Private credit by deposit money banks to GDP in Finland
Finland: Private credit by deposit money banks to GDP was 96.9% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Finland, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Finland stood at 96.9%.
Compared with earlier readings it is down 2.9% on the previous year and up 8.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Finland peaked at 99.8% in 2020 and was at its lowest, 35.6%, in 1960.
Finland ranks 29th of 187 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Private credit by deposit money banks to GDP in Finland, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 35.6% | — |
| 1961 | 37.0% | +4.0% |
| 1962 | 38.1% | +3.0% |
| 1963 | 37.2% | -2.5% |
| 1964 | 37.5% | +0.8% |
| 1965 | 38.1% | +1.6% |
| 1966 | 39.8% | +4.5% |
| 1967 | 40.7% | +2.3% |
| 1968 | 38.2% | -6.2% |
| 1969 | 38.7% | +1.2% |
| 1970 | 40.2% | +4.0% |
| 1971 | 42.1% | +4.8% |
| 1972 | 41.4% | -1.7% |
| 1973 | 42.2% | +1.9% |
| 1974 | 41.8% | -1.0% |
| 1975 | 43.5% | +4.2% |
| 1976 | 42.6% | -2.2% |
| 1977 | 43.9% | +3.1% |
| 1978 | 43.7% | -0.4% |
| 1979 | 44.1% | +1.0% |
| 1980 | 45.1% | +2.3% |
| 1981 | 45.9% | +1.7% |
| 1982 | 48.7% | +6.0% |
| 1983 | 51.5% | +5.7% |
| 1984 | 53.6% | +4.2% |
| 1985 | 58.7% | +9.4% |
| 1986 | 62.0% | +5.6% |
| 1987 | 67.4% | +8.8% |
| 1988 | 76.3% | +13.2% |
| 1989 | 78.9% | +3.3% |
| 1990 | 83.2% | +5.5% |
| 1991 | 90.5% | +8.8% |
| 1992 | 86.7% | -4.2% |
| 1993 | 78.3% | -9.7% |
| 1994 | 66.8% | -14.7% |
| 1995 | 59.7% | -10.6% |
| 1996 | 57.3% | -4.1% |
| 1997 | 51.2% | -10.7% |
| 1998 | 50.1% | -2.2% |
| 2001 | 52.6% | +5.0% |
| 2002 | 55.4% | +5.4% |
| 2003 | 60.3% | +8.8% |
| 2004 | 63.7% | +5.7% |
| 2005 | 69.2% | +8.7% |
| 2006 | 73.4% | +6.0% |
| 2007 | 76.3% | +3.9% |
| 2008 | 80.1% | +5.0% |
| 2009 | 86.2% | +7.6% |
| 2010 | 87.9% | +2.0% |
| 2011 | 89.3% | +1.5% |
| 2012 | 91.7% | +2.7% |
| 2013 | 92.9% | +1.3% |
| 2014 | 92.8% | -0.0% |
| 2015 | 94.4% | +1.7% |
| 2016 | 93.9% | -0.5% |
| 2017 | 93.1% | -0.9% |
| 2018 | 93.8% | +0.8% |
| 2019 | 95.0% | +1.2% |
| 2020 | 99.8% | +5.1% |
| 2021 | 96.9% | -2.9% |
Finland compared with similar countries
- Finland's 96.9% is above the median for high income countries, which is 79.1%, 1.2× the median. (62 countries reporting)
- Finland's 96.9% is above the median for Europe & Central Asia, which is 56.3%, 1.7× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.1% | 35.6% | 40.7% | 10 |
| 1970s | 42.5% | 40.2% | 44.1% | 10 |
| 1980s | 58.8% | 45.1% | 78.9% | 10 |
| 1990s | 69.3% | 50.1% | 90.5% | 9 |
| 2000s | 68.6% | 52.6% | 86.2% | 9 |
| 2010s | 92.5% | 87.9% | 95.0% | 10 |
| 2020s | 98.4% | 96.9% | 99.8% | 2 |
Countries ranked near Finland
More financial sector data for Finland
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 151.59 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % 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 110.69 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 151.59 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks to gdp in Finland?
- Private credit by deposit money banks to gdp in Finland was 96.9% 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 Finland?
- The highest recorded value was 99.8% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Finland?
- The lowest recorded value was 35.6% in 1960.
- How does Finland rank for private credit by deposit money banks to gdp?
- Finland ranks 29th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Finland?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is rising.
- Where does this Finland 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).