Domestic credit provided by financial sector in Zambia
Zambia: Domestic credit provided by financial sector was 35.2% in 2024. ▲ Rising
Domestic credit provided by financial sector in Zambia, 2011–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit provided by financial sector in Zambia stood at 35.2%.
Compared with earlier readings it is down 5.3% on the previous year and up 36.3% over ten years.
Over the whole period, domestic credit provided by financial sector in Zambia peaked at 42.4% in 2020 and was at its lowest, 21.1%, in 2011.
That places Zambia 52nd out of 65 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 14 years of available data.
Domestic credit provided by financial sector in Zambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 21.1% | — |
| 2012 | 21.9% | +4.0% |
| 2013 | 26.3% | +19.8% |
| 2014 | 25.8% | -1.8% |
| 2015 | 29.7% | +15.0% |
| 2016 | 27.0% | -8.8% |
| 2017 | 31.2% | +15.4% |
| 2018 | 31.9% | +2.1% |
| 2019 | 34.4% | +8.0% |
| 2020 | 42.4% | +23.0% |
| 2021 | 34.8% | -18.0% |
| 2022 | 31.8% | -8.6% |
| 2023 | 37.1% | +16.9% |
| 2024 | 35.2% | -5.3% |
Zambia compared with similar countries
- Zambia's 35.2% is below the median for lower middle income countries, which is 36.3%, 97% of the median. (17 countries reporting)
- Zambia's 35.2% is below the median for Sub-Saharan Africa, which is 51.1%, 69% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.7% | 21.1% | 34.4% | 9 |
| 2020s | 36.2% | 31.8% | 42.4% | 5 |
Countries ranked near Zambia
- 49 Ukraine 38.3% compare
- 50 Solomon Islands 36.3% compare
- 51 Papua New Guinea 35.5% compare
- 53 Uganda 34.0% compare
- 54 Trinidad and Tobago 33.1%
- 55 Republic of Moldova 32.0% compare
More financial sector data for Zambia
- 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 0.0011 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 0.0008 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 0.0011 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in Zambia?
- Domestic credit provided by financial sector in Zambia was 35.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Zambia?
- The highest recorded value was 42.4% in 2020.
- What is the lowest domestic credit provided by financial sector recorded in Zambia?
- The lowest recorded value was 21.1% in 2011.
- How does Zambia rank for domestic credit provided by financial sector?
- Zambia ranks 52nd out of 65 countries with data for 2024.
- Is domestic credit provided by financial sector rising or falling in Zambia?
- Over the last ten years it is up 36.3%. The long-run trend across the full record is rising.
- Where does this Zambia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes 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.