Credit to the private sector — all countries

Credit to the private sector — Euro area

Credit to the private sector in the Euro area in 2024 — 77.13%. Since 2001, the indicator has fallen by 10.75 pp.

2024 77.13% −2.46 pp vs 2023
World rank
Period maximum 105.46%2009
Period minimum 77.13%2024

Trend over time

2001–2024 · % of GDP

Credit to the private sector — Euro area, 2001–20247080901001102001200420072010201320162019202220242001: 87.88%2002: 88%2003: 88.89%2004: 90.02%2005: 94.55%2006: 98.22%2007: 101.19%2008: 103%2009: 105.46%2010: 102.69%2011: 100.72%2012: 98.74%2013: 95.74%2014: 91.58%2015: 88.87%2016: 87.89%2017: 86.82%2018: 85.61%2019: 84.89%2020: 93.56%2021: 88.9%2022: 84.85%2023: 79.59%2024: 77.13%
Change over the period: −10.75 pp Annual average: -0.47 pp

Comparison, 2024

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

Euro area 77.13%
World 140.32%
Credit to the private sector — Euro area, by year Euro area All countries CSV XLSX
Year % Change, pp
2024 77.13 −2.46 pp
2023 79.59 −5.26 pp
2022 84.85 −4.04 pp
2021 88.9 −4.66 pp
2020 93.56 +8.67 pp
2019 84.89 −0.72 pp
2018 85.61 −1.21 pp
2017 86.82 −1.07 pp
2016 87.89 −0.98 pp
2015 88.87 −2.71 pp
2014 91.58 −4.17 pp
2013 95.74 −3 pp
2012 98.74 −1.98 pp
2011 100.72 −1.97 pp
2010 102.69 −2.77 pp
2009 105.46 +2.46 pp
2008 103 +1.81 pp
2007 101.19 +2.97 pp
2006 98.22 +3.66 pp
2005 94.55 +4.53 pp
2004 90.02 +1.13 pp
2003 88.89 +0.89 pp
2002 88 +0.12 pp
2001 87.88

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.