Sierra Leone vs Somalia: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Sierra Leone
- Somalia
How they compare
Sierra Leone currently reports 5.5% against 5.4% in Somalia, a difference of 0.1%.
The two have swapped places 9 times across 37 shared years of data; in 1960 it was Sierra Leone ahead.
Sierra Leone ranks 182nd and Somalia ranks 183rd of 187 countries.
Across the 5 decades both report, Sierra Leone averaged higher in 2 and Somalia in 3.
Head to head by decade
| Decade | Sierra Leone | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 5.2% | 4.1% | 1.0% | Sierra Leone |
| 1970s | 6.0% | 10.2% | 4.2% | Somalia |
| 1980s | 5.1% | 6.7% | 1.7% | Somalia |
| 2010s | 3.7% | 2.4% | 1.3% | Sierra Leone |
| 2020s | 3.7% | 4.1% | 0.4% | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Sierra Leone or Somalia?
- Sierra Leone, at 5.5% against 5.4% in Somalia as of 2025.
- What is the difference in domestic credit to private sector by banks between Sierra Leone and Somalia?
- 0.1%, with Sierra Leone ahead.
- How many years of comparable data are there for Sierra Leone and Somalia?
- 37 years are reported by both, from 1960 to 2024.
- How do Sierra Leone and Somalia rank globally for domestic credit to private sector by banks?
- Sierra Leone ranks 182nd and Somalia ranks 183rd 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.