Belgium Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Belgium's credit to gdp was 65.71% in 2025, ranked 39th globally. This represents a 3.5% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Belgium's credit to gdp stood at 65.71% in 2025, a decline of +2.39% from 2024. Based on recent trends, this figure is projected to reach 65.71% by 2025. Belgium ranked 39th globally.
Belgium’s credit to GDP ratio stood at 65.71 in 2025, ranking the country 39th globally, according to World Bank data spanning 25 years. This figure reflects a modest decline from the all-time peak of 76.13 recorded in 2020, which likely stemmed from emergency lending and monetary support during the pandemic. The lowest point in the series occurred in 2012, when the ratio dipped to 54.49 amid tighter credit conditions in the aftermath of the global financial crisis. Over the period, Belgium’s financial deepening has shown notable volatility, with credit expansion slowing in recent years. At 65.71, the 2025 value is slightly below that of peer-ranked West Bank and Gaza (66.27) and above Spain’s 63.30, placing it in the mid-range among comparable economies. The ratio has yet to regain its pre-pandemic momentum, suggesting cautious lending practices or subdued private sector demand. Going forward, a sustained rise in credit to GDP would likely depend on stronger economic growth, accommodative monetary policy, or increased business and household borrowing confidence.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 61.41% | - | - |
| 2026* trend | 63.56% | - | - |
| 2025* trend | 65.71% | - | - |
| 2025 | 65.71% | −2.39% | #39 |
| 2024 | 68.10% | −1.18% | #91 |
| 2023 | 69.28% | −3.32% | #111 |
| 2022 | 72.60% | −2.15% | #124 |
| 2021 | 74.75% | −1.37% | #126 |
| 2020 | 76.13% | +6.77% | #123 |
| 2019 | 69.36% | +1.19% | #129 |
| 2018 | 68.17% | +2.83% | #128 |
| 2017 | 65.34% | +1.72% | #127 |
| 2016 | 63.62% | +2.81% | #125 |
| 2015 | 60.80% | +3.19% | #124 |
| 2014 | 57.61% | +1.45% | #115 |
| 2013 | 56.16% | +1.67% | #113 |
| 2012 | 54.49% | −0.52% | #111 |
| 2011 | 55.01% | −1.77% | #111 |
Detected Pattern
Analysis
Belgium matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Belgium's credit to gdp was 65.71% in 2025. Ranked 39th globally. This represents a 3.5% decrease from the previous year.
Belgium's credit to gdp peaked at 76.13% in 2020.
The lowest credit to gdp in Belgium was 54.49% in 2012.
Belgium ranks 39th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Belgium's credit to gdp is projected to reach 65.71% by 2025 based on trend extrapolation.
The credit to gdp of Belgium in 2025 was 65.71%. This ranks 39th in the world.
Cite this page
@misc{historysaid_belgium_credit-to-gdp,
title = {Belgium Credit to GDP},
url = {https://historysaid.com/belgium/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}