Private credit by deposit money banks to GDP in Ecuador
Ecuador: Private credit by deposit money banks to GDP was 47.9% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Ecuador, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Ecuador recorded 47.9% for private credit by deposit money banks to gdp in 2021. That is the highest value across all 62 years on record.
Compared with earlier readings it is up 7.3% on the previous year and up 89.6% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Ecuador peaked at 47.9% in 2021 and was at its lowest, 8.6%, in 1965.
That places Ecuador 90th 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 to GDP in Ecuador, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 10.9% | — |
| 1961 | 10.3% | -5.6% |
| 1962 | 11.2% | +8.6% |
| 1963 | 9.7% | -12.9% |
| 1964 | 9.0% | -7.5% |
| 1965 | 8.6% | -4.8% |
| 1966 | 8.6% | +0.5% |
| 1967 | 9.6% | +11.9% |
| 1968 | 11.1% | +15.4% |
| 1969 | 10.0% | -10.0% |
| 1970 | 9.0% | -9.9% |
| 1971 | 10.5% | +16.3% |
| 1972 | 10.4% | -0.7% |
| 1973 | 10.7% | +3.0% |
| 1974 | 9.2% | -14.3% |
| 1975 | 10.4% | +12.7% |
| 1976 | 11.3% | +8.9% |
| 1977 | 11.7% | +3.4% |
| 1978 | 12.7% | +8.8% |
| 1979 | 12.8% | +0.5% |
| 1980 | 12.4% | -2.6% |
| 1981 | 12.7% | +2.0% |
| 1982 | 13.9% | +9.1% |
| 1983 | 16.5% | +18.8% |
| 1984 | 18.2% | +10.7% |
| 1985 | 16.2% | -11.1% |
| 1986 | 15.0% | -7.2% |
| 1987 | 14.3% | -4.8% |
| 1988 | 9.9% | -30.7% |
| 1989 | 8.7% | -12.3% |
| 1990 | 8.9% | +2.4% |
| 1991 | 9.0% | +1.4% |
| 1992 | 9.7% | +8.0% |
| 1993 | 15.2% | +55.6% |
| 1994 | 20.5% | +35.0% |
| 1995 | 22.1% | +7.7% |
| 1996 | 22.2% | +0.5% |
| 1997 | 23.9% | +8.0% |
| 1998 | 21.9% | -8.5% |
| 1999 | 22.4% | +2.3% |
| 2000 | 26.0% | +16.1% |
| 2001 | 24.0% | -7.9% |
| 2002 | 18.0% | -24.7% |
| 2003 | 16.6% | -7.7% |
| 2004 | 18.7% | +12.5% |
| 2005 | 20.3% | +8.5% |
| 2006 | 21.1% | +3.9% |
| 2007 | 22.0% | +4.3% |
| 2008 | 22.5% | +2.3% |
| 2009 | 22.2% | -1.5% |
| 2010 | 24.5% | +10.4% |
| 2011 | 25.3% | +3.2% |
| 2012 | 26.1% | +3.2% |
| 2013 | 26.5% | +1.6% |
| 2014 | 27.1% | +2.4% |
| 2015 | 27.2% | +0.3% |
| 2016 | 28.7% | +5.6% |
| 2017 | 32.3% | +12.3% |
| 2018 | 36.0% | +11.5% |
| 2019 | 39.9% | +11.0% |
| 2020 | 44.7% | +12.0% |
| 2021 | 47.9% | +7.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.9% | 8.6% | 11.2% | 10 |
| 1970s | 10.9% | 9.0% | 12.8% | 10 |
| 1980s | 13.8% | 8.7% | 18.2% | 10 |
| 1990s | 17.6% | 8.9% | 23.9% | 10 |
| 2000s | 21.1% | 16.6% | 26.0% | 10 |
| 2010s | 29.4% | 24.5% | 39.9% | 10 |
| 2020s | 46.3% | 44.7% | 47.9% | 2 |
Countries ranked near Ecuador
- 87 Philippines 49.9% compare
- 88 Sri Lanka 49.7% compare
- 89 Antigua and Barbuda 49.5% compare
- 91 Mongolia 47.9% compare
- 92 Kosovo 47.8% compare
- 92 Kosovo (UNSCR 1244) 47.8% compare
More financial sector data for Ecuador
- 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 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.14 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.56 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 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.14 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 to gdp in Ecuador?
- Private credit by deposit money banks to gdp in Ecuador was 47.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Ecuador?
- The highest recorded value was 47.9% in 2021.
- What is the lowest private credit by deposit money banks to gdp recorded in Ecuador?
- The lowest recorded value was 8.6% in 1965.
- How does Ecuador rank for private credit by deposit money banks to gdp?
- Ecuador ranks 90th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Ecuador?
- Over the last ten years it is up 89.6%. The long-run trend across the full record is volatile.
- Where does this Ecuador 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 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 (IFS line 22d); 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).