Spain: Net domestic credit (current LCU)

Key figures

What the numbers say

In 2024, Spain's net domestic credit (current LCU) rose 0.2% on 2023 (from 2.13 trillion to 2.14 trillion).

Across the 22 yearly changes before that (2002 to 2023), the average change was +4.9% and a typical year strayed about 9.9% from that (the standard deviation). This year's change was 0.5 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 24.6% in 2006 and the biggest yearly fall was 10.2% in 2013. 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 25% 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, Spain had the 15th highest value of the 40 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 Spain in the 2024 ranking

• Denmark — 11th of 40: 5.2 trillion
• France — 12th of 40: 5.04 trillion
• United Kingdom — 13th of 40: 3.89 trillion
• Poland — 15th of 40: 2.03 trillion
• Belgium — 16th of 40: 762.57 billion
• Austria — 17th of 40: 587.58 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 24 values

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 Spain

• Consumer price index (2010 = 100) — 135.02 (2025)
• Inflation, consumer prices (annual % growth) — 2.67% (2025)
• GDP deflator (base year varies by country) — 120.8 (2025)
• DEC alternative conversion factor (LCU per US$) — US$0.88 (2025)
• Official exchange rate (LCU per US$, period average) — US$0.88 (2025)
• Inflation, GDP deflator (annual % growth) — 2.91% (2025)
• Market capitalization of listed domestic companies (current US$) — US$1.3 trillion (2025)
• Market capitalization of listed domestic companies (% of GDP) — 68.07% (2025)
• Stocks traded, total value (current US$) — US$469.33 billion (2025)

Reading data like this

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Questions people ask

What is Spain's net domestic credit (current LCU)?

2.14 trillion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2001?

It is up 162.47% from 814.39 billion in 2001 (4.28% a year on average, compounded). The highest value was 2.66 trillion in 2011 and the lowest 814.39 billion in 2001.

How does Spain rank?

15th highest of 40 economies with data for 2024.

Is the latest change in net domestic credit (current LCU) unusual for Spain?

In 2024, Spain's net domestic credit (current LCU) rose 0.2% on 2023 (from 2.13 trillion to 2.14 trillion). Across the 22 yearly changes before that (2002 to 2023), the average change was +4.9% and a typical year strayed about 9.9% from that (the standard deviation). This year's change was 0.5 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.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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