Belarus Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Belarus's credit to gdp was 29.17% in 2021, ranked 58th globally. This represents a 10.3% decrease from 2020. Data from World Bank, covering 2007–2021.
Overview
Belarus's credit to gdp stood at 29.17% in 2021, a decline of +3.34% from 2020. Belarus ranked 58th globally.
Belarus' credit-to-GDP ratio has exhibited significant fluctuations over the past 15 years, with a notable peak of 42.81 in 2010 and a trough of 21.78 in 2012. The ratio has been gradually increasing since 2012, reaching 29.17 in 2021, placing Belarus at the 58th position globally. This recovery is in line with that of Moldova, which has also seen a steady increase in its credit-to-GDP ratio over the same period, albeit from a lower base. In contrast, some countries, such as Burundi, have reported a relatively stable ratio, hovering around 28.38. The persistent expansion of the credit-to-GDP ratio in Belarus may raise concerns about the sustainability of the country's financial sector, particularly in an environment of increasing external vulnerabilities. A potential shift in the trajectory of this trend could be triggered by Belarus' efforts to stabilize its economy and boost its financial resilience, which may necessitate adjustments in its monetary and fiscal policies.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2021 | 29.17% | −3.34% | #58 |
| 2020 | 32.51% | +3.74% | #64 |
| 2019 | 28.77% | +1.15% | #62 |
| 2018 | 27.61% | +1.38% | #60 |
| 2017 | 26.24% | +0.52% | #53 |
| 2016 | 25.72% | −2.17% | #50 |
| 2015 | 27.88% | +4.25% | #54 |
| 2014 | 23.63% | +0.71% | #49 |
| 2013 | 22.93% | +1.15% | #50 |
| 2012 | 21.78% | −16.18% | #50 |
| 2011 | 37.96% | −4.85% | #86 |
| 2010 | 42.81% | +6.88% | #90 |
| 2009 | 35.94% | +7.30% | #78 |
| 2008 | 28.63% | +3.83% | #68 |
| 2007 | 24.80% | – | #64 |
Detected Pattern
Analysis
Belarus matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Belarus's credit to gdp was 29.17% in 2021. Ranked 58th globally. This represents a 10.3% decrease from the previous year.
Belarus's credit to gdp peaked at 42.81% in 2010.
The lowest credit to gdp in Belarus was 21.78% in 2012.
Belarus ranks 58th globally in credit to gdp as of 2021.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Belarus in 2021 was 29.17%. This ranks 58th in the world.
Cite this page
@misc{historysaid_belarus_credit-to-gdp,
title = {Belarus Credit to GDP},
url = {https://historysaid.com/belarus/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}