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Belgium Private Credit (% GDP)

Belgium's private credit (% GDP) fell to 68.8% in 2024, down from 70% in 2023, according to World Bank. This represents a decrease of 1.2% from the previous year. Belgium has private credit (% GDP) higher than the global median (68.80% vs median 39.47%). Compared with the median in Europe, Belgium is higher (68.80% vs regional median 54.79%) and ranks 14th out of 41 countries in Europe.

Yearly Historical Data (2001-2024)

(in %)
Year Private Credit (% GDP)
2024 68.8%
2023 70%
2022 72.29%
2021 74.75%
2020 76.13%
2019 69.36%
2018 68.17%
2017 65.34%
2016 63.62%
2015 60.8%
2014 57.61%
2013 56.16%
2012 54.49%
2011 55.01%
2010 56.79%
2009 58.47%
2008 62.76%
2007 68.44%
2006 65.83%
2005 63.6%
2004 61.84%
2003 62.53%
2002 64.13%
2001 66.3%
Belgium Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Belgium.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.4% 0.2% Dec'24
Debt to GDP Ratio 104% 102% Dec'24