Credit to the private sector — all countries

Credit to the private sector — Western Asia

Credit to the private sector in Western Asia in 2024 — 53.16%. Since 1998, the indicator has risen by 7.34 pp.

2024 53.16% −2.7 pp vs 2023
World rank
Period maximum 74.44%2020
Period minimum 40.89%2008

Trend over time

1998–2024 · % of GDP

Credit to the private sector — Western Asia, 1998–2024405060708019982001200420072010201320162019202220241998: 45.82%1999: 44.91%2000: 42.21%2001: 48.08%2002: 48.84%2003: 47.39%2004: 44.98%2005: 44.86%2006: 43.25%2007: 45.27%2008: 40.89%2009: 46.42%2010: 46.42%2011: 45.01%2012: 45.75%2013: 49.85%2014: 53.46%2015: 62.06%2016: 66.22%2017: 64.24%2018: 64.22%2019: 64.85%2020: 74.44%2021: 69.12%2022: 58.01%2023: 55.86%2024: 53.16%
Change over the period: +7.34 pp Annual average: 0.28 pp

Comparison, 2024

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

Western Asia 53.16%
World 140.32%
Credit to the private sector — Western Asia, by year Western Asia All countries CSV XLSX
Year % Change, pp
2024 53.16 −2.7 pp
2023 55.86 −2.15 pp
2022 58.01 −11.1 pp
2021 69.12 −5.32 pp
2020 74.44 +9.59 pp
2019 64.85 +0.64 pp
2018 64.22 −0.02 pp
2017 64.24 −1.98 pp
2016 66.22 +4.16 pp
2015 62.06 +8.59 pp
2014 53.46 +3.61 pp
2013 49.85 +4.1 pp
2012 45.75 +0.73 pp
2011 45.01 −1.41 pp
2010 46.42 −0 pp
2009 46.42 +5.53 pp
2008 40.89 −4.38 pp
2007 45.27 +2.02 pp
2006 43.25 −1.61 pp
2005 44.86 −0.12 pp
2004 44.98 −2.41 pp
2003 47.39 −1.45 pp
2002 48.84 +0.77 pp
2001 48.08 +5.87 pp
2000 42.21 −2.7 pp
1999 44.91 −0.91 pp
1998 45.82

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.