Monetary Sector credit to private sector in United Kingdom of Great Britain and Northern Ireland
United Kingdom of Great Britain and Northern Ireland: Monetary Sector credit to private sector was 112.4% in 2024. ◆ Volatile
Monetary Sector 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 % GDP.
Analysis
In 2024, monetary sector credit to private sector in United Kingdom of Great Britain and Northern Ireland 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 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 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 in United Kingdom of Great Britain and Northern Ireland, 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% |
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
- Net domestic credit (current LCU), per capita 56,096 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.05 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.27 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 349.16 million SDR (2025)
- Gold reserves at market value 31.82 billion SDR (2025)
- Reserves excluding gold, foreign exchange 90.39 billion SDR (2025)
- Reserves excluding gold 124.70 billion SDR (2025)
- Total reserves (gold at market value) 156.52 billion SDR (2025)
- Total reserves (gold at national valuation) 156.28 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,249 SDR per person (2025)
All data for United Kingdom of Great Britain and Northern Ireland →
Frequently asked questions
- What is monetary sector credit to private sector in United Kingdom of Great Britain and Northern Ireland?
- Monetary sector 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 monetary sector 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 monetary sector 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 monetary sector credit to private sector?
- United Kingdom of Great Britain and Northern Ireland ranks 17th out of 187 countries with data for 2024.
- Is monetary sector 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 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.