Croatia: Bank credit to the private sector

* indicates monthly or quarterly data series
 Croatia

Bank credit to the private sector as percent of GDP

 Latest value 397.82
 Year 2021
 Measure percent
 Data availability 1995 - 2021
 Average 387.16
 Min - Max 182.52 - 524.52
 Source The World Bank
For that indicator, we provide data for Croatia from 1995 to 2021. The average value for Croatia during that period was 387.16 percent with a minimum of 182.52 percent in 1996 and a maximum of 524.52 percent in 2012. The latest value from 2021 is 397.82 percent. For comparison, the world average in 2021 based on 162 countries is 55.59 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Croatia - Bank credit to the private sector - Recent values chart

Historical chart
Croatia - Bank credit to the private sector - historical chart - 1995-2021




Bank credit in Croatia and other countries is defined as the credit extended by the banking institutions to the private sector only: both firms and households. It does not include lending to the government.

Credit is essential for the economy to function well. It funds new investments and allows people to purchase houses, cars, and other items. Of course, excessive lending and borrowing usually end up in financial crises but, in principle, credit availability is good for economic development.

If the banking credit to the private sector is about 70 percent of GDP and more, then the country has a relatively well developed financial system. The amount of credit can even exceed 200 percent of GDP in some very advanced economies. In some poor countries, the credit could be less than 15 percent of GDP. In these countries, firms and households essentially do not have access to credit for investment and various purchases.
Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

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 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 140.70 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 1,474.47 2021 bank accounts
 Bank branches per 100,000 people 26.84 2021 bank branches
 Firms using credit to finance investment 13.50 2019 percent
 Small firms with bank credit 31.40 2019 percent
 Percent people with credit cards 35.75 2021 percent
 Percent people with debit cards 67.53 2021 percent
 Domestic credit to the private sector 59.77 2020 percent
 Bank credit to the private sector 397.82 2021 percent
 Liquid liabilities, percent of GDP 85.99 2021 percent
 Bank assets to GDP 77.79 2021 percent
 Financial system deposits, percent of GDP 77.25 2021 percent
 Bank credit to government 26.32 2020 percent
 Banking system concentration 66.84 2021 percent
 Foreign bank assets 90.00 2013 percent of total bank assets
 Percent people with bank accounts 91.80 2021 percent
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