Bank credit to bank deposits in Sierra Leone
Sierra Leone: Bank credit to bank deposits was 28.8% in 2021. ▼ Falling
Latest (2021)
28.8%
Change on year
up 10.0%
World rank
176th
of 186 countries
All-time high
109.9%
in 1963
All-time low
17.4%
in 1985
Years of data
62
1960–2021
Bank credit to bank deposits in Sierra Leone, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank credit to bank deposits in Sierra Leone stood at 28.8%.
The figure is up 10.0% on the previous year and down 38.6% over ten years.
Over the whole period, bank credit to bank deposits in Sierra Leone peaked at 109.9% in 1963 and was at its lowest, 17.4%, in 1985.
That places Sierra Leone 176th out of 186 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 62 years of available data.
Bank credit to bank deposits in Sierra Leone, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 60.4% | — |
| 1961 | 65.2% | +8.0% |
| 1962 | 79.7% | +22.2% |
| 1963 | 109.9% | +37.9% |
| 1964 | 106.1% | -3.5% |
| 1965 | 103.5% | -2.5% |
| 1966 | 91.8% | -11.3% |
| 1967 | 88.6% | -3.4% |
| 1968 | 68.5% | -22.7% |
| 1969 | 63.9% | -6.8% |
| 1970 | 80.3% | +25.8% |
| 1971 | 73.2% | -8.9% |
| 1972 | 69.9% | -4.5% |
| 1973 | 70.1% | +0.4% |
| 1974 | 68.3% | -2.7% |
| 1975 | 74.6% | +9.3% |
| 1976 | 61.8% | -17.1% |
| 1977 | 55.5% | -10.3% |
| 1978 | 54.6% | -1.6% |
| 1979 | 48.0% | -12.1% |
| 1980 | 47.7% | -0.6% |
| 1981 | 53.5% | +12.0% |
| 1982 | 37.5% | -29.8% |
| 1983 | 36.9% | -1.6% |
| 1984 | 24.3% | -34.3% |
| 1985 | 17.4% | -28.5% |
| 1986 | 29.2% | +68.4% |
| 1987 | 25.7% | -12.0% |
| 1988 | 30.9% | +20.2% |
| 1989 | 42.6% | +37.9% |
| 1990 | 32.9% | -22.7% |
| 1991 | 51.2% | +55.4% |
| 1992 | 43.7% | -14.6% |
| 1993 | 51.7% | +18.3% |
| 1994 | 52.3% | +1.2% |
| 1995 | 48.1% | -8.2% |
| 1996 | 43.4% | -9.6% |
| 1997 | 39.4% | -9.2% |
| 1998 | 35.0% | -11.2% |
| 1999 | 22.8% | -35.0% |
| 2000 | 22.3% | -1.9% |
| 2001 | 19.9% | -10.7% |
| 2002 | 23.4% | +17.7% |
| 2003 | 35.7% | +52.2% |
| 2004 | 40.2% | +12.7% |
| 2005 | 32.6% | -18.9% |
| 2006 | 32.0% | -1.8% |
| 2007 | 35.2% | +10.0% |
| 2008 | 42.7% | +21.4% |
| 2009 | 48.1% | +12.6% |
| 2010 | 47.8% | -0.7% |
| 2011 | 47.0% | -1.7% |
| 2012 | 40.0% | -14.8% |
| 2013 | 34.1% | -14.9% |
| 2014 | 30.3% | -11.2% |
| 2015 | 28.1% | -7.0% |
| 2016 | 27.3% | -2.9% |
| 2017 | 27.6% | +1.0% |
| 2018 | 31.6% | +14.5% |
| 2019 | 34.5% | +9.1% |
| 2020 | 26.2% | -24.0% |
| 2021 | 28.8% | +10.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 83.8% | 60.4% | 109.9% | 10 |
| 1970s | 65.6% | 48.0% | 80.3% | 10 |
| 1980s | 34.6% | 17.4% | 53.5% | 10 |
| 1990s | 42.1% | 22.8% | 52.3% | 10 |
| 2000s | 33.2% | 19.9% | 48.1% | 10 |
| 2010s | 34.8% | 27.3% | 47.8% | 10 |
| 2020s | 27.5% | 26.2% | 28.8% | 2 |
Countries ranked near Sierra Leone
- 173 Congo, Democratic Republic of the 34.6% compare
- 174 Haiti 33.3% compare
- 175 Micronesia, Federated States of 31.3% compare
- 177 Timor-Leste 27.5% compare
- 178 Suriname 25.9% compare
- 179 Djibouti 25.8% compare
More financial sector data for Sierra Leone
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0037 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0027 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0037 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank credit to bank deposits in Sierra Leone?
- Bank credit to bank deposits in Sierra Leone was 28.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Sierra Leone?
- The highest recorded value was 109.9% in 1963.
- What is the lowest bank credit to bank deposits recorded in Sierra Leone?
- The lowest recorded value was 17.4% in 1985.
- How does Sierra Leone rank for bank credit to bank deposits?
- Sierra Leone ranks 176th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Sierra Leone?
- Over the last ten years it is down 38.6%. The long-run trend across the full record is falling.
- Where does this Sierra Leone data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).