Central African Republic vs Nigeria: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Central African Republic
- Nigeria
How they compare
Nigeria currently reports 13.1% against 12.8% in Central African Republic, a difference of 0.3%.
The two have swapped places 4 times across 63 shared years of data; in 1960 it was Central African Republic ahead.
Central African Republic ranks 161st and Nigeria ranks 160th of 187 countries.
Across the 7 decades both report, Central African Republic averaged higher in 4 and Nigeria in 3.
Head to head by decade
| Decade | Central African Republic | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 15.3% | 5.6% | 9.6% | Central African Republic |
| 1970s | 15.1% | 6.8% | 8.3% | Central African Republic |
| 1980s | 10.3% | 6.8% | 3.5% | Central African Republic |
| 1990s | 4.9% | 6.8% | 1.9% | Nigeria |
| 2000s | 6.4% | 11.2% | 4.7% | Nigeria |
| 2010s | 11.2% | 11.8% | 0.6% | Nigeria |
| 2020s | 11.9% | 8.8% | 3.1% | Central African Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Central African Republic or Nigeria?
- Nigeria, at 13.1% against 12.8% in Central African Republic as of 2023.
- What is the difference in domestic credit to private sector by banks between Central African Republic and Nigeria?
- 0.3%, with Nigeria ahead.
- How many years of comparable data are there for Central African Republic and Nigeria?
- 63 years are reported by both, from 1960 to 2022.
- How do Central African Republic and Nigeria rank globally for domestic credit to private sector by banks?
- Central African Republic ranks 161st and Nigeria ranks 160th 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.