Sub-Saharan Africa vs United Arab Emirates: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Sub-Saharan Africa
- United Arab Emirates
How they compare
United Arab Emirates currently reports 68.0% against 24.7% in Sub-Saharan Africa, a difference of 43.3%.
That makes United Arab Emirates's figure about 2.7 times Sub-Saharan Africa's.
The two have swapped places 3 times across 50 shared years of data; in 1973 it was Sub-Saharan Africa ahead.
Sub-Saharan Africa ranks 40th and United Arab Emirates ranks 41st of 47 groups.
Across the 6 decades both report, Sub-Saharan Africa averaged higher in 1 and United Arab Emirates in 5.
Head to head by decade
| Decade | Sub-Saharan Africa | United Arab Emirates | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 20.6% | 13.7% | 7.0% | Sub-Saharan Africa |
| 1980s | 21.1% | 23.7% | 2.5% | United Arab Emirates |
| 1990s | 25.4% | 30.2% | 4.9% | United Arab Emirates |
| 2000s | 27.9% | 47.5% | 19.6% | United Arab Emirates |
| 2010s | 26.4% | 67.8% | 41.4% | United Arab Emirates |
| 2020s | 23.5% | 72.4% | 48.9% | United Arab Emirates |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Sub-Saharan Africa or United Arab Emirates?
- United Arab Emirates, at 68.0% against 24.7% in Sub-Saharan Africa as of 2024.
- What is the difference in domestic credit to private sector by banks between Sub-Saharan Africa and United Arab Emirates?
- 43.3%, with United Arab Emirates ahead.
- How many years of comparable data are there for Sub-Saharan Africa and United Arab Emirates?
- 50 years are reported by both, from 1973 to 2023.
- How do Sub-Saharan Africa and United Arab Emirates rank globally for domestic credit to private sector by banks?
- Sub-Saharan Africa ranks 40th and United Arab Emirates ranks 41st of 47 groups.
- 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.