Sweden Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Sweden's credit to gdp was 123.14% in 2025, ranked 12th globally. This represents a 1.9% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Sweden's credit to gdp stood at 123.14% in 2025, a decline of +2.38% from 2024. Based on recent trends, this figure is projected to reach 123.14% by 2025. Sweden ranked 12th globally.
Sweden’s credit‑to‑GDP ratio has risen from 35.59 in 1960 to 123.14 in 2025, placing the country at 12th highest globally and just shy of Australia’s 123.15. The expansion accelerated after the mid‑1990s trough of 31.32, a period marked by financial liberalisation and the removal of capital controls, and continued through the 2000s as banks broadened balance sheets. The ratio peaked at 138.46 in 2020, reflecting the surge in borrowing during the COVID‑19 pandemic when firms and households accessed record credit to offset income losses. Despite the post‑pandemic contraction, the 2025 figure remains well above the 1995 low, indicating a structural shift toward higher leverage in the Swedish economy. Looking ahead, any tightening of monetary policy or stricter macro‑prudential regulations could moderate the upward trajectory, while continued demand for financing may sustain a relatively high credit‑to‑GDP level.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 116.43% | - | - |
| 2026* trend | 119.78% | - | - |
| 2025* trend | 123.14% | - | - |
| 2025 | 123.14% | −2.38% | #12 |
| 2024 | 125.52% | −3.61% | #114 |
| 2023 | 129.14% | −6.94% | #139 |
| 2022 | 136.08% | −0.72% | #149 |
| 2021 | 136.80% | −1.66% | #152 |
| 2020 | 138.46% | +6.64% | #155 |
| 2019 | 131.82% | −1.44% | #163 |
| 2018 | 133.27% | +0.55% | #161 |
| 2017 | 132.72% | +3.54% | #164 |
| 2016 | 129.17% | +1.65% | #165 |
| 2015 | 127.52% | −2.80% | #164 |
| 2014 | 130.32% | −0.71% | #165 |
| 2013 | 131.02% | +2.28% | #164 |
| 2012 | 128.74% | +3.97% | #164 |
| 2011 | 124.77% | +1.49% | #159 |
Detected Pattern
Analysis
Sweden matched the Export Boom Cycle pattern in 2007. 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
Sweden's credit to gdp was 123.14% in 2025. Ranked 12th globally. This represents a 1.9% decrease from the previous year.
Sweden's credit to gdp peaked at 138.46% in 2020.
The lowest credit to gdp in Sweden was 31.32% in 1995.
Sweden ranks 12th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Sweden's credit to gdp is projected to reach 123.14% by 2025 based on trend extrapolation.
The credit to gdp of Sweden in 2025 was 123.14%. This ranks 12th in the world.
Cite this page
@misc{historysaid_sweden_credit-to-gdp,
title = {Sweden Credit to GDP},
url = {https://historysaid.com/sweden/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}