Italy's net domestic credit (current LCU) was 3.04 trillion in 2023, the latest year in the World Bank's World Development Indicators. That is up 9.57% from 2.77 trillion in 2013 (0.92% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.04 trillion | 2023 |
| Five years earlier | 2.86 trillion | 2018 |
| Ten years earlier | 2.77 trillion | 2013 |
| Highest | 3.2 trillion | 2021 |
| Lowest | 1.22 trillion | 2001 |
| Average since 2014 | 2.96 trillion | 2014–2023 |
| First recorded | 1.22 trillion |
What the numbers say
In 2023, Italy's net domestic credit (current LCU) fell 4% on 2022 (from 3.16 trillion to 3.04 trillion).
Across the 21 yearly changes before that (2002 to 2022), the average change was +4.8% and a typical year strayed about 5.4% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 19.4% in 2007 and the biggest yearly fall was 4% in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 43.69 billion a year. A straight line explains 73% 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
In 2023, Italy had the 5th highest value of the 13 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Italy in the 2023 ranking
- Nigeria — 1st of 13: 87.72 trillion
- Congo, Dem. Rep. — 2nd of 13: 23.76 trillion
- Germany — 3rd of 13: 6.05 trillion
- Netherlands — 5th of 13: 1.65 trillion
- Ireland — 6th of 13: 300.76 billion
- Luxembourg — 7th of 13: 139.06 billion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 23 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2023 | 3,036,639,000,000 |
| 2022 | 3,163,493,000,000 |
| 2021 | 3,197,452,000,000 |
| 2020 | 3,119,501,000,000 |
| 2019 | 2,903,600,000,000 |
| 2018 | 2,861,983,000,000 |
| 2017 | 2,852,865,000,000 |
| 2016 | 2,868,808,000,000 |
| 2015 | 2,804,050,000,000 |
| 2014 | 2,791,313,000,000 |
Net domestic credit (current LCU) in nearby economies
- Albania — 1.46 trillion (2025)
- Armenia — 9.58 trillion (2025)
- Austria — 587.58 billion (2024)
- Azerbaijan — 36.87 billion (2025)
- Belarus — 60.23 billion (2021)
- Belgium — 762.57 billion (2024)
- Bosnia and Herzegovina — 29.62 billion (2025)
- Bulgaria — 58.79 billion (2024)
- Croatia — 49.55 billion (2024)
- Cyprus — 24.91 billion (2024)
- Czechia
More financial sector data for Italy
- Consumer price index (2010 = 100) — 131.87 (2025)
- Inflation, consumer prices (annual % growth) — 1.53% (2025)
- GDP deflator (base year varies by country) — 115.8 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
- Inflation, GDP deflator (annual % growth) — 1.99% (2025)
- Real effective exchange rate index (2010 = 100) — 95.58 (2025)
- S&P Global Equity Indices (annual % change) — 48.59% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 1.99% (2025)
Reading data like this
Questions people ask
- What is Italy's net domestic credit (current LCU)?
- 3.04 trillion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2001?
- It is up 148.85% from 1.22 trillion in 2001 (4.23% a year on average, compounded). The highest value was 3.2 trillion in 2021 and the lowest 1.22 trillion in 2001.
- How does Italy rank?
- 5th highest of 13 economies with data for 2023.
- Is the latest change in net domestic credit (current LCU) unusual for Italy?
- In 2023, Italy's net domestic credit (current LCU) fell 4% on 2022 (from 3.16 trillion to 3.04 trillion). Across the 21 yearly changes before that (2002 to 2022), the average change was +4.8% and a typical year strayed about 5.4% from that (the standard deviation). This year's change was 1.6 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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