Euro Area Private Credit to GDP

77.1% −2.46 pt

Dec 2024 · Annual

Private credit in the Euro Area fell to 77.13% of GDP in 2024 from 79.59% in 2023. This was the lowest reading in the series, which began in 2001, and stood far below the all-time high of 105.46% recorded in 2009.

Euro Area Private Credit to GDP, 2001–2024
ActualPreviousHighestLowestDatesFrequency
77.1%79.6%105.5%Dec 200977.1%Dec 20242001 – 2024Annual

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Interest Rate2.3%2.3%4.8%0.0%Aug 2026Monthly
GDP$18.01T$16.60T$18.01T$253.5BDec 2025Annual

About this series

Private Credit to GDP in Euro Area averaged 91.9% from 2001 until 2024, reaching an all-time high of 105.5% in Dec 2009 and a record low of 77.1% in Dec 2024. The series is reported yearly with history from 2001.

The indicator measures credit extended by financial institutions to the private sector as a share of Gross Domestic Product for the Euro Area. It is expressed as a percentage of GDP and reported annually. The available series spans from 2001 to 2024.

Source & methodology

We use primary economic sources for every country. See our methodology page for how we source and verify this data.

FAQ

Euro Area Private Credit to GDP FAQ