Domestic credit to private sector by banks in Ethiopia
Ethiopia: Domestic credit to private sector by banks was 17.6% in 2008. ◆ Volatile
Domestic credit to private sector by banks in Ethiopia, 1960–2008
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Ethiopia is 17.6%, measured in 2008.
The figure is down 4.7% on the previous year and up 11.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Ethiopia peaked at 20.4% in 2006 and was at its lowest, 0.5%, in 1962.
That places Ethiopia 148th out of 187 countries with data for 2008, putting it 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 Ethiopia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 0.5% | — |
| 1961 | 0.5% | -14.3% |
| 1962 | 0.5% | -2.8% |
| 1963 | 2.8% | +518.8% |
| 1964 | 3.2% | +13.1% |
| 1965 | 3.2% | -0.7% |
| 1966 | 3.6% | +13.0% |
| 1967 | 3.6% | +0.1% |
| 1968 | 4.0% | +11.1% |
| 1969 | 4.3% | +8.7% |
| 1970 | 5.1% | +18.0% |
| 1971 | 5.2% | +2.5% |
| 1972 | 5.5% | +5.3% |
| 1973 | 5.5% | +0.8% |
| 1974 | 5.8% | +4.1% |
| 1975 | 4.9% | -14.9% |
| 1976 | 4.6% | -6.9% |
| 1977 | 4.9% | +6.5% |
| 1978 | 5.9% | +21.0% |
| 1979 | 3.0% | -48.6% |
| 1980 | 2.0% | -34.1% |
| 1981 | 2.4% | +19.3% |
| 1982 | 2.4% | -0.5% |
| 1983 | 2.1% | -10.0% |
| 1984 | 2.1% | -1.2% |
| 1985 | 1.9% | -11.7% |
| 1986 | 1.8% | -3.3% |
| 1987 | 2.3% | +28.7% |
| 1988 | 1.7% | -27.9% |
| 1989 | 1.6% | -4.0% |
| 1990 | 1.6% | -1.1% |
| 1991 | 1.4% | -9.1% |
| 1992 | 2.1% | +44.0% |
| 1993 | 3.5% | +68.5% |
| 1994 | 4.8% | +38.7% |
| 1995 | 7.5% | +55.8% |
| 1996 | 11.6% | +54.4% |
| 1997 | 14.0% | +20.1% |
| 1998 | 15.8% | +12.6% |
| 1999 | 18.9% | +20.0% |
| 2000 | 17.6% | -6.8% |
| 2001 | 17.8% | +0.9% |
| 2002 | 18.0% | +1.1% |
| 2003 | 17.5% | -2.7% |
| 2004 | 16.5% | -5.5% |
| 2005 | 18.9% | +14.1% |
| 2006 | 20.4% | +8.4% |
| 2007 | 18.5% | -9.4% |
| 2008 | 17.6% | -4.7% |
Ethiopia compared with similar countries
- Ethiopia's 17.6% is above the median for low income countries, which is 11.9%, 1.5× the median. (24 countries reporting)
- Ethiopia's 17.6% is above the median for Sub-Saharan Africa, which is 15.6%, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks in Ethiopia 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 |
|---|---|---|---|
| 1963 | +518.8% | 0.5% | 2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.6% | 0.5% | 4.3% | 10 |
| 1970s | 5.0% | 3.0% | 5.9% | 10 |
| 1980s | 2.0% | 1.6% | 2.4% | 10 |
| 1990s | 8.1% | 1.4% | 18.9% | 10 |
| 2000s | 18.1% | 16.5% | 20.4% | 9 |
Countries ranked near Ethiopia
- 145 Algeria 19.6% compare
- 146 Eritrea 19.0% compare
- 147 Mozambique 17.7% compare
- 149 Liberia 16.9% compare
- 150 Tanzania, United Republic of 16.6% compare
- 151 Madagascar 16.3% compare
More financial sector data for Ethiopia
- 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0759 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 0.0001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0554 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 0.0001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0759 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 Ethiopia?
- Domestic credit to private sector by banks in Ethiopia was 17.6% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Ethiopia?
- The highest recorded value was 20.4% in 2006.
- What is the lowest domestic credit to private sector by banks recorded in Ethiopia?
- The lowest recorded value was 0.5% in 1962.
- How does Ethiopia rank for domestic credit to private sector by banks?
- Ethiopia ranks 148th out of 187 countries with data for 2008.
- Is domestic credit to private sector by banks rising or falling in Ethiopia?
- Over the last ten years it is up 11.9%. The long-run trend across the full record is volatile.
- Where does this Ethiopia 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.