Private credit by deposit money banks and other financial in Finland
Finland: Private credit by deposit money banks and other financial was 96.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Finland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Finland stood at 96.9%.
That represents a change of down 2.9% on the previous year and up 8.5% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Finland peaked at 99.8% in 2020 and was at its lowest, 35.6%, in 1960.
That places Finland 34th out of 187 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Private credit by deposit money banks and other financial in Finland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 35.6% | — |
| 1961 | 37.0% | +4.0% |
| 1962 | 38.1% | +3.0% |
| 1963 | 37.2% | -2.5% |
| 1964 | 37.5% | +0.8% |
| 1965 | 38.1% | +1.6% |
| 1966 | 39.8% | +4.5% |
| 1967 | 40.7% | +2.3% |
| 1968 | 38.2% | -6.2% |
| 1969 | 38.7% | +1.2% |
| 1970 | 40.2% | +4.0% |
| 1971 | 42.1% | +4.8% |
| 1972 | 41.4% | -1.7% |
| 1973 | 42.2% | +1.9% |
| 1974 | 41.8% | -1.0% |
| 1975 | 43.5% | +4.2% |
| 1976 | 42.6% | -2.2% |
| 1977 | 43.9% | +3.1% |
| 1978 | 43.7% | -0.4% |
| 1979 | 44.1% | +1.0% |
| 1980 | 45.1% | +2.3% |
| 1981 | 45.9% | +1.7% |
| 1982 | 48.7% | +6.0% |
| 1983 | 51.5% | +5.7% |
| 1984 | 53.6% | +4.2% |
| 1985 | 58.7% | +9.4% |
| 1986 | 62.0% | +5.6% |
| 1987 | 67.4% | +8.8% |
| 1988 | 76.3% | +13.2% |
| 1989 | 78.9% | +3.3% |
| 1990 | 83.2% | +5.5% |
| 1991 | 90.5% | +8.8% |
| 1992 | 86.7% | -4.2% |
| 1993 | 78.3% | -9.7% |
| 1994 | 66.8% | -14.7% |
| 1995 | 59.7% | -10.6% |
| 1996 | 57.3% | -4.1% |
| 1997 | 51.2% | -10.7% |
| 1998 | 50.1% | -2.2% |
| 2001 | 52.6% | +5.0% |
| 2002 | 55.4% | +5.4% |
| 2003 | 60.3% | +8.8% |
| 2004 | 63.7% | +5.7% |
| 2005 | 69.2% | +8.7% |
| 2006 | 73.4% | +6.0% |
| 2007 | 76.3% | +3.9% |
| 2008 | 80.1% | +5.0% |
| 2009 | 86.2% | +7.6% |
| 2010 | 87.9% | +2.0% |
| 2011 | 89.3% | +1.5% |
| 2012 | 91.7% | +2.7% |
| 2013 | 92.9% | +1.3% |
| 2014 | 92.8% | -0.0% |
| 2015 | 94.4% | +1.7% |
| 2016 | 93.9% | -0.5% |
| 2017 | 93.1% | -0.9% |
| 2018 | 93.8% | +0.8% |
| 2019 | 95.0% | +1.2% |
| 2020 | 99.8% | +5.1% |
| 2021 | 96.9% | -2.9% |
Finland compared with similar countries
- Finland's 96.9% is above the median for high income countries, which is 84.9%, 1.1× the median. (62 countries reporting)
- Finland's 96.9% is above the median for Europe & Central Asia, which is 56.3%, 1.7× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.1% | 35.6% | 40.7% | 10 |
| 1970s | 42.5% | 40.2% | 44.1% | 10 |
| 1980s | 58.8% | 45.1% | 78.9% | 10 |
| 1990s | 69.3% | 50.1% | 90.5% | 9 |
| 2000s | 68.6% | 52.6% | 86.2% | 9 |
| 2010s | 92.5% | 87.9% | 95.0% | 10 |
| 2020s | 98.4% | 96.9% | 99.8% | 2 |
Countries ranked near Finland
More financial sector data for Finland
- Net domestic credit (current LCU), per capita 64,847 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.22 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate -1.46 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 49.24 million SDR (2025)
- Gold reserves at market value 4.49 billion SDR (2025)
- Reserves excluding gold, foreign exchange 7.56 billion SDR (2025)
- Reserves excluding gold 11.91 billion SDR (2025)
- Total reserves (gold at market value) 16.40 billion SDR (2025)
- Total reserves (gold at national valuation) 16.34 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 2,894 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Finland?
- Private credit by deposit money banks and other financial in Finland was 96.9% 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 Finland?
- The highest recorded value was 99.8% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Finland?
- The lowest recorded value was 35.6% in 1960.
- How does Finland rank for private credit by deposit money banks and other financial?
- Finland ranks 34th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Finland?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is rising.
- Where does this Finland 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.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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)