Slovak Republic's domestic credit to private sector by banks (% of GDP) was 59.64% in 2024, the latest year in the World Bank's World Development Indicators. That is up 10.15 percentage points from 49.48% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 59.64% | 2024 |
| Five years earlier | 62.46% | 2019 |
| Ten years earlier | 49.48% | 2014 |
| Highest | 66.73% | 2022 |
| Lowest | 33.74% | 2006 |
| Average since 2015 | 61.13% | 2015–2024 |
| First recorded | 33.74% | 2006 |
What the numbers say
In 2024, Slovak Republic's domestic credit to private sector by banks (% of GDP) fell 1.81 percentage points on 2023 (from 61.45% to 59.64%).
Across the 17 yearly changes before that (2007 to 2023), the average change was +1.63 percentage points and a typical year strayed about 2.33 percentage points from that (the standard deviation). This year's change was 1.5 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 4.34 percentage points in 2016 and the biggest yearly fall was 5.28 percentage points 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 2015 to 2024 the straight-line trend is upward, about 0.9 percentage points a year. A straight line explains 39% 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 2024, Slovak Republic had the 15th 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 | |
|---|---|---|
| Slovak Republic | 59.64% | 2024 |
| World | 91.32% | 2024 |
| Europe & Central Asia | 82.58% | 2023 |
| High income | 73.06% | 2024 |
Closest to Slovak Republic 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 19 values
| Year | Domestic credit to private sector by banks (% of GDP) |
|---|---|
| 2024 | 59.64 |
| 2023 | 61.45 |
| 2022 | 66.73 |
| 2021 | 65.11 |
| 2020 | 65.64 |
| 2019 | 62.46 |
| 2018 | 61.44 |
| 2017 | 59.86 |
| 2016 | 56.66 |
| 2015 | 52.32 |
| 2014 |
Domestic credit to private sector by banks (% of GDP) in nearby economies
- Albania — 34.03% (2025)
- Armenia — 68.68% (2025)
- Austria — 81.5% (2024)
- Azerbaijan — 22.84% (2025)
- Belarus — 24.11% (2021)
- Belgium — 66.79% (2024)
- Bosnia and Herzegovina — 46.14% (2025)
- Bulgaria — 47.03% (2024)
- Croatia — 46.84% (2024)
- Cyprus
More financial sector data for Slovak Republic
- DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
- GDP deflator (base year varies by country) — 130.07 (2025)
- GDP deflator, linked series (base year varies by country) — 130.07 (2025)
- Real effective exchange rate index (2010 = 100) — 116.68 (2025)
- Consumer price index (2010 = 100) — 161.56 (2025)
- Inflation, GDP deflator (annual % growth) — 4.19% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.19% (2025)
- Inflation, consumer prices (annual % growth) — 4% (2025)
- Official exchange rate (LCU per US$, period average)
Reading data like this
Questions people ask
- What is Slovak Republic's domestic credit to private sector by banks (% of GDP)?
- 59.64% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 25.9 percentage points from 33.74% in 2006. The highest value was 66.73% in 2022 and the lowest 33.74% in 2006.
- How does Slovak Republic rank?
- 15th highest of 38 economies with data for 2024.
- Is the latest change in domestic credit to private sector by banks (% of GDP) unusual for Slovak Republic?
- In 2024, Slovak Republic's domestic credit to private sector by banks (% of GDP) fell 1.81 percentage points on 2023 (from 61.45% to 59.64%). Across the 17 yearly changes before that (2007 to 2023), the average change was +1.63 percentage points and a typical year strayed about 2.33 percentage points from that (the standard deviation). This year's change was 1.5 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in