Credit to the private sector — all countries

Credit to the private sector — Western Europe

Credit to the private sector in Western Europe in 2024 — 94.71%. Since 2001, the indicator has fallen by 4.25 pp.

2024 94.71% +5.76 pp vs 2023
World rank
Period maximum 99.88%2009
Period minimum 87.57%2017

Trend over time

2001–2024 · % of GDP

Credit to the private sector — Western Europe, 2001–20248590951002001200420072010201320162019202220242001: 98.96%2002: 97.81%2003: 96.76%2004: 95.83%2005: 97.22%2006: 97.16%2007: 96.81%2008: 97.33%2009: 99.88%2010: 95.71%2011: 94.84%2012: 95.01%2013: 93.9%2014: 92.14%2015: 92.33%2016: 93.17%2017: 87.57%2018: 88.42%2019: 89.43%2020: 98.7%2021: 95.97%2022: 93.64%2023: 88.95%2024: 94.71%
Change over the period: −4.25 pp Annual average: -0.18 pp

Comparison, 2024

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

Western Europe 94.71%
World 140.32%
Credit to the private sector — Western Europe, by year Western Europe All countries CSV XLSX
Year % Change, pp
2024 94.71 +5.76 pp
2023 88.95 −4.69 pp
2022 93.64 −2.32 pp
2021 95.97 −2.73 pp
2020 98.7 +9.27 pp
2019 89.43 +1 pp
2018 88.42 +0.86 pp
2017 87.57 −5.6 pp
2016 93.17 +0.84 pp
2015 92.33 +0.19 pp
2014 92.14 −1.76 pp
2013 93.9 −1.11 pp
2012 95.01 +0.17 pp
2011 94.84 −0.87 pp
2010 95.71 −4.18 pp
2009 99.88 +2.55 pp
2008 97.33 +0.52 pp
2007 96.81 −0.34 pp
2006 97.16 −0.06 pp
2005 97.22 +1.39 pp
2004 95.83 −0.93 pp
2003 96.76 −1.05 pp
2002 97.81 −1.15 pp
2001 98.96

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.