Graph and download economic data for Private Credit by Deposit Money Banks to GDP for United Kingdom (DDDI01GBA156NWDB) from 1960 to 2021 about credits, United Kingdom, banks, private, depository institutions, and GDP.

A central bank is the term used to describe the authority responsible for policies that affect a country’s supply of money and credit. More specifically, a central bank uses its tools of monetary policy—open market operations, discount window lending, changes in reserve requirements—to affect short-term interest rates and the monetary base (currency held by the public plus bank reserves) and to achieve important policy goals.

United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data was reported at 136.203 % in 2017. This records an increase from the previous number of 134.256 % for 2016. United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 94.784 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 194.862 % in 2009 and a record low of 17.556 % in 1960. United Kingdom UK: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

United Kingdom M4 Lending: HS: Individual: Consumer Credit data was reported at 134,882.000 GBP mn in Oct 2018. This records a decrease from the previous number of 135,040.000 GBP mn for Sep 2018. United Kingdom M4 Lending: HS: Individual: Consumer Credit data is updated monthly, averaging 107,617.000 GBP mn from Jan 1987 (Median) to Oct 2018, with 382 observations. The data reached an all-time high of 147,427.000 GBP mn in Sep 2008 and a record low of 24,494.000 GBP mn in Jan 1987. United Kingdom M4 Lending: HS: Individual: Consumer Credit data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KA001: Money Stock.

United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data was reported at 134,688.000 GBP mn in Sep 2018. This records an increase from the previous number of 134,008.000 GBP mn for Aug 2018. United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data is updated monthly, averaging 116,539.500 GBP mn from Apr 1993 (Median) to Sep 2018, with 306 observations. The data reached an all-time high of 147,057.000 GBP mn in May 2008 and a record low of 42,062.000 GBP mn in Nov 1993. United Kingdom M4 Lending: sa: HS: Individual: Consumer Credit data remains active status in CEIC and is reported by Bank of England. The data is categorized under Global Database’s United Kingdom – Table UK.KA001: Money Stock.

With the onset of the Global Financial Crisis in the late Summer of 2007, the United Kingdom was one of the first countries to experience financial panic after the United States. In September 2007, the bank Northern Rock became the UK's first bank to collapse in 150 years due to a bank run, as depositors reacted to the announcement that the bank would be seeking emergency liquidity support from the Bank of England by lining up outside their bank branches to withdraw money. The failure of Northern Rock was a bad omen for the UK economy and financial sector, as banks stopped lending to each other and to customers in what became known as the 'credit crunch'. Government bailouts, private bailouts By October 2008, many UK banks were facing a situation where if they did not receive external assistance, then they would have to default on their debts and likely have to declare bankruptcy. The UK's Labour government, led by Prime Minister Gordon Brown, announced that it would provide emergency funds to stabilize the banking system, leading to the part or full nationalization of some of Britain's largest financial firms. Specifically, Royal Bank of Scotland, Lloyds TSB, and HBOS received over 35 billion pounds in a government cash injection, while Barclays opted to seek investment from private investors in order to avoid nationalization, much of which came from the state of Qatar. The bailouts caused UK government debt ratios to almost double over the period of the crisis, while public trust in the financial system sank.

Consumer credit, billion currency units in Royaume-Uni, juin, 2025 Pour cet indicateur, Bank of England fournit des données pour la Royaume-Uni de août 2010 à juin 2025. La valeur moyenne pour Royaume-Uni pendant cette période était de 153.34 billion U.K. Pound Sterling avec un minimum de 141.64 billion U.K. Pound Sterling en janvier 2022 et un maximum de 181.58 billion U.K. Pound Sterling en août 2010. | TheGlobalEconomy.com

UK Auto Loan Market size was valued at USD 90.24 Billion in 2024 and is expected to reach USD 128.14 Billion by 2032, growing at a CAGR of 4.50% from 2026-2032.

UK Auto Loan Market Drivers

Demand for Vehicle Ownership: A fundamental driver is the ongoing need and desire for personal vehicles among UK consumers and businesses. This demand is influenced by factors like: * Population Growth and Urbanization: While the UK is a mature market, population shifts and the needs of urban living can still drive vehicle purchases. * Personal Convenience and Necessity: For many, owning a car remains essential for commuting, family needs, and leisure activities. * Preference for Personal Mobility: Despite the growth of alternative transportation, personal car ownership remains a strong preference for a significant portion of the population.

Economic Factors: The overall health of the UK economy plays a crucial role: * Consumer Confidence: When consumers feel financially secure, they are more likely to make large purchases like vehicles, often relying on financing. * Disposable Income: Higher disposable income allows more individuals to afford car payments. * Employment Rates: Stable or rising employment provides the security needed for taking on loan obligations.

Interest Rates: The cost of borrowing money directly impacts the auto loan market: * Bank of England Base Rate: The central bank's rate influences the interest rates that lenders charge for car loans. Lower base rates generally lead to more affordable loans, stimulating demand. * Lender Competition: Competition among banks, credit unions, and other financial institutions can lead to more attractive interest rates for consumers. * Individual Creditworthiness: A borrower's credit score significantly affects the interest rate they will be offered. Higher scores typically result in lower rates.

1. Lending Practices and Regulations: How loans are offered and regulated shapes the market:
2. Loan Terms and Structures: The availability of various loan terms (shorter vs. longer) and structures (e.g., Personal Contract Purchase - PCP, Hire Purchase - HP) influences affordability and consumer choice. PCP remains the most common method for new car financing in the UK.
3. Regulatory Environment: The Financial Conduct Authority (FCA) plays a crucial role in regulating the market, ensuring fair practices and consumer protection. Recent scrutiny regarding discretionary commission models highlights the impact of regulation.

Chad TD: Domestic Credit: to Private Sector: % of GDP data was reported at 11.921 % in 2021. This records an increase from the previous number of 10.074 % for 2020. Chad TD: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 6.456 % from Dec 1960 (Median) to 2021, with 62 observations. The data reached an all-time high of 21.214 % in 1987 and a record low of 2.215 % in 2006. Chad TD: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Chad – Table TD.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Moldova MD: Domestic Credit: to Private Sector: % of GDP data was reported at 23.411 % in 2017. This records a decrease from the previous number of 30.349 % for 2016. Moldova MD: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 23.614 % from Dec 1995 (Median) to 2017, with 23 observations. The data reached an all-time high of 42.498 % in 2013 and a record low of 6.720 % in 1995. Moldova MD: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Moldova – Table MD.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Turkey Credit Sector: FI: Non-Bank Financial Institutions (NFI) data was reported at 39,985,710.000 TRY th in Jun 2018. This records an increase from the previous number of 38,286,213.000 TRY th for May 2018. Turkey Credit Sector: FI: Non-Bank Financial Institutions (NFI) data is updated monthly, averaging 57,462.500 TRY th from Jan 1986 (Median) to Jun 2018, with 390 observations. The data reached an all-time high of 39,985,710.000 TRY th in Jun 2018 and a record low of 0.200 TRY th in Jan 1986. Turkey Credit Sector: FI: Non-Bank Financial Institutions (NFI) data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.KB004: Deposit Money Banks: Credit Sector.

Nigeria NG: Domestic Credit: Provided by Financial Sector: % of GDP data was reported at 23.283 % in 2017. This records a decrease from the previous number of 26.555 % for 2016. Nigeria NG: Domestic Credit: Provided by Financial Sector: % of GDP data is updated yearly, averaging 19.425 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 48.672 % in 1986 and a record low of -1.602 % in 1974. Nigeria NG: Domestic Credit: Provided by Financial Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Nigeria – Table NG.World Bank.WDI: Bank Loans. Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Sweden SE: Domestic Credit: to Private Sector: % of GDP data was reported at 132.156 % in 2017. This records an increase from the previous number of 128.822 % for 2016. Sweden SE: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 124.384 % from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 132.242 % in 2013 and a record low of 90.511 % in 2001. Sweden SE: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Azerbaijan Domestic Credit: Provided by Financial Sector: % of GDP data was reported at 20.453 % in 2023. This records an increase from the previous number of 14.650 % for 2022. Azerbaijan Domestic Credit: Provided by Financial Sector: % of GDP data is updated yearly, averaging 15.025 % from Dec 2016 (Median) to 2023, with 8 observations. The data reached an all-time high of 28.124 % in 2016 and a record low of 13.133 % in 2018. Azerbaijan Domestic Credit: Provided by Financial Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Bank Loans. Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

United Arab Emirates AE: Domestic Credit: Provided by Financial Sector: % of GDP data was reported at 100.781 % in 2017. This records a decrease from the previous number of 107.593 % for 2016. United Arab Emirates AE: Domestic Credit: Provided by Financial Sector: % of GDP data is updated yearly, averaging 29.867 % from Dec 1975 (Median) to 2017, with 43 observations. The data reached an all-time high of 107.593 % in 2016 and a record low of -0.716 % in 1975. United Arab Emirates AE: Domestic Credit: Provided by Financial Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Arab Emirates – Table AE.World Bank: Bank Loans. Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.; ; International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.; Weighted average;

Uzbekistan UZ: Domestic Credit: to Private Sector: % of GDP data was reported at 38.798 % in 2023. This records an increase from the previous number of 36.319 % for 2022. Uzbekistan UZ: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 22.676 % from Dec 2013 (Median) to 2023, with 11 observations. The data reached an all-time high of 38.798 % in 2023 and a record low of 9.328 % in 2013. Uzbekistan UZ: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Uzbekistan – Table UZ.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

India M3: Bank Credit to Commercial Sector: Others: Other Credits data was reported at 84,280.000 INR mn in Oct 2018. This records a decrease from the previous number of 90,480.000 INR mn for Sep 2018. India M3: Bank Credit to Commercial Sector: Others: Other Credits data is updated monthly, averaging 200,750.000 INR mn from Mar 1994 (Median) to Oct 2018, with 296 observations. The data reached an all-time high of 614,070.000 INR mn in Jan 2001 and a record low of 46,670.000 INR mn in Sep 2016. India M3: Bank Credit to Commercial Sector: Others: Other Credits data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.KAA001: Money Supply.