Private credit by deposit money banks and other financial in Luxembourg
Luxembourg: Private credit by deposit money banks and other financial was 99.3% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Luxembourg, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Luxembourg is 99.3%, measured in 2021.
That represents a change of down 6.2% on the previous year and up 17.9% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Luxembourg peaked at 115.9% in 1992 and was at its lowest, 40.2%, in 1960.
That places Luxembourg 30th out of 187 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Private credit by deposit money banks and other financial in Luxembourg, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 40.2% | — |
| 1961 | 44.4% | +10.5% |
| 1962 | 44.6% | +0.5% |
| 1963 | 44.0% | -1.5% |
| 1964 | 46.9% | +6.5% |
| 1965 | 46.9% | +0.2% |
| 1966 | 50.2% | +6.9% |
| 1967 | 48.3% | -3.7% |
| 1968 | 46.0% | -4.8% |
| 1969 | 44.9% | -2.3% |
| 1970 | 46.1% | +2.6% |
| 1971 | 46.5% | +0.9% |
| 1972 | 46.1% | -0.9% |
| 1973 | 47.3% | +2.5% |
| 1974 | 52.2% | +10.4% |
| 1975 | 64.7% | +23.9% |
| 1976 | 65.3% | +0.8% |
| 1977 | 42.7% | -34.5% |
| 1978 | 78.9% | +84.6% |
| 1979 | 84.0% | +6.5% |
| 1980 | 91.3% | +8.7% |
| 1981 | 96.1% | +5.3% |
| 1982 | 96.3% | +0.2% |
| 1983 | 88.4% | -8.2% |
| 1984 | 85.2% | -3.7% |
| 1985 | 82.8% | -2.8% |
| 1986 | 87.0% | +5.1% |
| 1987 | 90.2% | +3.7% |
| 1988 | 93.4% | +3.6% |
| 1989 | 94.2% | +0.8% |
| 1990 | 104.5% | +11.0% |
| 1991 | 100.8% | -3.5% |
| 1992 | 115.9% | +15.0% |
| 1994 | 82.7% | -28.7% |
| 1995 | 85.5% | +3.4% |
| 1996 | 85.5% | -0.0% |
| 1997 | 88.0% | +3.0% |
| 2001 | 78.5% | -10.9% |
| 2002 | 67.5% | -14.0% |
| 2003 | 69.1% | +2.3% |
| 2004 | 66.0% | -4.4% |
| 2005 | 71.3% | +8.0% |
| 2006 | 74.7% | +4.8% |
| 2007 | 85.3% | +14.2% |
| 2008 | 101.2% | +18.6% |
| 2009 | 101.0% | -0.2% |
| 2010 | 86.1% | -14.7% |
| 2011 | 84.2% | -2.3% |
| 2012 | 83.6% | -0.7% |
| 2013 | 86.7% | +3.7% |
| 2014 | 86.5% | -0.2% |
| 2015 | 91.8% | +6.1% |
| 2016 | 96.7% | +5.4% |
| 2017 | 100.9% | +4.4% |
| 2018 | 105.8% | +4.8% |
| 2019 | 108.7% | +2.7% |
| 2020 | 105.8% | -2.7% |
| 2021 | 99.3% | -6.2% |
Luxembourg compared with similar countries
- Luxembourg's 99.3% is above the median for high income countries, which is 84.9%, 1.2× the median. (62 countries reporting)
- Luxembourg's 99.3% is above the median for Europe & Central Asia, which is 56.3%, 1.8× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Luxembourg 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 | +84.6% | 42.7% | 78.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 45.7% | 40.2% | 50.2% | 10 |
| 1970s | 57.4% | 42.7% | 84.0% | 10 |
| 1980s | 90.5% | 82.8% | 96.3% | 10 |
| 1990s | 94.7% | 82.7% | 115.9% | 7 |
| 2000s | 79.4% | 66.0% | 101.2% | 9 |
| 2010s | 93.1% | 83.6% | 108.7% | 10 |
| 2020s | 102.5% | 99.3% | 105.8% | 2 |
Countries ranked near Luxembourg
More financial sector data for Luxembourg
- Net domestic credit (current LCU), per capita 208,660 current LCU per person (2023)
- Net domestic credit (current LCU), per unit of GDP 1.57 current LCU per US$ of GDP (2023)
- Net domestic credit (current LCU), annual growth rate -6.24 % change on previous year (2023)
- Gold reserves at 35 SDRs per ounce 2.52 million SDR (2025)
- Gold reserves at market value 229.63 million SDR (2025)
- Reserves excluding gold, foreign exchange 33.59 million SDR (2025)
- Reserves excluding gold 2.00 billion SDR (2025)
- Total reserves (gold at market value) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) 2.23 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,243 SDR per person (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Luxembourg?
- Private credit by deposit money banks and other financial in Luxembourg was 99.3% 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 Luxembourg?
- The highest recorded value was 115.9% in 1992.
- What is the lowest private credit by deposit money banks and other financial recorded in Luxembourg?
- The lowest recorded value was 40.2% in 1960.
- How does Luxembourg rank for private credit by deposit money banks and other financial?
- Luxembourg ranks 30th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Luxembourg?
- Over the last ten years it is up 17.9%. The long-run trend across the full record is rising.
- Where does this Luxembourg 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)