Peru's domestic credit to private sector by banks (% of GDP) was 39.62% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.28 percentage points from 40.9% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 39.62% | 2024 |
| Five years earlier | 44.72% | 2019 |
| Ten years earlier | 40.9% | 2014 |
| Highest | 55.31% | 2020 |
| Lowest | 6.09% | 1978 |
| Average since 2015 | 44.84% | 2015–2024 |
| First recorded | 9.83% | 1960 |
What the numbers say
In 2024, Peru's domestic credit to private sector by banks (% of GDP) fell 3.33 percentage points on 2023 (from 42.95% to 39.62%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +1.06 percentage points and a typical year strayed about 3.4 percentage points from that (the standard deviation). This year's change was 1.3 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 10.59 percentage points in 2020 and the biggest yearly fall was 8.2 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 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Peru had the 24th highest value of the 38 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.
| Value | Year | |
|---|---|---|
| Peru | 39.62% | 2024 |
| World | 91.32% | 2024 |
| Latin America & Caribbean | 48.48% | 2025 |
| Upper middle income | 136.85% | 2024 |
Closest to Peru in the 2024 ranking
What this measures
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.
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 65 values
| Year | Domestic credit to private sector by banks (% of GDP) |
|---|---|
| 2024 | 39.62 |
| 2023 | 42.95 |
| 2022 | 45.65 |
| 2021 | 47.12 |
| 2020 | 55.31 |
| 2019 | 44.72 |
| 2018 | 43.9 |
| 2017 | 42.41 |
| 2016 | 42.81 |
| 2015 | 43.87 |
| 2014 |
Domestic credit to private sector by banks (% of GDP) in nearby economies
- Antigua and Barbuda — 37.42% (2025)
- Argentina — 15.83% (2025)
- Aruba — 58.05% (2023)
- Bahamas, The — 40.42% (2024)
- Barbados — 59.62% (2023)
- Belize — 42.86% (2025)
- Bolivia — 51.75% (2025)
- Brazil — 75.1% (2025)
- Chile — 70.1% (2025)
- Colombia
More financial sector data for Peru
- Consumer price index (2010 = 100) — 165.52 (2025)
- Inflation, consumer prices (annual % growth) — 1.53% (2025)
- GDP deflator (base year varies by country) — 197.2 (2025)
- DEC alternative conversion factor (LCU per US$) — US$3.57 (2025)
- Official exchange rate (LCU per US$, period average) — US$3.57 (2025)
- Net domestic credit (current LCU) — 436.63 billion (2024)
- Net foreign assets (current LCU) — 269.92 billion (2024)
- Monetary sector credit to private sector (% of GDP) — 39.62% (2024)
- Claims on central government, etc. (% of GDP) — -0.63% (2024)
- Domestic credit to private sector (% of GDP)
Reading data like this
Questions people ask
- What is Peru's domestic credit to private sector by banks (% of GDP)?
- 39.62% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 29.79 percentage points from 9.83% in 1960. The highest value was 55.31% in 2020 and the lowest 6.09% in 1978.
- How does Peru rank?
- 24th highest of 38 economies with data for 2024.
- Is the latest change in domestic credit to private sector by banks (% of GDP) unusual for Peru?
- In 2024, Peru's domestic credit to private sector by banks (% of GDP) fell 3.33 percentage points on 2023 (from 42.95% to 39.62%). Across the 30 yearly changes before that (1994 to 2023), the average change was +1.06 percentage points and a typical year strayed about 3.4 percentage points from that (the standard deviation). This year's change was 1.3 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 FD.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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