Private credit by deposit money banks to GDP in Estonia
Estonia: Private credit by deposit money banks to GDP was 60.9% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Estonia, 1995–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Estonia recorded 60.9% for private credit by deposit money banks to gdp in 2021.
Compared with earlier readings it is down 6.1% on the previous year and down 22.0% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Estonia peaked at 101.4% in 2009 and was at its lowest, 15.6%, in 1995.
That places Estonia 62nd out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 27 years of available data.
Private credit by deposit money banks to GDP in Estonia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 15.6% | — |
| 1996 | 21.6% | +38.0% |
| 1997 | 31.3% | +44.8% |
| 1998 | 31.4% | +0.6% |
| 1999 | 31.5% | +0.3% |
| 2000 | 36.0% | +14.2% |
| 2001 | 38.9% | +8.0% |
| 2002 | 44.4% | +14.2% |
| 2003 | 50.4% | +13.7% |
| 2004 | 40.3% | -20.2% |
| 2005 | 56.6% | +40.4% |
| 2006 | 76.2% | +34.8% |
| 2007 | 83.7% | +9.9% |
| 2008 | 89.7% | +7.1% |
| 2009 | 101.4% | +13.1% |
| 2010 | 92.8% | -8.5% |
| 2011 | 78.0% | -15.9% |
| 2012 | 72.9% | -6.6% |
| 2013 | 69.5% | -4.7% |
| 2014 | 67.2% | -3.2% |
| 2015 | 68.7% | +2.2% |
| 2016 | 69.5% | +1.1% |
| 2017 | 63.8% | -8.1% |
| 2018 | 62.2% | -2.6% |
| 2019 | 59.8% | -3.9% |
| 2020 | 64.8% | +8.5% |
| 2021 | 60.9% | -6.1% |
Estonia compared with similar countries
- Estonia's 60.9% is below the median for high income countries, which is 79.1%, 77% of the median. (62 countries reporting)
- Estonia's 60.9% is above the median for Europe & Central Asia, which is 56.3%, 1.1× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.3% | 15.6% | 31.5% | 5 |
| 2000s | 61.8% | 36.0% | 101.4% | 10 |
| 2010s | 70.4% | 59.8% | 92.8% | 10 |
| 2020s | 62.8% | 60.9% | 64.8% | 2 |
Countries ranked near Estonia
More financial sector data for Estonia
- Reserve position in the IMF, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 63.05 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 3.37 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 46.04 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 8.55 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 63.05 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 3.37 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks to gdp in Estonia?
- Private credit by deposit money banks to gdp in Estonia was 60.9% 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 Estonia?
- The highest recorded value was 101.4% in 2009.
- What is the lowest private credit by deposit money banks to gdp recorded in Estonia?
- The lowest recorded value was 15.6% in 1995.
- How does Estonia rank for private credit by deposit money banks to gdp?
- Estonia ranks 62nd out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Estonia?
- Over the last ten years it is down 22.0%. The long-run trend across the full record is rising.
- Where does this Estonia 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).