Monetary Sector credit to private sector (% GDP) in Luxembourg
Luxembourg: Monetary Sector credit to private sector (% GDP) was 85.1% in 2024. ▲ Rising
Monetary Sector credit to private sector in Luxembourg, 2001–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
The most recent figure for monetary sector credit to private sector in Luxembourg is 85.1%, measured in 2024.
The figure is down 8.6% on the previous year and down 1.3% over ten years.
Over the whole period, monetary sector credit to private sector in Luxembourg peaked at 110.2% in 2020 and was at its lowest, 66.0%, in 2004.
That places Luxembourg 25th out of 187 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Monetary Sector credit to private sector (% GDP) in Luxembourg, year by year
| Year | % GDP | Change |
|---|---|---|
| 2001 | 78.5% | — |
| 2002 | 67.5% | -14.0% |
| 2003 | 69.1% | +2.3% |
| 2004 | 66.0% | -4.4% |
| 2005 | 71.3% | +8.0% |
| 2006 | 74.7% | +4.8% |
| 2007 | 85.3% | +14.2% |
| 2008 | 101.2% | +18.6% |
| 2009 | 101.0% | -0.2% |
| 2010 | 86.1% | -14.7% |
| 2011 | 84.2% | -2.3% |
| 2012 | 83.6% | -0.7% |
| 2013 | 86.7% | +3.7% |
| 2014 | 86.3% | -0.4% |
| 2015 | 91.8% | +6.3% |
| 2016 | 96.3% | +4.9% |
| 2017 | 100.5% | +4.4% |
| 2018 | 105.5% | +5.0% |
| 2019 | 109.0% | +3.3% |
| 2020 | 110.2% | +1.1% |
| 2021 | 103.0% | -6.5% |
| 2022 | 102.5% | -0.4% |
| 2023 | 93.2% | -9.1% |
| 2024 | 85.1% | -8.6% |
Luxembourg compared with similar countries
- Luxembourg's 85.1% is above the median for high income countries, which is 63.2%, 1.3× the median. (61 countries reporting)
- Luxembourg's 85.1% is above the median for Europe & Central Asia, which is 51.0%, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 79.4% | 66.0% | 101.2% | 9 |
| 2010s | 93.0% | 83.6% | 109.0% | 10 |
| 2020s | 98.8% | 85.1% | 110.2% | 5 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Reserve position in the IMF, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 683.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.09 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 499.27 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.15 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0046 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 683.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.09 % change on previous year (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Luxembourg?
- Monetary sector credit to private sector in Luxembourg was 85.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Luxembourg?
- The highest recorded value was 110.2% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Luxembourg?
- The lowest recorded value was 66.0% in 2004.
- How does Luxembourg rank for monetary sector credit to private sector?
- Luxembourg ranks 25th out of 187 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Luxembourg?
- Over the last ten years it is down 1.3%. The long-run trend across the full record is rising.
- Where does this Luxembourg 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.