United Kingdom's monetary sector credit to private sector (% of GDP) was 112.37% in 2024, the latest year in the World Bank's World Development Indicators. That is down 22.23 percentage points from 134.61% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 112.37% | 2024 |
| Five years earlier | 131.44% | 2019 |
| Ten years earlier | 134.61% | 2014 |
| Highest | 191.13% | 2009 |
| Lowest | 17.34% | 1960 |
| Average since 2015 | 129.63% | 2015–2024 |
| First recorded | 17.34% | 1960 |
What the numbers say
In 2024, United Kingdom's monetary sector credit to private sector (% of GDP) fell 5.61 percentage points on 2023 (from 117.98% to 112.37%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.6 percentage points and a typical year strayed about 8.76 percentage points from that (the standard deviation). This year's change was 0.7 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 33.7 percentage points in 1986 and the biggest yearly fall was 14.3 percentage points in 2014. 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 27% 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, United Kingdom had the 5th highest value of the 46 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 | |
|---|---|---|
| United Kingdom | 112.37% | 2024 |
| World | 90.64% | 2024 |
| Europe & Central Asia | 81.18% | 2024 |
| High income | 72.89% | 2024 |
Closest to United Kingdom in the 2024 ranking
- Korea, Rep. — 2nd of 46: 160.35%
- Denmark — 3rd of 46: 144.06%
- Sweden — 4th of 46: 125.29%
- France — 6th of 46: 107.58%
- Finland — 7th of 46: 92.02%
- Luxembourg — 8th of 46: 85.14%
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 65 values
| Year | Monetary sector credit to private sector (% of GDP) |
|---|---|
| 2024 | 112.37 |
| 2023 | 117.98 |
| 2022 | 126.13 |
| 2021 | 136.16 |
| 2020 | 145.57 |
| 2019 | 131.44 |
| 2018 | 132.78 |
| 2017 | 132.33 |
| 2016 | 131.48 |
| 2015 | 130.08 |
| 2014 |
Monetary sector credit to private sector (% of GDP) in nearby economies
- Albania — 34.1% (2025)
- Armenia — 70.35% (2025)
- Austria — 81.77% (2024)
- Azerbaijan — 22.86% (2025)
- Belarus — 24.11% (2021)
- Belgium — 68.14% (2024)
- Bosnia and Herzegovina — 46.14% (2025)
- Bulgaria — 47.07% (2024)
- Croatia — 46.86% (2024)
- Cyprus
More financial sector data for United Kingdom
- Consumer price index (2010 = 100) — 153.14 (2025)
- Inflation, consumer prices (annual % growth) — 3.88% (2025)
- GDP deflator (base year varies by country) — 121.99 (2025)
- DEC alternative conversion factor (LCU per US$) — US$0.76 (2025)
- Official exchange rate (LCU per US$, period average) — US$0.76 (2025)
- Domestic credit to private sector by banks (% of GDP) — 112.28% (2024)
- Net domestic credit (current LCU) — 3.89 trillion (2024)
- Net foreign assets (current LCU) — 440.95 billion (2024)
- Broad money (current LCU) — 4.1 trillion (2024)
Reading data like this
Questions people ask
- What is United Kingdom's monetary sector credit to private sector (% of GDP)?
- 112.37% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 95.03 percentage points from 17.34% in 1960. The highest value was 191.13% in 2009 and the lowest 17.34% in 1960.
- How does United Kingdom rank?
- 5th highest of 46 economies with data for 2024.
- Is the latest change in monetary sector credit to private sector (% of GDP) unusual for United Kingdom?
- In 2024, United Kingdom's monetary sector credit to private sector (% of GDP) fell 5.61 percentage points on 2023 (from 117.98% to 112.37%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.6 percentage points and a typical year strayed about 8.76 percentage points from that (the standard deviation). This year's change was 0.7 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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