Private credit by deposit money banks and other financial in Hungary
Hungary: Private credit by deposit money banks and other financial was 38.3% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Hungary, 1991–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Hungary stood at 38.3%.
That represents a change of up 1.5% on the previous year and down 34.3% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Hungary peaked at 67.9% in 2008 and was at its lowest, 21.4%, in 1996.
Hungary ranks 107th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Private credit by deposit money banks and other financial in Hungary, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 37.6% | — |
| 1992 | 32.0% | -14.8% |
| 1993 | 27.2% | -15.0% |
| 1994 | 25.4% | -6.6% |
| 1995 | 21.6% | -14.8% |
| 1996 | 21.4% | -1.3% |
| 1997 | 23.5% | +10.1% |
| 1998 | 23.4% | -0.6% |
| 1999 | 25.5% | +9.1% |
| 2000 | 31.9% | +25.0% |
| 2001 | 32.6% | +2.4% |
| 2002 | 34.4% | +5.3% |
| 2003 | 41.8% | +21.5% |
| 2004 | 44.9% | +7.5% |
| 2005 | 49.9% | +11.1% |
| 2006 | 54.0% | +8.3% |
| 2007 | 60.7% | +12.4% |
| 2008 | 67.9% | +12.0% |
| 2009 | 59.7% | -12.1% |
| 2010 | 60.1% | +0.7% |
| 2011 | 58.3% | -3.1% |
| 2012 | 50.2% | -13.8% |
| 2013 | 46.0% | -8.4% |
| 2014 | 42.5% | -7.7% |
| 2015 | 35.1% | -17.5% |
| 2016 | 33.4% | -4.9% |
| 2017 | 32.4% | -2.9% |
| 2018 | 32.3% | -0.2% |
| 2019 | 33.4% | +3.2% |
| 2020 | 37.7% | +13.1% |
| 2021 | 38.3% | +1.5% |
Hungary compared with similar countries
- Hungary's 38.3% is below the median for high income countries, which is 84.9%, 45% of the median. (62 countries reporting)
- Hungary's 38.3% is below the median for Europe & Central Asia, which is 56.3%, 68% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.4% | 21.4% | 37.6% | 9 |
| 2000s | 47.8% | 31.9% | 67.9% | 10 |
| 2010s | 42.4% | 32.3% | 60.1% | 10 |
| 2020s | 38.0% | 37.7% | 38.3% | 2 |
Countries ranked near Hungary
More financial sector data for Hungary
- Net domestic credit (current LCU), per capita 4.99 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 214.29 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 9.38 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 123.80 million SDR (2025)
- Gold reserves at market value 11.28 billion SDR (2025)
- Reserves excluding gold, foreign exchange 29.95 billion SDR (2025)
- Reserves excluding gold 31.87 billion SDR (2025)
- Total reserves (gold at market value) 43.15 billion SDR (2025)
- Total reserves (gold at national valuation) 43.04 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 4,524 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Hungary?
- Private credit by deposit money banks and other financial in Hungary was 38.3% 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 Hungary?
- The highest recorded value was 67.9% in 2008.
- What is the lowest private credit by deposit money banks and other financial recorded in Hungary?
- The lowest recorded value was 21.4% in 1996.
- How does Hungary rank for private credit by deposit money banks and other financial?
- Hungary ranks 107th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Hungary?
- Over the last ten years it is down 34.3%. The long-run trend across the full record is rising.
- Where does this Hungary 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)