Spain Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Spain's credit to gdp was 63.30% in 2025, ranked 40th globally. This represents a 14.7% decrease from 2024. Data from World Bank, covering 2001–2025.
Overview
Spain's credit to gdp stood at 63.30% in 2025, a decline of +10.92% from 2024. Based on recent trends, this figure is projected to reach 63.30% by 2025. Spain ranked 40th globally.
Spain's credit to GDP ratio has exhibited significant fluctuations over the past quarter century. The indicator peaked in 2009 at 173.38, a level that was largely driven by the country's rapid economic expansion during the mid-2000s. Conversely, the recent downturn has led to a sharp decline, with the credit to GDP ratio standing at 63.30 in 2025, placing Spain at #40 globally. This represents a stark contrast to many of its peers, such as Belgium, which boasts a ratio of 65.71. The drastic drop in credit to GDP ratio mirrors the country's economic struggles, including a deep recession and a stringent austerity program implemented in response to the eurozone crisis. The current low level of credit to GDP ratio may indicate a more cautious approach to lending and borrowing in Spain, but a sustained economic recovery could lead to an increase in this ratio, potentially altering the country's credit dynamics and financial landscape.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 45.94% | - | - |
| 2026* trend | 54.62% | - | - |
| 2025* trend | 63.30% | - | - |
| 2025 | 63.30% | −10.92% | #40 |
| 2024 | 74.22% | −4.13% | #95 |
| 2023 | 78.35% | −9.76% | #119 |
| 2022 | 88.11% | −10.31% | #129 |
| 2021 | 98.43% | −9.15% | #139 |
| 2020 | 107.57% | +13.16% | #146 |
| 2019 | 94.41% | −4.42% | #148 |
| 2018 | 98.83% | −6.33% | #150 |
| 2017 | 105.16% | −5.74% | #154 |
| 2016 | 110.90% | −7.32% | #156 |
| 2015 | 118.22% | −11.14% | #158 |
| 2014 | 129.36% | −16.40% | #163 |
| 2013 | 145.76% | −11.67% | #168 |
| 2012 | 157.43% | −9.59% | #167 |
| 2011 | 167.03% | −4.30% | #167 |
Detected Pattern
Analysis
Spain matched the Export Boom Cycle pattern in 2023. 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
Spain's credit to gdp was 63.30% in 2025. Ranked 40th globally. This represents a 14.7% decrease from the previous year.
Spain's credit to gdp peaked at 173.38% in 2009.
The lowest credit to gdp in Spain was 63.30% in 2025.
Spain ranks 40th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Spain's credit to gdp is projected to reach 63.30% by 2025 based on trend extrapolation.
The credit to gdp of Spain in 2025 was 63.30%. This ranks 40th in the world.
Cite this page
@misc{historysaid_spain_credit-to-gdp,
title = {Spain Credit to GDP},
url = {https://historysaid.com/spain/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}