Domestic credit to private sector by banks in Equatorial Guinea
Equatorial Guinea: Domestic credit to private sector by banks was 5.8% in 2023. ◆ Volatile
Domestic credit to private sector by banks in Equatorial Guinea, 1985–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, domestic credit to private sector by banks in Equatorial Guinea stood at 5.8%.
That represents a change of down 28.3% on the previous year and down 15.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Equatorial Guinea peaked at 38.2% in 1991 and was at its lowest, 2.1%, in 2005.
Equatorial Guinea ranks 178th of 187 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Equatorial Guinea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1985 | 23.4% | — |
| 1986 | 31.6% | +35.1% |
| 1987 | 26.8% | -15.2% |
| 1988 | 24.6% | -8.1% |
| 1989 | 27.7% | +12.3% |
| 1990 | 25.8% | -6.8% |
| 1991 | 38.2% | +48.4% |
| 1992 | 21.2% | -44.5% |
| 1993 | 5.2% | -75.7% |
| 1994 | 4.0% | -22.2% |
| 1995 | 4.8% | +19.3% |
| 1996 | 5.2% | +8.6% |
| 1997 | 4.7% | -10.7% |
| 1998 | 6.5% | +38.8% |
| 1999 | 5.6% | -13.9% |
| 2000 | 3.6% | -34.7% |
| 2001 | 3.5% | -4.5% |
| 2002 | 4.2% | +20.1% |
| 2003 | 3.6% | -13.9% |
| 2004 | 2.7% | -24.1% |
| 2005 | 2.1% | -21.1% |
| 2006 | 2.4% | +10.4% |
| 2007 | 2.8% | +18.1% |
| 2008 | 4.1% | +46.3% |
| 2009 | 5.3% | +29.5% |
| 2010 | 6.1% | +14.3% |
| 2011 | 6.4% | +5.4% |
| 2012 | 4.8% | -24.7% |
| 2013 | 6.8% | +42.0% |
| 2014 | 8.1% | +18.2% |
| 2015 | 12.5% | +54.5% |
| 2016 | 14.9% | +19.3% |
| 2017 | 14.1% | -5.6% |
| 2018 | 14.1% | +0.5% |
| 2019 | 15.2% | +7.4% |
| 2020 | 12.8% | -15.7% |
| 2021 | 10.4% | -18.8% |
| 2022 | 8.0% | -22.8% |
| 2023 | 5.8% | -28.3% |
Equatorial Guinea compared with similar countries
- Equatorial Guinea's 5.8% is below the median for upper middle income countries, which is 39.8%, 14% of the median. (55 countries reporting)
- Equatorial Guinea's 5.8% is below the median for Sub-Saharan Africa, which is 15.6%, 37% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 26.8% | 23.4% | 31.6% | 5 |
| 1990s | 12.1% | 4.0% | 38.2% | 10 |
| 2000s | 3.4% | 2.1% | 5.3% | 10 |
| 2010s | 10.3% | 4.8% | 15.2% | 10 |
| 2020s | 9.3% | 5.8% | 12.8% | 4 |
Countries ranked near Equatorial Guinea
More financial sector data for Equatorial Guinea
- 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 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.49 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 0.0004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.55 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 0.0005 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.49 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector by banks in Equatorial Guinea?
- Domestic credit to private sector by banks in Equatorial Guinea was 5.8% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Equatorial Guinea?
- The highest recorded value was 38.2% in 1991.
- What is the lowest domestic credit to private sector by banks recorded in Equatorial Guinea?
- The lowest recorded value was 2.1% in 2005.
- How does Equatorial Guinea rank for domestic credit to private sector by banks?
- Equatorial Guinea ranks 178th out of 187 countries with data for 2023.
- Is domestic credit to private sector by banks rising or falling in Equatorial Guinea?
- Over the last ten years it is down 15.8%. The long-run trend across the full record is volatile.
- Where does this Equatorial Guinea 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.
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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.