Ghana vs Tanzania: Private credit by deposit money banks and other financial

Ghana
10.3%
in 2021
Tanzania
12.6%
in 2020
Ghana rank
171st
Tanzania rank
168th

Private credit by deposit money banks and other financial over time

  • Ghana
  • Tanzania
05101520196019902021

How they compare

Tanzania currently reports 12.6% against 10.3% in Ghana, a difference of 2.3%.

That makes Tanzania's figure about 1.2 times Ghana's.

The two have swapped places 3 times across 33 shared years of data; in 1988 it was Ghana ahead.

Ghana ranks 171st and Tanzania ranks 168th of 187 countries.

Across the 5 decades both report, Ghana averaged higher in 2 and Tanzania in 3.

Head to head by decade

Decade Ghana Tanzania Difference Ahead
1980s 4.5% 7.8% 3.3% Tanzania
1990s 6.4% 7.8% 1.3% Tanzania
2000s 13.3% 7.4% 5.9% Ghana
2010s 15.7% 12.8% 2.9% Ghana
2020s 12.2% 12.6% 0.4% Tanzania

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks and other financial, Ghana or Tanzania?
Tanzania, at 12.6% against 10.3% in Ghana as of 2020.
What is the difference in private credit by deposit money banks and other financial between Ghana and Tanzania?
2.3%, with Tanzania ahead.
How many years of comparable data are there for Ghana and Tanzania?
33 years are reported by both, from 1988 to 2020.
How do Ghana and Tanzania rank globally for private credit by deposit money banks and other financial?
Ghana ranks 171st and Tanzania ranks 168th of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Ghana vs Tanzania: Private credit by deposit money banks and other financial. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-and-other-financial-institutions-to-gdp-percent/ghana/tanzania/

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About this data

Indicator
Private credit by deposit money banks and other financial institutions to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,619 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)