Private credit by deposit money banks and other financial in Estonia
Estonia: Private credit by deposit money banks and other financial was 60.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Estonia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Estonia stood at 60.9%.
That represents a change of down 6.1% on the previous year and down 22.0% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Estonia peaked at 101.4% in 2009 and was at its lowest, 15.6%, in 1995.
That places Estonia 67th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Private credit by deposit money banks and other financial in Estonia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 15.6% | — |
| 1996 | 21.6% | +38.0% |
| 1997 | 31.3% | +44.8% |
| 1998 | 31.4% | +0.6% |
| 1999 | 31.5% | +0.3% |
| 2000 | 36.0% | +14.2% |
| 2001 | 38.9% | +8.0% |
| 2002 | 44.4% | +14.2% |
| 2003 | 50.4% | +13.7% |
| 2004 | 40.3% | -20.2% |
| 2005 | 56.6% | +40.4% |
| 2006 | 76.2% | +34.8% |
| 2007 | 83.7% | +9.9% |
| 2008 | 89.7% | +7.1% |
| 2009 | 101.4% | +13.1% |
| 2010 | 92.8% | -8.5% |
| 2011 | 78.0% | -15.9% |
| 2012 | 72.9% | -6.6% |
| 2013 | 69.5% | -4.7% |
| 2014 | 67.2% | -3.2% |
| 2015 | 68.7% | +2.2% |
| 2016 | 69.5% | +1.1% |
| 2017 | 63.8% | -8.1% |
| 2018 | 62.2% | -2.6% |
| 2019 | 59.8% | -3.9% |
| 2020 | 64.8% | +8.5% |
| 2021 | 60.9% | -6.1% |
Estonia compared with similar countries
- Estonia's 60.9% is below the median for high income countries, which is 84.9%, 72% of the median. (62 countries reporting)
- Estonia's 60.9% is above the median for Europe & Central Asia, which is 56.3%, 1.1× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.3% | 15.6% | 31.5% | 5 |
| 2000s | 61.8% | 36.0% | 101.4% | 10 |
| 2010s | 70.4% | 59.8% | 92.8% | 10 |
| 2020s | 62.8% | 60.9% | 64.8% | 2 |
Countries ranked near Estonia
- 64 Iran 64.4% compare
- 65 Saudi Arabia 64.3% compare
- 66 Bahamas 62.6% compare
- 68 Trinidad and Tobago 60.0% compare
- 69 Saint Kitts and Nevis 60.0% compare
- 70 Armenia 59.1% compare
More financial sector data for Estonia
- Net domestic credit (current LCU), per capita 21,036 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 0.6693 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.64 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 280,000 SDR (2025)
- Gold reserves at market value 25.51 million SDR (2025)
- Reserves excluding gold, foreign exchange 1.39 billion SDR (2025)
- Reserves excluding gold 1.76 billion SDR (2025)
- Total reserves (gold at market value) 1.78 billion SDR (2025)
- Total reserves (gold at national valuation) 1.78 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,303 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Estonia?
- Private credit by deposit money banks and other financial in Estonia was 60.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Estonia?
- The highest recorded value was 101.4% in 2009.
- What is the lowest private credit by deposit money banks and other financial recorded in Estonia?
- The lowest recorded value was 15.6% in 1995.
- How does Estonia rank for private credit by deposit money banks and other financial?
- Estonia ranks 67th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Estonia?
- Over the last ten years it is down 22.0%. The long-run trend across the full record is rising.
- Where does this Estonia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)