Germany vs Sub-Saharan Africa: Domestic credit to private sector
Domestic credit to private sector over time
- Germany
- Sub-Saharan Africa
How they compare
Germany currently reports 77.3% against 29.4% in Sub-Saharan Africa, a difference of 47.9%.
That makes Germany's figure about 2.6 times Sub-Saharan Africa's.
Across all 22 years both countries report, Germany has been ahead every year.
Germany ranks 35th and Sub-Saharan Africa ranks 37th of 187 countries.
Germany has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Germany | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 103.0% | 49.5% | 53.4% | Germany |
| 2010s | 79.4% | 42.7% | 36.7% | Germany |
| 2020s | 82.5% | 31.3% | 51.3% | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Germany or Sub-Saharan Africa?
- Germany, at 77.3% against 29.4% in Sub-Saharan Africa as of 2023.
- What is the difference in domestic credit to private sector between Germany and Sub-Saharan Africa?
- 47.9%, with Germany ahead.
- How many years of comparable data are there for Germany and Sub-Saharan Africa?
- 22 years are reported by both, from 2001 to 2022.
- How do Germany and Sub-Saharan Africa rank globally for domestic credit to private sector?
- Germany ranks 35th and Sub-Saharan Africa ranks 37th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% 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 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. 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.