Credit to the private sector — all countries

Credit to the private sector — G7

Credit to the private sector in the G7 in 2024 — 173.7%. Since 2001, the indicator has risen by 24.15 pp.

2024 173.7% +11.76 pp vs 2023
World rank
Period maximum 181.21%2020
Period minimum 144.09%2002

Trend over time

2001–2024 · % of GDP

Credit to the private sector — G7, 2001–20241401501601701801902001200420072010201320162019202220242001: 149.55%2002: 144.09%2003: 149.16%2004: 150.72%2005: 153.87%2006: 159.6%2007: 162%2008: 153.18%2009: 158.41%2010: 154.01%2011: 148.31%2012: 149.52%2013: 152.55%2014: 151.03%2015: 152.86%2016: 154.9%2017: 159.87%2018: 153.42%2019: 162.28%2020: 181.21%2021: 180.13%2022: 161.91%2023: 161.93%2024: 173.7%
Change over the period: +24.15 pp Annual average: 1.05 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: G7

G7 173.7%
World 140.32%
Credit to the private sector — G7, by year G7 All countries CSV XLSX
Year % Change, pp
2024 173.7 +11.76 pp
2023 161.93 +0.03 pp
2022 161.91 −18.22 pp
2021 180.13 −1.09 pp
2020 181.21 +18.94 pp
2019 162.28 +8.86 pp
2018 153.42 −6.46 pp
2017 159.87 +4.97 pp
2016 154.9 +2.04 pp
2015 152.86 +1.83 pp
2014 151.03 −1.52 pp
2013 152.55 +3.04 pp
2012 149.52 +1.2 pp
2011 148.31 −5.69 pp
2010 154.01 −4.4 pp
2009 158.41 +5.23 pp
2008 153.18 −8.83 pp
2007 162 +2.41 pp
2006 159.6 +5.73 pp
2005 153.87 +3.14 pp
2004 150.72 +1.56 pp
2003 149.16 +5.07 pp
2002 144.09 −5.46 pp
2001 149.55

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.