Credit to the private sector — all countries

Credit to the private sector — Estonia

Credit to the private sector in Estonia in 2024 — 60.54%. Ranked 46 in the world out of 143. Since 2004, the indicator has risen by 20.24 pp.

2024 60.54% +2.87 pp vs 2023
World rank 46of 143
Period maximum 101.38%2009
Period minimum 40.3%2004

Trend over time

2004–2024 · % of GDP

Credit to the private sector — Estonia, 2004–2024406080100120200420062008201020122014201620182020202220242004: 40.3%2005: 56.57%2006: 76.22%2007: 83.75%2008: 89.67%2009: 101.38%2010: 92.8%2011: 77.73%2012: 72.24%2013: 68.57%2014: 66.22%2015: 67.72%2016: 68.41%2017: 62.86%2018: 60.76%2019: 58.24%2020: 62.47%2021: 59.29%2022: 57.23%2023: 57.66%2024: 60.54%
Change over the period: +20.24 pp Annual average: 1.01 pp

Comparison, 2024

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

Estonia 60.54%
World 140.32%
Northern Europe computed 105.13%
Credit to the private sector — Estonia, by year Estonia All countries CSV XLSX
Year % Change, pp
2024 60.54 +2.87 pp
2023 57.66 +0.43 pp
2022 57.23 −2.07 pp
2021 59.29 −3.17 pp
2020 62.47 +4.23 pp
2019 58.24 −2.52 pp
2018 60.76 −2.1 pp
2017 62.86 −5.55 pp
2016 68.41 +0.69 pp
2015 67.72 +1.5 pp
2014 66.22 −2.34 pp
2013 68.57 −3.67 pp
2012 72.24 −5.49 pp
2011 77.73 −15.08 pp
2010 92.8 −8.58 pp
2009 101.38 +11.71 pp
2008 89.67 +5.92 pp
2007 83.75 +7.52 pp
2006 76.22 +19.65 pp
2005 56.57 +16.28 pp
2004 40.3

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.