Estonia Private Credit (% GDP)

Estonia's private credit (% GDP) rose to 61.05% in 2024, up from 57.91% in 2023, according to World Bank. This represents an increase of 3.14% from the previous year. Estonia has private credit (% GDP) higher than the global median (61.05% vs median 39.47%). Compared with the median in Europe, Estonia is higher (61.05% vs regional median 54.79%) and ranks 17th out of 41 countries in Europe.

Yearly Historical Data (2004-2024)

(in %)

Year	Private Credit (% GDP)
2024	61.05%
2023	57.91%
2022	57%
2021	59.29%
2020	62.47%
2019	58.24%
2018	60.76%
2017	62.86%
2016	68.41%
2015	67.72%
2014	66.22%
2013	68.57%
2012	72.24%
2011	77.73%
2010	92.8%
2009	101.38%
2008	89.67%
2007	83.75%
2006	76.22%
2005	56.57%
2004	40.3%

Estonia 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 Estonia.