Domestic credit to private sector by banks in Africa Eastern and Southern
Africa Eastern and Southern: Domestic credit to private sector by banks was 34.4% in 2024. ▲ Rising
Domestic credit to private sector by banks in Africa Eastern and Southern, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector by banks in Africa Eastern and Southern stood at 34.4%.
That represents a change of up 4.8% on the previous year and down 6.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Africa Eastern and Southern peaked at 43.0% in 2007 and was at its lowest, 20.7%, in 1966.
Africa Eastern and Southern ranks 32nd of 47 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Domestic credit to private sector by banks in Africa Eastern and Southern, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 21.3% | — |
| 1966 | 20.7% | -3.1% |
| 1967 | 22.0% | +6.2% |
| 1968 | 22.0% | +0.2% |
| 1969 | 22.3% | +1.6% |
| 1970 | 25.3% | +13.1% |
| 1971 | 25.6% | +1.3% |
| 1972 | 25.0% | -2.2% |
| 1973 | 26.9% | +7.6% |
| 1974 | 26.7% | -0.7% |
| 1975 | 27.3% | +2.0% |
| 1976 | 25.3% | -7.4% |
| 1977 | 24.1% | -4.7% |
| 1978 | 24.1% | +0.2% |
| 1979 | 24.5% | +1.6% |
| 1980 | 25.6% | +4.5% |
| 1981 | 27.8% | +8.4% |
| 1982 | 27.4% | -1.4% |
| 1983 | 29.5% | +7.9% |
| 1984 | 29.4% | -0.3% |
| 1985 | 26.6% | -9.7% |
| 1986 | 26.4% | -0.6% |
| 1987 | 28.4% | +7.3% |
| 1988 | 29.5% | +4.0% |
| 1989 | 29.5% | -0.2% |
| 1990 | 28.7% | -2.5% |
| 1992 | 36.7% | +27.7% |
| 1993 | 35.5% | -3.2% |
| 1994 | 37.9% | +6.6% |
| 1995 | 38.0% | +0.4% |
| 1996 | 38.8% | +2.1% |
| 1997 | 39.7% | +2.3% |
| 1998 | 41.6% | +4.9% |
| 1999 | 41.5% | -0.3% |
| 2000 | 38.4% | -7.4% |
| 2001 | 41.8% | +8.7% |
| 2002 | 32.3% | -22.7% |
| 2003 | 36.9% | +14.3% |
| 2004 | 38.6% | +4.5% |
| 2005 | 39.2% | +1.6% |
| 2006 | 41.7% | +6.5% |
| 2007 | 43.0% | +3.1% |
| 2008 | 39.8% | -7.4% |
| 2009 | 41.5% | +4.1% |
| 2010 | 40.8% | -1.6% |
| 2011 | 39.3% | -3.7% |
| 2012 | 39.6% | +0.9% |
| 2013 | 37.6% | -5.1% |
| 2014 | 36.9% | -1.8% |
| 2015 | 38.6% | +4.5% |
| 2016 | 38.4% | -0.6% |
| 2017 | 36.5% | -4.8% |
| 2018 | 36.0% | -1.4% |
| 2019 | 35.9% | -0.2% |
| 2020 | 36.2% | +0.9% |
| 2021 | 34.3% | -5.4% |
| 2022 | 31.6% | -7.8% |
| 2023 | 32.8% | +3.7% |
| 2024 | 34.4% | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.7% | 20.7% | 22.3% | 5 |
| 1970s | 25.5% | 24.1% | 27.3% | 10 |
| 1980s | 28.0% | 25.6% | 29.5% | 10 |
| 1990s | 37.6% | 28.7% | 41.6% | 9 |
| 2000s | 39.3% | 32.3% | 43.0% | 10 |
| 2010s | 38.0% | 35.9% | 40.8% | 10 |
| 2020s | 33.9% | 31.6% | 36.2% | 5 |
Countries ranked near Africa Eastern and Southern
More financial sector data for Africa Eastern and Southern
- Net migration 114,862 (2025)
- Total reserves in months of imports 6.09 (2025)
- Broad money 50.7% (2024)
- Claims on central government, etc. 19.1% (2024)
- Domestic credit to private sector 50.7% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 21.9 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Monetary Sector credit to private sector 33.3% (2023)
- Net migration, annual growth rate 117.14 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Africa Eastern and Southern?
- Domestic credit to private sector by banks in Africa Eastern and Southern was 34.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Africa Eastern and Southern?
- The highest recorded value was 43.0% in 2007.
- What is the lowest domestic credit to private sector by banks recorded in Africa Eastern and Southern?
- The lowest recorded value was 20.7% in 1966.
- How does Africa Eastern and Southern rank for domestic credit to private sector by banks?
- Africa Eastern and Southern ranks 32nd out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 6.9%. The long-run trend across the full record is rising.
- Where does this Africa Eastern and Southern data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. 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.