Monetary Sector credit to private sector in Ireland
Ireland: Monetary Sector credit to private sector was 23.8% in 2024. ◆ Volatile
Monetary Sector credit to private sector in Ireland, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Ireland recorded 23.8% for monetary sector credit to private sector in 2024. That is the lowest value across all 24 years on record.
That represents a change of down 5.7% on the previous year and down 69.7% over ten years.
Over the whole period, monetary sector credit to private sector in Ireland peaked at 169.3% in 2009 and was at its lowest, 23.8%, in 2024.
That places Ireland 127th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector in Ireland, year by year
| Year | % GDP | Change |
|---|---|---|
| 2001 | 71.8% | — |
| 2002 | 75.4% | +5.1% |
| 2003 | 85.7% | +13.7% |
| 2004 | 104.9% | +22.4% |
| 2005 | 124.6% | +18.8% |
| 2006 | 144.6% | +16.0% |
| 2007 | 158.1% | +9.4% |
| 2008 | 166.3% | +5.2% |
| 2009 | 169.3% | +1.8% |
| 2010 | 133.4% | -21.2% |
| 2011 | 114.7% | -14.0% |
| 2012 | 110.6% | -3.6% |
| 2013 | 102.4% | -7.4% |
| 2014 | 78.4% | -23.5% |
| 2015 | 51.3% | -34.6% |
| 2016 | 47.4% | -7.6% |
| 2017 | 42.6% | -10.1% |
| 2018 | 39.7% | -6.8% |
| 2019 | 36.1% | -9.2% |
| 2020 | 32.3% | -10.3% |
| 2021 | 26.5% | -18.1% |
| 2022 | 25.4% | -3.9% |
| 2023 | 25.2% | -0.9% |
| 2024 | 23.8% | -5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 122.3% | 71.8% | 169.3% | 9 |
| 2010s | 75.7% | 36.1% | 133.4% | 10 |
| 2020s | 26.7% | 23.8% | 32.3% | 5 |
Countries ranked near Ireland
More financial sector data for Ireland
- Total reserves (gold at national valuation) (SDR), annual growth rate 2.27 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,816 SDR per person (2025)
- Total reserves in months of imports, annual growth rate -10.84 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -9.58 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0049 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 643.2 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -2.49 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,594 SDR per person (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Ireland?
- Monetary sector credit to private sector in Ireland was 23.8% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Ireland?
- The highest recorded value was 169.3% in 2009.
- What is the lowest monetary sector credit to private sector recorded in Ireland?
- The lowest recorded value was 23.8% in 2024.
- How does Ireland rank for monetary sector credit to private sector?
- Ireland ranks 127th out of 186 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Ireland?
- Over the last ten years it is down 69.7%. The long-run trend across the full record is volatile.
- Where does this Ireland data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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. 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.