Credit to the private sector — all countries

Credit to the private sector — Armenia

Credit to the private sector in Armenia in 2025 — 70.54%. Ranked 20 in the world out of 87. Since 2009, the indicator has risen by 45.68 pp.

2025 70.54% +6.16 pp vs 2024
World rank 20of 87
Period maximum 72.19%2020
Period minimum 24.85%2009

Trend over time

2009–2025 · % of GDP

Credit to the private sector — Armenia, 2009–20250204060802009201120132015201720192021202320252009: 24.85%2010: 28.45%2011: 35.37%2012: 40.06%2013: 42.38%2014: 48.92%2015: 45.63%2016: 48.88%2017: 51.54%2018: 55.5%2019: 60.16%2020: 72.19%2021: 61.67%2022: 52.55%2023: 55.4%2024: 64.38%2025: 70.54%
Change over the period: +45.68 pp Annual average: 2.86 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 70.54%
Credit to the private sector — Armenia, by year Armenia All countries CSV XLSX
Year % Change, pp
2025 70.54 +6.16 pp
2024 64.38 +8.97 pp
2023 55.4 +2.85 pp
2022 52.55 −9.12 pp
2021 61.67 −10.52 pp
2020 72.19 +12.04 pp
2019 60.16 +4.65 pp
2018 55.5 +3.96 pp
2017 51.54 +2.67 pp
2016 48.88 +3.24 pp
2015 45.63 −3.29 pp
2014 48.92 +6.54 pp
2013 42.38 +2.32 pp
2012 40.06 +4.69 pp
2011 35.37 +6.92 pp
2010 28.45 +3.59 pp
2009 24.85

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.