Iceland vs South Africa: Domestic credit to private sector
Domestic credit to private sector over time
- Iceland
- South Africa
How they compare
South Africa currently reports 89.4% against 89.2% in Iceland, a difference of 0.2%.
The two have swapped places 5 times across 59 shared years of data; in 1965 it was South Africa ahead.
Iceland ranks 29th and South Africa ranks 28th of 187 countries.
Across the 7 decades both report, Iceland averaged higher in 1 and South Africa in 6.
Head to head by decade
| Decade | Iceland | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 33.3% | 56.8% | 23.4% | South Africa |
| 1970s | 27.2% | 55.7% | 28.5% | South Africa |
| 1980s | 34.9% | 61.1% | 26.2% | South Africa |
| 1990s | 50.8% | 99.4% | 48.6% | South Africa |
| 2000s | 170.8% | 120.2% | 50.6% | Iceland |
| 2010s | 104.1% | 123.8% | 19.8% | South Africa |
| 2020s | 94.1% | 94.6% | 0.5% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Iceland or South Africa?
- South Africa, at 89.4% against 89.2% in Iceland as of 2024.
- What is the difference in domestic credit to private sector between Iceland and South Africa?
- 0.2%, with South Africa ahead.
- How many years of comparable data are there for Iceland and South Africa?
- 59 years are reported by both, from 1965 to 2024.
- How do Iceland and South Africa rank globally for domestic credit to private sector?
- Iceland ranks 29th and South Africa ranks 28th 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.