Armenia vs Sub-Saharan Africa: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Armenia
- Sub-Saharan Africa
How they compare
Armenia currently reports 68.7% against 24.7% in Sub-Saharan Africa, a difference of 44.0%.
That makes Armenia's figure about 2.8 times Sub-Saharan Africa's.
The two have swapped places 2 times across 32 shared years of data; in 1992 it was Armenia ahead.
Armenia ranks 40th and Sub-Saharan Africa ranks 40th of 187 countries.
Across the 4 decades both report, Armenia averaged higher in 2 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | Armenia | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 11.9% | 25.7% | 13.8% | Sub-Saharan Africa |
| 2000s | 11.0% | 27.9% | 16.9% | Sub-Saharan Africa |
| 2010s | 43.8% | 26.4% | 17.3% | Armenia |
| 2020s | 57.9% | 23.5% | 34.4% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Armenia or Sub-Saharan Africa?
- Armenia, at 68.7% against 24.7% in Sub-Saharan Africa as of 2025.
- What is the difference in domestic credit to private sector by banks between Armenia and Sub-Saharan Africa?
- 44.0%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Sub-Saharan Africa?
- 32 years are reported by both, from 1992 to 2023.
- How do Armenia and Sub-Saharan Africa rank globally for domestic credit to private sector by banks?
- Armenia ranks 40th and Sub-Saharan Africa ranks 40th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.