Monetary Sector credit to private sector in Upper middle income
Upper middle income: Monetary Sector credit to private sector was 136.9% in 2024. ◆ Volatile
Monetary Sector credit to private sector in Upper middle income, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Upper middle income recorded 136.9% for monetary sector credit to private sector in 2024. That is the highest value across all 60 years on record.
The figure is up 1.7% on the previous year and up 46.2% over ten years.
Over the whole period, monetary sector credit to private sector in Upper middle income peaked at 136.9% in 2024 and was at its lowest, 17.2%, in 1965.
That places Upper middle income 5th out of 45 groups 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 Upper middle income, year by year
| Year | % GDP | Change |
|---|---|---|
| 1965 | 17.2% | — |
| 1966 | 17.3% | +0.2% |
| 1967 | 18.6% | +7.9% |
| 1968 | 20.0% | +7.4% |
| 1969 | 22.9% | +14.3% |
| 1970 | 24.7% | +7.8% |
| 1971 | 26.9% | +9.2% |
| 1972 | 28.3% | +5.1% |
| 1973 | 28.2% | -0.3% |
| 1974 | 27.9% | -1.1% |
| 1975 | 31.2% | +11.6% |
| 1976 | 32.2% | +3.3% |
| 1977 | 35.5% | +10.3% |
| 1978 | 35.3% | -0.6% |
| 1979 | 34.5% | -2.2% |
| 1980 | 31.6% | -8.4% |
| 1981 | 33.4% | +5.6% |
| 1982 | 34.5% | +3.5% |
| 1983 | 36.1% | +4.4% |
| 1984 | 36.7% | +1.6% |
| 1985 | 37.4% | +2.1% |
| 1986 | 39.9% | +6.7% |
| 1987 | 39.8% | -0.3% |
| 1988 | 51.8% | +30.2% |
| 1989 | 63.1% | +21.8% |
| 1990 | 43.0% | -31.9% |
| 1991 | 42.9% | -0.3% |
| 1992 | 48.8% | +13.9% |
| 1993 | 57.2% | +17.2% |
| 1994 | 52.2% | -8.8% |
| 1995 | 49.3% | -5.6% |
| 1996 | 51.0% | +3.5% |
| 1997 | 53.8% | +5.6% |
| 1998 | 51.5% | -4.2% |
| 1999 | 53.1% | +3.0% |
| 2000 | 52.4% | -1.2% |
| 2001 | 53.0% | +1.1% |
| 2002 | 57.6% | +8.7% |
| 2003 | 61.0% | +5.9% |
| 2004 | 58.9% | -3.5% |
| 2005 | 57.1% | -3.1% |
| 2006 | 58.4% | +2.3% |
| 2007 | 60.5% | +3.6% |
| 2008 | 61.5% | +1.6% |
| 2009 | 75.0% | +22.0% |
| 2010 | 76.0% | +1.3% |
| 2011 | 77.0% | +1.4% |
| 2012 | 82.4% | +6.9% |
| 2013 | 87.9% | +6.7% |
| 2014 | 93.6% | +6.5% |
| 2015 | 105.0% | +12.2% |
| 2016 | 107.6% | +2.5% |
| 2017 | 107.8% | +0.2% |
| 2018 | 112.5% | +4.3% |
| 2019 | 117.6% | +4.6% |
| 2020 | 134.5% | +14.4% |
| 2021 | 131.8% | -2.1% |
| 2022 | 133.1% | +1.0% |
| 2023 | 134.6% | +1.2% |
| 2024 | 136.9% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.2% | 17.2% | 22.9% | 5 |
| 1970s | 30.5% | 24.7% | 35.5% | 10 |
| 1980s | 40.4% | 31.6% | 63.1% | 10 |
| 1990s | 50.3% | 42.9% | 57.2% | 10 |
| 2000s | 59.5% | 52.4% | 75.0% | 10 |
| 2010s | 96.7% | 76.0% | 117.6% | 10 |
| 2020s | 134.2% | 131.8% | 136.9% | 5 |
Countries ranked near Upper middle income
- 2 China 194.3% compare
- 3 Switzerland 167.8% compare
- 4 South Korea 160.3% compare
- 5 Denmark 144.1% compare
- 6 Australia 133.8% compare
- 7 New Zealand 129.7% compare
- 8 Singapore 128.4% compare
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)
- Broad money 167.9% (2024)
- Claims on central government, etc. 37.8% (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)
- Domestic credit to private sector 139.0% (2024)
- Net migration, annual growth rate 197.12 % change on previous year (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Upper middle income?
- Monetary sector credit to private sector in Upper middle income was 136.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Upper middle income?
- The highest recorded value was 136.9% in 2024.
- What is the lowest monetary sector credit to private sector recorded in Upper middle income?
- The lowest recorded value was 17.2% in 1965.
- How does Upper middle income rank for monetary sector credit to private sector?
- Upper middle income ranks 5th out of 45 groups with data for 2024.
- Is monetary sector credit to private sector rising or falling in Upper middle income?
- Over the last ten years it is up 46.2%. The long-run trend across the full record is volatile.
- 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 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.