Credit to the private sector — all countries

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

Credit to the private sector in upper-middle-income countries in 2025 — 53.85%. Since 2004, the indicator has fallen by 15.83 pp.

2025 53.85% −86.9 pp vs 2024
World rank
Period maximum 140.75%2024
Period minimum 53.85%2025

Trend over time

2004–2025 · % of GDP

Credit to the private sector — Upper-middle-income countries, 2004–20255075100125150200420072010201320162019202220252004: 69.68%2005: 66.96%2006: 68.12%2007: 70.6%2008: 67.32%2009: 79.87%2010: 81.54%2011: 82.86%2012: 88.71%2013: 94.32%2014: 99.81%2015: 110.75%2016: 113.26%2017: 112.28%2018: 119.14%2019: 122.19%2020: 139.17%2021: 135.86%2022: 136.84%2023: 138.49%2024: 140.75%2025: 53.85%
Change over the period: −15.83 pp Annual average: -0.75 pp
Credit to the private sector — Upper-middle-income countries, by year Upper-middle-income countries All countries CSV XLSX
Year % Change, pp
2025 53.85 −86.9 pp
2024 140.75 +2.26 pp
2023 138.49 +1.65 pp
2022 136.84 +0.98 pp
2021 135.86 −3.3 pp
2020 139.17 +16.98 pp
2019 122.19 +3.05 pp
2018 119.14 +6.86 pp
2017 112.28 −0.98 pp
2016 113.26 +2.51 pp
2015 110.75 +10.94 pp
2014 99.81 +5.49 pp
2013 94.32 +5.61 pp
2012 88.71 +5.86 pp
2011 82.86 +1.32 pp
2010 81.54 +1.66 pp
2009 79.87 +12.56 pp
2008 67.32 −3.28 pp
2007 70.6 +2.48 pp
2006 68.12 +1.17 pp
2005 66.96 −2.73 pp
2004 69.68

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.