Domestic credit to private sector by banks in Eritrea
Eritrea: Domestic credit to private sector by banks was 19.0% in 2014. ▼ Falling
Domestic credit to private sector by banks in Eritrea, 1995–2014
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Eritrea recorded 19.0% for domestic credit to private sector by banks in 2014.
The figure is up 22.2% on the previous year and down 25.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Eritrea peaked at 45.1% in 1998 and was at its lowest, 15.6%, in 2013.
That places Eritrea 146th out of 187 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Domestic credit to private sector by banks in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 16.0% | — |
| 1996 | 33.3% | +107.9% |
| 1997 | 33.2% | -0.4% |
| 1998 | 45.1% | +36.0% |
| 1999 | 31.6% | -29.9% |
| 2000 | 26.8% | -15.1% |
| 2001 | 27.6% | +3.0% |
| 2002 | 26.5% | -4.2% |
| 2003 | 27.7% | +4.5% |
| 2004 | 25.6% | -7.6% |
| 2005 | 26.1% | +2.0% |
| 2006 | 25.1% | -3.7% |
| 2007 | 20.2% | -19.5% |
| 2008 | 21.5% | +6.5% |
| 2009 | 16.2% | -24.6% |
| 2010 | 19.3% | +19.0% |
| 2011 | 17.2% | -10.8% |
| 2012 | 15.9% | -7.9% |
| 2013 | 15.6% | -1.9% |
| 2014 | 19.0% | +22.2% |
Eritrea compared with similar countries
- Eritrea's 19.0% is above the median for low income countries, which is 11.9%, 1.6× the median. (24 countries reporting)
- Eritrea's 19.0% is above the median for Sub-Saharan Africa, which is 15.6%, 1.2× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Eritrea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +107.9% | 16.0% | 33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 31.8% | 16.0% | 45.1% | 5 |
| 2000s | 24.3% | 16.2% | 27.7% | 10 |
| 2010s | 17.4% | 15.6% | 19.3% | 5 |
Countries ranked near Eritrea
More financial sector data for Eritrea
- 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 (2011)
- Reserve position in the IMF, US dollar, per capita 0.0019 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 (2011)
- Reserve position in the IMF, SDR, per capita 0.0014 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 (2011)
- Reserve tranche position, US dollar, per capita 0.0019 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 Eritrea?
- Domestic credit to private sector by banks in Eritrea was 19.0% in 2014, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Eritrea?
- The highest recorded value was 45.1% in 1998.
- What is the lowest domestic credit to private sector by banks recorded in Eritrea?
- The lowest recorded value was 15.6% in 2013.
- How does Eritrea rank for domestic credit to private sector by banks?
- Eritrea ranks 146th out of 187 countries with data for 2014.
- Is domestic credit to private sector by banks rising or falling in Eritrea?
- Over the last ten years it is down 25.6%. The long-run trend across the full record is falling.
- Where does this Eritrea 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 — 20 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.