Ireland Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Ireland's credit to gdp was 21.14% in 2025, ranked 121st globally. This represents a 11.1% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Ireland's credit to gdp stood at 21.14% in 2025, a decline of +2.64% from 2024. Based on recent trends, this figure is projected to reach 21.14% by 2025. Ireland ranked 121st globally.
Ireland’s credit to GDP ratio has fallen dramatically over the 25‑year span, slipping from 71.78 in 2001 to an all‑time trough of 21.14 in 2025, the lowest level recorded since the series began and ranking 121st globally. The sharpest decline occurred after the 2009 peak of 169.25, when the global financial crisis prompted a rapid contraction of external borrowing and a shift toward domestic financing. By contrast, peer economies with similar rankings such as Rwanda (21.28) and Benin (20.13) are experiencing comparable low‑credit environments, reflecting broader post‑crisis de‑leveraging trends across diverse regions. The sustained reduction suggests that Irish firms and the government have relied less on external debt, possibly due to tighter credit conditions, higher savings rates, or policy emphasis on fiscal prudence. If growth accelerates and financing conditions improve, the ratio could stabilize at modest levels, but a resurgence in borrowing would be needed to reverse the current downward trajectory.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 17.47% | - | - |
| 2026* trend | 19.31% | - | - |
| 2025* trend | 21.14% | - | - |
| 2025 | 21.14% | −2.64% | #121 |
| 2024 | 23.78% | −1.44% | #26 |
| 2023 | 25.22% | −0.22% | #42 |
| 2022 | 25.44% | −1.04% | #48 |
| 2021 | 26.48% | −5.86% | #50 |
| 2020 | 32.34% | −3.72% | #63 |
| 2019 | 36.06% | −3.66% | #76 |
| 2018 | 39.72% | −2.90% | #79 |
| 2017 | 42.62% | −4.76% | #86 |
| 2016 | 47.39% | −3.88% | #95 |
| 2015 | 51.27% | −27.10% | #99 |
| 2014 | 78.37% | −24.04% | #139 |
| 2013 | 102.40% | −8.23% | #152 |
| 2012 | 110.64% | −4.11% | #153 |
| 2011 | 114.74% | −18.69% | #153 |
Detected Pattern
Analysis
Ireland 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
Ireland's credit to gdp was 21.14% in 2025. Ranked 121st globally. This represents a 11.1% decrease from the previous year.
Ireland's credit to gdp peaked at 169.25% in 2009.
The lowest credit to gdp in Ireland was 21.14% in 2025.
Ireland ranks 121st globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Ireland's credit to gdp is projected to reach 21.14% by 2025 based on trend extrapolation.
The credit to gdp of Ireland in 2025 was 21.14%. This ranks 121st in the world.
Cite this page
@misc{historysaid_ireland_credit-to-gdp,
title = {Ireland Credit to GDP},
url = {https://historysaid.com/ireland/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}