136.3% | 133.9% | 139.0% | 5 |
Countries ranked near Upper middle income
More financial sector data for Upper middle income
- Net migration 576,949 (2025)
- Domestic credit to private sector by banks 136.8% (2024)
- Total reserves in months of imports 10.37 (2025)
- Monetary Sector credit to private sector 136.9% (2024)
- Broad money 167.9% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 10.98 % 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. 37.8% (2024)
- Net migration, annual growth rate 197.12 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Upper middle income?
- Domestic credit to private sector in Upper middle income was 139.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Upper middle income?
- The highest recorded value was 139.0% in 2024.
- What is the lowest domestic credit to private sector recorded in Upper middle income?
- The lowest recorded value was 40.6% in 1979.
- How does Upper middle income rank for domestic credit to private sector?
- Upper middle income ranks 10th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Upper middle income?
- Over the last ten years it is up 42.9%. The long-run trend across the full record is rising.
- Where does this Upper 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.