Bank credit to bank deposits in South Africa
South Africa: Bank credit to bank deposits was 95.6% in 2021. ▲ Rising
Latest (2021)
95.6%
Change on year
down 2.5%
World rank
45th
of 186 countries
All-time high
140.1%
in 2001
All-time low
81.8%
in 1979
Years of data
56
1965–2021
Bank credit to bank deposits in South Africa, 1965–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank credit to bank deposits in South Africa stood at 95.6%.
That represents a change of down 2.5% on the previous year and down 13.1% over ten years.
Over the whole period, bank credit to bank deposits in South Africa peaked at 140.1% in 2001 and was at its lowest, 81.8%, in 1979.
South Africa ranks 45th of 186 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Bank credit to bank deposits in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1965 | 86.4% | — |
| 1966 | 83.1% | -3.8% |
| 1967 | 85.3% | +2.6% |
| 1968 | 82.1% | -3.8% |
| 1969 | 84.8% | +3.4% |
| 1970 | 88.4% | +4.2% |
| 1971 | 90.2% | +2.1% |
| 1972 | 85.6% | -5.1% |
| 1973 | 89.0% | +3.9% |
| 1974 | 89.4% | +0.5% |
| 1975 | 88.1% | -1.4% |
| 1976 | 88.1% | -0.0% |
| 1977 | 85.9% | -2.5% |
| 1978 | 83.3% | -3.0% |
| 1979 | 81.8% | -1.7% |
| 1980 | 84.0% | +2.7% |
| 1981 | 92.3% | +9.8% |
| 1982 | 94.7% | +2.6% |
| 1983 | 99.3% | +4.9% |
| 1984 | 103.1% | +3.8% |
| 1985 | 103.7% | +0.6% |
| 1986 | 104.5% | +0.8% |
| 1987 | 100.6% | -3.8% |
| 1988 | 101.0% | +0.4% |
| 1989 | 100.1% | -0.9% |
| 1990 | 103.6% | +3.5% |
| 1992 | 120.4% | +16.2% |
| 1993 | 125.3% | +4.1% |
| 1994 | 124.4% | -0.7% |
| 1995 | 125.0% | +0.4% |
| 1996 | 128.3% | +2.7% |
| 1997 | 124.0% | -3.4% |
| 1998 | 126.3% | +1.9% |
| 1999 | 125.0% | -1.0% |
| 2000 | 134.2% | +7.3% |
| 2001 | 140.1% | +4.4% |
| 2002 | 114.4% | -18.3% |
| 2003 | 117.8% | +2.9% |
| 2004 | 124.5% | +5.7% |
| 2005 | 121.2% | -2.6% |
| 2006 | 124.9% | +3.1% |
| 2007 | 126.2% | +1.0% |
| 2008 | 120.1% | -4.8% |
| 2009 | 123.6% | +2.9% |
| 2010 | 119.1% | -3.7% |
| 2011 | 110.0% | -7.6% |
| 2012 | 113.3% | +3.0% |
| 2013 | 113.3% | +0.0% |
| 2014 | 112.0% | -1.2% |
| 2015 | 110.1% | -1.7% |
| 2016 | 111.8% | +1.6% |
| 2017 | 110.5% | -1.2% |
| 2018 | 110.4% | -0.0% |
| 2019 | 111.2% | +0.7% |
| 2020 | 98.1% | -11.8% |
| 2021 | 95.6% | -2.5% |
South Africa compared with similar countries
- South Africa's 95.6% is above the median for upper middle income countries, which is 79.3%, 1.2× the median. (55 countries reporting)
- South Africa's 95.6% is above the median for Sub-Saharan Africa, which is 65.6%, 1.5× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 84.4% | 82.1% | 86.4% | 5 |
| 1970s | 87.0% | 81.8% | 90.2% | 10 |
| 1980s | 98.3% | 84.0% | 104.5% | 10 |
| 1990s | 122.5% | 103.6% | 128.3% | 9 |
| 2000s | 124.7% | 114.4% | 140.1% | 10 |
| 2010s | 112.2% | 110.0% | 119.1% | 10 |
| 2020s | 96.9% | 95.6% | 98.1% | 2 |
Countries ranked near South Africa
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is bank credit to bank deposits in South Africa?
- Bank credit to bank deposits in South Africa was 95.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in South Africa?
- The highest recorded value was 140.1% in 2001.
- What is the lowest bank credit to bank deposits recorded in South Africa?
- The lowest recorded value was 81.8% in 1979.
- How does South Africa rank for bank credit to bank deposits?
- South Africa ranks 45th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in South Africa?
- Over the last ten years it is down 13.1%. The long-run trend across the full record is rising.
- Where does this South Africa 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
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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).