Private credit by deposit money banks and other financial in Greece
Greece: Private credit by deposit money banks and other financial was 56.8% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Greece, 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 Greece stood at 56.8%.
The figure is down 30.8% on the previous year and down 52.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Greece peaked at 119.1% in 2011 and was at its lowest, 10.8%, in 1961.
That places Greece 77th out of 187 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Greece, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 10.9% | — |
| 1961 | 10.8% | -1.1% |
| 1962 | 12.9% | +19.4% |
| 1963 | 14.7% | +14.3% |
| 1964 | 14.2% | -3.4% |
| 1965 | 12.5% | -11.9% |
| 1966 | 12.6% | +0.6% |
| 1967 | 14.0% | +11.1% |
| 1968 | 14.6% | +4.7% |
| 1969 | 15.1% | +2.9% |
| 1970 | 15.9% | +5.3% |
| 1971 | 17.5% | +10.7% |
| 1972 | 19.1% | +8.8% |
| 1973 | 16.4% | -14.0% |
| 1974 | 17.3% | +5.4% |
| 1975 | 19.0% | +9.7% |
| 1976 | 20.0% | +5.2% |
| 1977 | 21.4% | +7.0% |
| 1978 | 38.5% | +80.2% |
| 1979 | 36.7% | -4.8% |
| 1980 | 36.7% | +0.0% |
| 1981 | 38.5% | +4.9% |
| 1982 | 38.2% | -0.9% |
| 1983 | 37.3% | -2.2% |
| 1984 | 36.4% | -2.5% |
| 1985 | 36.1% | -0.7% |
| 1986 | 36.5% | +1.0% |
| 1987 | 33.8% | -7.3% |
| 1988 | 32.1% | -5.3% |
| 1989 | 32.9% | +2.7% |
| 1990 | 31.1% | -5.6% |
| 1991 | 29.3% | -5.7% |
| 1992 | 28.7% | -2.1% |
| 1993 | 26.6% | -7.2% |
| 1994 | 26.6% | -0.1% |
| 1995 | 28.8% | +8.3% |
| 1996 | 29.5% | +2.5% |
| 1997 | 30.4% | +3.1% |
| 1998 | 32.1% | +5.6% |
| 2001 | 50.0% | +55.5% |
| 2002 | 53.2% | +6.5% |
| 2003 | 57.0% | +7.2% |
| 2004 | 62.2% | +9.0% |
| 2005 | 71.9% | +15.6% |
| 2006 | 76.1% | +5.9% |
| 2007 | 84.4% | +10.9% |
| 2008 | 89.2% | +5.6% |
| 2009 | 87.9% | -1.4% |
| 2010 | 112.4% | +27.9% |
| 2011 | 119.1% | +6.0% |
| 2012 | 118.4% | -0.6% |
| 2013 | 118.4% | +0.0% |
| 2014 | 116.9% | -1.3% |
| 2015 | 112.6% | -3.7% |
| 2016 | 108.4% | -3.7% |
| 2017 | 100.7% | -7.1% |
| 2018 | 91.5% | -9.1% |
| 2019 | 80.8% | -11.7% |
| 2020 | 82.1% | +1.6% |
| 2021 | 56.8% | -30.8% |
Greece compared with similar countries
- Greece's 56.8% is below the median for high income countries, which is 84.9%, 67% of the median. (62 countries reporting)
- Greece's 56.8% is above the median for Europe & Central Asia, which is 56.3%, 1.0× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Greece 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 |
|---|---|---|---|
| 1978 | +80.2% | 21.4% | 38.5% |
| 2001 | +55.5% | 32.1% | 50.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13.2% | 10.8% | 15.1% | 10 |
| 1970s | 22.2% | 15.9% | 38.5% | 10 |
| 1980s | 35.9% | 32.1% | 38.5% | 10 |
| 1990s | 29.3% | 26.6% | 32.1% | 9 |
| 2000s | 70.2% | 50.0% | 89.2% | 9 |
| 2010s | 107.9% | 80.8% | 119.1% | 10 |
| 2020s | 69.4% | 56.8% | 82.1% | 2 |
Countries ranked near Greece
- 74 South Africa 57.7% compare
- 75 Grenada 57.3% compare
- 76 Costa Rica 57.1% compare
- 78 Russia 56.3% compare
- 79 Bosnia and Herzegovina 55.9% compare
- 80 North Macedonia 55.9% compare
More financial sector data for Greece
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 75.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 55.22 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0028 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 75.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Greece?
- Private credit by deposit money banks and other financial in Greece was 56.8% 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 Greece?
- The highest recorded value was 119.1% in 2011.
- What is the lowest private credit by deposit money banks and other financial recorded in Greece?
- The lowest recorded value was 10.8% in 1961.
- How does Greece rank for private credit by deposit money banks and other financial?
- Greece ranks 77th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Greece?
- Over the last ten years it is down 52.3%. The long-run trend across the full record is volatile.
- Where does this Greece 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)