Monetary Sector credit to private sector (% GDP) in United Kingdom
United Kingdom: Monetary Sector credit to private sector (% GDP) was 112.4% in 2024. ◆ Volatile
Monetary Sector credit to private sector in United Kingdom, 1960–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2024, monetary sector credit to private sector in United Kingdom stood at 112.4%.
That represents a change of down 4.8% on the previous year and down 16.5% over ten years.
Over the whole period, monetary sector credit to private sector in United Kingdom peaked at 191.1% in 2009 and was at its lowest, 17.3%, in 1960.
That places United Kingdom 17th out of 187 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector (% GDP) in United Kingdom, year by year
| Year | % 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 compared with similar countries
- United Kingdom's 112.4% is above the median for high income countries, which is 63.2%, 1.8× the median. (61 countries reporting)
- United Kingdom's 112.4% is above the median for Europe & Central Asia, which is 51.0%, 2.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Monetary Sector credit to private sector (% GDP) in United Kingdom 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
More financial sector data for United Kingdom
- 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)
Frequently asked questions
- What is monetary sector credit to private sector in United Kingdom?
- Monetary sector credit to private sector in United Kingdom was 112.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in United Kingdom?
- The highest recorded value was 191.1% in 2009.
- What is the lowest monetary sector credit to private sector recorded in United Kingdom?
- The lowest recorded value was 17.3% in 1960.
- How does United Kingdom rank for monetary sector credit to private sector?
- United Kingdom ranks 17th out of 187 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in United Kingdom?
- 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 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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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.