Pakistan Domestic Credit Growth

2009 - 2023 | Monthly | % | CEIC Data

Key information about Pakistan Domestic Credit Growth

  • Pakistan Domestic Credit increased 19.5 % YoY in Dec 2023, compared with an increase of 21.3 % YoY in the previous month
  • Pakistan Domestic Credit Growth YoY data is updated monthly
  • It averaged 14.1 %, available from Jun 2009 to Dec 2023
  • The data reached an all-time high of 27.6 % in Feb 2023 and a record low of 6.6 % in May 2021

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The State Bank of Pakistan provides Domestic Credit in local currency. Net Claims on General Government is used

View Pakistan's Domestic Credit Growth from Jun 2009 to Dec 2023 in the chart:

Pakistan Domestic Credit Growth

What was Pakistan's Domestic Credit Growth in Dec 2023?

Pakistan Domestic Credit increased 19.5 % YoY in Dec 2023, compared with an increase of 21.3 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
19.5 Dec 2023 21.3 Nov 2023 6.6 May 2021 27.6 Feb 2023 % monthly Jun 2009 - Dec 2023

Domestic Credit Growth by Country Comparison

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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 1.2 Nov 2023 monthly Dec 2003 - Nov 2023
Algeria (%) 1.3 Nov 2023 monthly Dec 2002 - Nov 2023
Argentina (%) 164.4 Aug 2023 monthly Jan 1991 - Aug 2023
Armenia (%) 17.7 Dec 2023 monthly Dec 1994 - Dec 2023
Australia (%) 1.0 Dec 2023 monthly Dec 2002 - Dec 2023
Austria (%) -1.0 Dec 2023 monthly Jan 2000 - Dec 2023
Azerbaijan (%) 14.5 Dec 2023 monthly Dec 2002 - Dec 2023
Bahrain (%) 4.7 Dec 2023 monthly Sep 1992 - Dec 2023
Bangladesh (%) 11.9 Dec 2023 monthly Jul 1988 - Dec 2023
Belarus (%) 16.3 Jan 2024 monthly Dec 2007 - Jan 2024
Belgium (%) 0.1 Dec 2023 monthly Jan 2000 - Dec 2023
Bolivia (%) 5.0 Aug 2023 monthly Dec 2002 - Aug 2023
Bosnia and Herzegovina (%) 10.5 Dec 2023 monthly Aug 1998 - Dec 2023
Botswana (%) 8.6 Sep 2023 quarterly Dec 2005 - Sep 2023
Brazil (%) 13.6 Jan 2024 monthly Dec 2002 - Jan 2024
Brunei (%) 34.6 Nov 2023 monthly Jan 2000 - Nov 2023
Bulgaria (%) 18.1 Jan 2024 monthly Dec 1994 - Jan 2024
Cambodia (%) 4.1 Dec 2023 monthly Dec 1995 - Dec 2023
Canada (%) 3.0 Dec 2023 monthly Jan 1970 - Dec 2023
Chile (%) 2.9 Nov 2023 monthly Dec 1979 - Nov 2023
China (%) 10.4 Jan 2024 monthly Jun 2000 - Jan 2024
Colombia (%) 5.6 Nov 2023 monthly Jan 1994 - Nov 2023
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -6.1 Jan 2024 monthly Nov 2006 - Jan 2024
Czech Republic (%) 10.1 Jan 2024 monthly Jan 2003 - Jan 2024
Denmark (%) -5.3 Dec 2023 monthly Dec 2002 - Dec 2023
Ecuador (%) 9.7 Jan 2024 monthly Jan 2007 - Jan 2024
Egypt (%) 32.6 Dec 2023 monthly Jan 1997 - Dec 2023
Estonia (%) 10.1 Dec 2023 monthly Jun 1993 - Dec 2023
European Union (%) -1.0 Dec 2023 monthly Sep 1998 - Dec 2023
Finland (%) -4.9 Dec 2023 monthly Jan 2000 - Dec 2023
France (%) 1.2 Dec 2023 monthly Jan 2000 - Dec 2023
Georgia (%) 16.2 Jan 2024 monthly Oct 1996 - Jan 2024
Germany (%) -2.1 Dec 2023 monthly Jan 2000 - Dec 2023
Ghana (%) -7.3 Nov 2023 monthly Jan 1968 - Nov 2023
Greece (%) 1.5 Dec 2023 monthly Jan 2002 - Dec 2023
Hong Kong SAR, China (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Hungary (%) -2.1 Jan 2024 monthly Jan 1999 - Jan 2024
Iceland (%) 4.0 Jan 2024 monthly Sep 1994 - Jan 2024
India (%) 12.4 Dec 2023 monthly Mar 2000 - Dec 2023
Indonesia (%) 8.8 Jan 2024 monthly Jan 2005 - Jan 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Israel (%) 3.9 Nov 2023 monthly Dec 2000 - Nov 2023
Italy (%) -4.1 Dec 2023 monthly Jan 2000 - Dec 2023
Ivory Coast (%) 12.5 Dec 2023 monthly Jan 1965 - Dec 2023
Japan (%) 4.1 Dec 2023 monthly Apr 2004 - Dec 2023
Jordan (%) 4.8 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (%) 21.6 Jan 2024 monthly Dec 2002 - Jan 2024
Kenya (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
South Korea (%) 5.1 Dec 2023 monthly Dec 2002 - Dec 2023
Kosovo (%) 13.3 Jan 2024 monthly Nov 2008 - Jan 2024
Kuwait (%) 1.2 Nov 2023 monthly Jan 1995 - Nov 2023
Kyrgyzstan (%) 26.2 Jan 2024 monthly Dec 2003 - Jan 2024
Laos (%) 24.1 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (%) 0.8 Dec 2023 monthly Jul 2004 - Dec 2023
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) -3.5 Dec 2023 monthly Dec 1994 - Dec 2023
Luxembourg (%) -6.5 Dec 2023 monthly Jan 2000 - Dec 2023
Macau SAR, China (%) 0.1 Jan 2024 monthly Jun 1985 - Jan 2024
North Macedonia (%) 5.3 Jan 2024 monthly Jan 2004 - Jan 2024
Malawi (%) 32.4 Jan 2024 monthly Jan 1976 - Jan 2024
Malaysia (%) 6.3 Jan 2024 monthly Jan 1988 - Jan 2024
Malta (%) 5.6 Jan 2024 monthly Jan 2009 - Jan 2024
Mauritius (%) 10.3 Nov 2023 monthly Jun 2006 - Nov 2023
Mexico (%) 12.1 Nov 2023 monthly Dec 2002 - Nov 2023
Moldova (%) 7.3 Jan 2024 monthly Jan 2001 - Jan 2024
Mongolia (%) 16.9 Jan 2024 monthly Dec 1993 - Jan 2024
Montenegro (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Morocco (%) 2.7 Jan 2024 monthly Dec 2002 - Jan 2024
Mozambique (%) 7.3 Dec 2023 monthly Dec 2002 - Dec 2023
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.5 Dec 2023 monthly Jan 2002 - Dec 2023
Netherlands (%) -5.4 Dec 2023 monthly Dec 2002 - Dec 2023
New Zealand (%) 1.4 Jan 2024 monthly Mar 1989 - Jan 2024
Nigeria (%) 65.9 Jan 2024 monthly Nov 1993 - Jan 2024
Norway (%) 3.6 Jan 2024 monthly Dec 1986 - Jan 2024
Oman (%) 5.2 Dec 2023 monthly Dec 2000 - Dec 2023
Pakistan (%) 19.5 Dec 2023 monthly Jun 2009 - Dec 2023
Palestinian Territory (%) 5.8 Jan 2024 monthly Dec 1999 - Jan 2024
Panama (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Paraguay (%) 13.6 Dec 2023 monthly Dec 2002 - Dec 2023
Peru (%) 8.4 Nov 2023 monthly Jan 1993 - Nov 2023
Philippines (%) 9.6 Nov 2023 monthly Dec 2002 - Nov 2023
Poland (%) 1.9 Jan 2024 monthly Dec 1997 - Jan 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 4.7 Jan 2024 monthly Jan 2008 - Jan 2024
Romania (%) 8.3 Dec 2023 monthly Dec 2005 - Dec 2023
Russia (%) 25.4 Jan 2024 monthly Dec 2001 - Jan 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -1.7 Jan 2024 monthly Dec 2004 - Jan 2024
Singapore (%) -1.4 Jan 2024 monthly Mar 2005 - Jan 2024
Slovakia (%) 3.2 Dec 2023 monthly Jan 2007 - Dec 2023
Slovenia (%) -1.1 Dec 2023 monthly Jan 2005 - Dec 2023
South Africa (%) 6.5 Jan 2024 monthly Mar 1966 - Jan 2024
Spain (%) -3.5 Dec 2023 monthly Jan 2000 - Dec 2023
Sri Lanka (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -3.7 Dec 2023 monthly Dec 2002 - Dec 2023
Switzerland (%) 1.6 Jan 2024 monthly Dec 1988 - Jan 2024

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Pakistan Key Series

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Includes 214 key indicators for Pakistan, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2022 yearly 2000 - 2022
Consolidated Fiscal Balance (USD mn) -29,641.346 2022 yearly 1991 - 2022
Tax Revenue (USD mn) 17,078.862 Dec 2023 quarterly Sep 2000 - Dec 2023
Tax Revenue: % of GDP (%) 5.8 2023 yearly 2000 - 2023
Government Debt: % of GDP (%) 71.6 2022 yearly 2000 - 2022
Forecast: Government Expenditure (PKR bn) 29,450.360 2028 yearly 1993 - 2028
Forecast: Government Net Debt (PKR bn) 113,284.270 2028 yearly 1994 - 2028
Forecast: Government Revenue (PKR bn) 21,759.820 2028 yearly 1980 - 2028
Consolidated Govt (CG) Revenue: ytd (PKR mn) 6,853,996.000 Dec 2023 quarterly Sep 2000 - Dec 2023
CG Revenue: ytd: Tax (PKR mn) 4,834,306.000 Dec 2023 quarterly Sep 2000 - Dec 2023
Consolidated Govt Revenue: Tax: Federal: Direct Tax (PKR mn) 2,280,470.000 2022 yearly 2016 - 2022
Consolidated Govt (CG) Expenditure: ytd (PKR mn) 9,261,764.000 Dec 2023 quarterly Sep 2000 - Dec 2023
CG Expenditure: ytd: Current (PKR mn) 8,564,632.000 Dec 2023 quarterly Sep 2000 - Dec 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.363 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,743.1 Feb 2024 monthly Jan 1968 - Feb 2024
Total Exports (USD mn) 2,582.9 Feb 2024 monthly Jan 1996 - Feb 2024
Total Exports Growth (%) 23.6 Feb 2024 monthly Dec 1988 - Feb 2024
Aluminum: Exports (USD th) 43,709.814 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 229,266.745 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,879.761 2022 yearly 1995 - 2022
Total Imports (USD mn) 4,326.0 Feb 2024 monthly Jan 1996 - Feb 2024
Total Imports Growth (%) 12.3 Feb 2024 monthly Dec 1988 - Feb 2024
Imports: Medicament (USD th) 322,961.887 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 1,291,292.991 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 604.935 Dec 2021 monthly Jan 1969 - Dec 2021
Total Imports from USA (USD mn) 155.755 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 257.966 Dec 2023 monthly Jan 2006 - Dec 2023
Total Imports from China (USD mn) 1,041.271 Dec 2023 monthly Jan 2006 - Dec 2023
Exports: Petroleum & Coal (PKR mn) 12,057.000 Dec 2023 monthly Sep 1999 - Dec 2023
Trade Balance: USD (USD mn) -3,192.00 Jul 2018 monthly Jan 1996 - Jul 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 14.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Current Account Balance (USD mn) 198.0 Dec 2023 quarterly Mar 1976 - Dec 2023
Current Account Balance: % of GDP (%) -0.7 2023 yearly 1977 - 2023
Foreign Direct Investment (USD mn) -173.2 Jan 2024 monthly Jul 1997 - Jan 2024
Foreign Direct Investment: % of GDP (%) 0.5 2023 yearly 1977 - 2023
Foreign Portfolio Investment (USD mn) 63.000 Dec 2023 quarterly Sep 2002 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.0 2022 yearly 2003 - 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 63.0 Dec 2023 quarterly Sep 2002 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
External Debt (USD mn) 131,159.1 Dec 2023 quarterly Jun 2006 - Dec 2023
External Debt: % of GDP (%) 37.2 2023 yearly 2000 - 2023
External Debt: Short Term (USD mn) 2,766.6 Dec 2023 quarterly Jun 2006 - Dec 2023
External Debt: Short Term: % of GDP (%) 0.8 2023 yearly 2006 - 2023
Forecast: Current Account Balance (USD bn) -2.387 2023 yearly 1980 - 2023
Net International Investment Position (USD mn) -130,806.720 Jun 2023 quarterly Mar 2009 - Jun 2023
BoP: Errors and Omissions (USD mn) -169.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Cr: CA: GS: Goods (USD mn) 8,287.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Credit: Current Account (CA) (USD mn) 18,149.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Dr: CA: GS: Goods (USD mn) 12,912.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Portfolio Investment: Liabilities (USD mn) 62.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Portfolio Investment: Assets (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Debit: Current Account (CA) (USD mn) 17,951.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Capital Account (CP) (USD mn) 48.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: CA: Primary Income (PI) (USD mn) -2,145.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: CA: Secondary Income (USD mn) 7,599.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Cr: Capital Account (CP) (USD mn) 48.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Other Investment (OI): Liabilities (USD mn) 279.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: CA: GS: Goods (USD mn) -4,625.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Other Investment (OI) (USD mn) -178.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Direct Investment: Assets (USD mn) 14.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Financial Account (FA) (USD mn) -690.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: CA: GS: Services (USD mn) -631.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Cr: CA: Primary Income (PI) (USD mn) 206.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Cr: CA: GS: Services (USD mn) 1,952.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Reserve Assets (RA) (USD mn) 527.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Financial Derivatives & Employee Stock Options (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Other Investment (OI): Assets (USD mn) 101.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Dr: CA: Primary Income (PI) (USD mn) 2,351.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Dr: Capital Account (CP) (USD mn) 0.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Financial Account (FA): Assets (USD mn) 2,942.000 Sep 2023 quarterly Sep 2002 - Sep 2023
BoP: FA: Direct Investment (USD mn) -450.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Dr: CA: Secondary Income (USD mn) 105.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Dr: CA: GS: Services (USD mn) 2,583.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Cr: CA: Secondary Income (USD mn) 7,704.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: FA: Portfolio Investment (USD mn) -62.000 Dec 2023 quarterly Sep 2002 - Dec 2023
BoP: Financial Account (FA): Liabilities (USD mn) 4,314.000 Sep 2023 quarterly Sep 2002 - Sep 2023
International Investment Position (IIP): Net (USD mn) -133,472.727 2022 yearly 2014 - 2022
IIP: Liabilities (USD mn) 155,748.494 2022 yearly 2014 - 2022
IIP: Assets (USD mn) 22,275.767 2022 yearly 2014 - 2022
External Debt: Public (USD mn) 99,700.385 Dec 2023 quarterly Jun 2006 - Dec 2023
External Debt: Private Sector (USD mn) 12,276.898 Dec 2023 quarterly Jun 2006 - Dec 2023
Workers' Remittances (USD mn) 2,397.088 Jan 2024 monthly Jul 1972 - Jan 2024
Foreign Investment: Direct Investment: Hong Kong (USD mn) 15.974 Jan 2024 monthly Jul 2001 - Jan 2024
Foreign Investment: Direct Investment: Outflow: United States (USD mn) 1.768 Jan 2024 monthly Jul 2012 - Jan 2024
Foreign Investment: Direct Investment: United Kingdom (USD mn) 19.870 Jan 2024 monthly Jul 2001 - Jan 2024
Foreign Investment: Direct Investment: Switzerland (USD mn) 1.208 Jan 2024 monthly Jul 2001 - Jan 2024
Foreign Investment: Direct Investment: Outflow: United Kingdom (USD mn) 0.660 Jan 2024 monthly Jul 2012 - Jan 2024
Foreign Investment: Direct Investment: Italy (USD mn) 1.338 Jan 2024 monthly Jul 2011 - Jan 2024
Foreign Investment: Direct Investment: Outflow: China (USD mn) 306.612 Jan 2024 monthly Jul 2012 - Jan 2024
Foreign Investment: Direct Investment: Outflow: U.A.E (USD mn) 1.558 Jan 2024 monthly Jul 2012 - Jan 2024
Foreign Investment: Direct Investment: Outflow: Saudi Arabia (USD mn) 1.379 Jan 2024 monthly Jul 2012 - Jan 2024
Foreign Investment: Direct Investment: United States (USD mn) 9.625 Jan 2024 monthly Jul 2001 - Jan 2024
FDI: Tobacco & Cigarettes (USD mn) 4.116 Jan 2024 monthly Jul 2001 - Jan 2024
FDI: Chemicals (USD mn) 0.865 Jan 2024 monthly Jul 2001 - Jan 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 7.6 Dec 2023 quarterly Mar 2006 - Dec 2023
Non-Performing Loans (USD mn) 3,584.230 Dec 2023 quarterly Sep 2003 - Dec 2023
Money Supply M1 (USD mn) 38,761.644 Jan 2024 monthly Jul 1991 - Jan 2024
Money Supply M2 (USD mn) 116,827.767 Dec 2023 monthly Jan 1988 - Dec 2023
M2 Growth (%) 17.8 Dec 2023 monthly Jan 1989 - Dec 2023
Reserve Requirement Ratio (%) 5.0 Feb 2024 monthly Jul 2006 - Feb 2024
Foreign Exchange Reserves (USD mn) 11,992.2 Oct 2023 monthly Jan 1959 - Oct 2023
Foreign Exchange Reserves: % of GDP (%) 5.000 Feb 2024 monthly Jul 2006 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 2.5 Oct 2023 monthly Jan 1996 - Oct 2023
Gold Reserves (USD mn) 4,269.363 Jan 2024 monthly Dec 1956 - Jan 2024
Total Deposits (USD mn) 97,391.375 2022 yearly 1997 - 2022
Total Deposits Growth (%) 8.8 2022 yearly 1998 - 2022
Domestic Credit (USD mn) 143,209.6 Dec 2023 monthly Jun 2008 - Dec 2023
Domestic Credit Growth (%) 19.5 Dec 2023 monthly Jun 2009 - Dec 2023
Total Loans (USD mn) 42,146.228 Jan 2024 monthly Sep 2007 - Jan 2024
Total Loans Growth (%) 3.62 Jan 2024 monthly Sep 2008 - Jan 2024
Private Debt: % of Nominal GDP (%) 9.41 2023 yearly 2005 - 2023
Money Supply M0: Reserve Money (PKR mn) 10,827,553.615 Jan 2024 monthly Jan 2005 - Jan 2024
ORA: Gold Including Gold Deposits and Gold Swapped (USD mn) 2,711.52 May 2018 monthly Oct 2003 - May 2018

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