Credit to the private sector — all countries

Credit to the private sector — Lower-middle-income countries

Credit to the private sector in lower-middle-income countries in 2024 — 39.16%. Since 1989, the indicator has risen by 15.7 pp.

2024 39.16% +0.65 pp vs 2023
World rank
Period maximum 43.81%2010
Period minimum 21.1%1991

Trend over time

1989–2024 · % of GDP

Credit to the private sector — Lower-middle-income countries, 1989–20242030405019891993199720012005200920132017202120241989: 23.46%1990: 22.58%1991: 21.1%1992: 22.06%1993: 21.63%1994: 22.05%1995: 21.82%1996: 22.25%1997: 23.57%1998: 23.57%1999: 27.36%2000: 28.73%2001: 29.73%2002: 30.6%2003: 30.22%2004: 32.42%2005: 34.12%2006: 36.14%2007: 38.79%2008: 42.41%2009: 42.41%2010: 43.81%2011: 43.2%2012: 42.68%2013: 41.65%2014: 42.35%2015: 43.18%2016: 40.01%2017: 38.63%2018: 38.53%2019: 37.51%2020: 40.25%2021: 38.89%2022: 39.69%2023: 38.51%2024: 39.16%
Change over the period: +15.7 pp Annual average: 0.45 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries 39.16%
World 140.32%
Credit to the private sector — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year % Change, pp
2024 39.16 +0.65 pp
2023 38.51 −1.19 pp
2022 39.69 +0.8 pp
2021 38.89 −1.36 pp
2020 40.25 +2.73 pp
2019 37.51 −1.02 pp
2018 38.53 −0.09 pp
2017 38.63 −1.39 pp
2016 40.01 −3.17 pp
2015 43.18 +0.83 pp
2014 42.35 +0.71 pp
2013 41.65 −1.03 pp
2012 42.68 −0.52 pp
2011 43.2 −0.61 pp
2010 43.81 +1.4 pp
2009 42.41 +0 pp
2008 42.41 +3.62 pp
2007 38.79 +2.65 pp
2006 36.14 +2.01 pp
2005 34.12 +1.7 pp
2004 32.42 +2.21 pp
2003 30.22 −0.39 pp
2002 30.6 +0.87 pp
2001 29.73 +1 pp
2000 28.73 +1.38 pp
1999 27.36 +3.79 pp
1998 23.57 −0.01 pp
1997 23.57 +1.32 pp
1996 22.25 +0.43 pp
1995 21.82 −0.22 pp
1994 22.05 +0.42 pp
1993 21.63 −0.43 pp
1992 22.06 +0.95 pp
1991 21.1 −1.48 pp
1990 22.58 −0.88 pp
1989 23.46

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.