Europe & Central Asia: Monetary sector credit to private sector (% of GDP)

Key figures

What the numbers say

In 2024, Europe & Central Asia's monetary sector credit to private sector (% of GDP) fell 2.36 percentage points on 2023 (from 83.54% to 81.18%).

Across the 22 yearly changes before that (2002 to 2023), the average change was −0.23 percentage points and a typical year strayed about 3.56 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below 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 8.8 percentage points in 2020 and the biggest yearly fall was 5.46 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 0.92 percentage points a year. A straight line explains 37% 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, 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. 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.

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

All 24 values

Monetary sector 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

More financial sector data for Europe & Central Asia

• Stocks traded, turnover ratio of domestic shares (%) — 50.54% (2024)
• Market capitalization of listed domestic companies (current US$) — US$8.3 trillion (2018)
• Market capitalization of listed domestic companies (% of GDP) — 53.2% (2018)
• Listed domestic companies, total — 6,950 (2017)
• Inflation, GDP deflator (annual % growth) — 3.6% (2025)
• Inflation, consumer prices (annual % growth) — 3.75% (2025)
• Domestic credit to private sector (% of GDP) — 82.11% (2024)
• Domestic credit to private sector by banks (% of GDP) — 82.58% (2023)

Reading data like this

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Questions people ask

What is Europe & Central Asia's monetary sector credit to private sector (% of GDP)?

81.18% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is down 7.5 percentage points from 88.67% in 2001. The highest value was 108.97% in 2009 and the lowest 81.18% in 2024.

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

In 2024, Europe & Central Asia's monetary sector credit to private sector (% of GDP) fell 2.36 percentage points on 2023 (from 83.54% to 81.18%). Across the 22 yearly changes before that (2002 to 2023), the average change was −0.23 percentage points and a typical year strayed about 3.56 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below 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 FM.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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