Europe & Central Asia (excluding high income): Domestic credit to private sector (% of GDP)

Key figures

What the numbers say

In 2025, Europe & Central Asia (excluding high income)'s domestic credit to private sector (% of GDP) rose 2.2 percentage points on 2024 (from 37.89% to 40.1%).

Across the 16 yearly changes before that (2009 to 2024), the average change was −0.27 percentage points and a typical year strayed about 3.72 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 6.65 percentage points in 2020 and the biggest yearly fall was 8.84 percentage points in 2022. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is downward, about 1.96 percentage points a year. A straight line explains 77% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

See how every economy compares in the full ranking.

What this measures

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 18 values

Domestic credit to private sector (% of GDP) in nearby economies

• Afghanistan — 3.1% (2020)
• Algeria — 19.59% (2025)
• Bahrain — 70.55% (2015)
• Djibouti — 25.16% (2025)
• Egypt, Arab Rep. — 25.84% (2025)
• Iran, Islamic Rep. — 57.83% (2016)
• Iraq — 13.99% (2024)
• Israel — 72.47% (2025)
• Jordan — 71.31% (2025)
• Kuwait — 4.92% (2025)

More financial sector data for Europe & Central Asia (excluding high income)

• Domestic credit to private sector by banks (% of GDP) — 33.88% (2025)
• Monetary sector credit to private sector (% of GDP) — 33.72% (2025)
• Broad money (% of GDP) — 40.6% (2025)
• Claims on central government, etc. (% of GDP) — 10.15% (2025)
• Inflation, GDP deflator (annual % growth) — 4.7% (2025)
• Inflation, consumer prices (annual % growth) — 4.07% (2025)
• Stocks traded, turnover ratio of domestic shares (%) — 188.11% (2024)
• Stocks traded, total value (current US$)

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Questions people ask

What is Europe & Central Asia (excluding high income)'s domestic credit to private sector (% of GDP)?

40.1% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2008?

It is down 2.16 percentage points from 42.26% in 2008. The highest value was 56.18% in 2014 and the lowest 37.89% in 2024.

Is the latest change in domestic credit to private sector (% of GDP) unusual for Europe & Central Asia (excluding high income)?

In 2025, Europe & Central Asia (excluding high income)'s domestic credit to private sector (% of GDP) rose 2.2 percentage points on 2024 (from 37.89% to 40.1%). Across the 16 yearly changes before that (2009 to 2024), the average change was −0.27 percentage points and a typical year strayed about 3.72 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FS.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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