Domestic credit to private sector by banks in Least developed countries
Least developed countries: Domestic credit to private sector by banks was 30.8% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Least developed countries, 1963–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Least developed countries recorded 30.8% for domestic credit to private sector by banks in 2024. That is the highest value across all 61 years on record.
Compared with earlier readings it is up 1.0% on the previous year and up 41.2% over ten years.
Over the whole period, domestic credit to private sector by banks in Least developed countries peaked at 30.8% in 2024 and was at its lowest, 4.3%, in 1963.
That places Least developed countries 36th out of 47 groups with data for 2024, 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 Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 4.3% | — |
| 1964 | 5.0% | +15.2% |
| 1965 | 4.6% | -7.8% |
| 1966 | 4.8% | +4.5% |
| 1967 | 5.2% | +8.9% |
| 1968 | 5.3% | +2.6% |
| 1969 | 5.3% | -1.3% |
| 1971 | 6.3% | +19.7% |
| 1972 | 6.8% | +7.2% |
| 1973 | 7.3% | +7.5% |
| 1974 | 7.0% | -4.3% |
| 1975 | 6.9% | -1.1% |
| 1976 | 7.3% | +6.8% |
| 1977 | 7.7% | +4.3% |
| 1978 | 8.2% | +6.5% |
| 1979 | 8.5% | +3.7% |
| 1980 | 8.8% | +3.5% |
| 1981 | 8.7% | -0.5% |
| 1982 | 8.5% | -2.2% |
| 1983 | 8.5% | +0.1% |
| 1984 | 8.6% | +1.0% |
| 1985 | 8.6% | -0.1% |
| 1986 | 9.1% | +5.9% |
| 1987 | 9.8% | +7.6% |
| 1988 | 9.5% | -3.6% |
| 1989 | 9.7% | +2.6% |
| 1990 | 9.1% | -6.0% |
| 1991 | 8.4% | -8.4% |
| 1992 | 8.9% | +6.7% |
| 1993 | 8.8% | -1.4% |
| 1994 | 8.4% | -4.5% |
| 1995 | 9.9% | +18.4% |
| 1996 | 10.6% | +7.1% |
| 1997 | 11.2% | +5.5% |
| 1998 | 11.8% | +5.2% |
| 1999 | 11.8% | -0.3% |
| 2000 | 10.9% | -7.2% |
| 2001 | 11.9% | +9.0% |
| 2002 | 11.6% | -2.3% |
| 2003 | 11.7% | +0.7% |
| 2004 | 12.2% | +3.8% |
| 2005 | 12.3% | +1.1% |
| 2006 | 13.0% | +5.5% |
| 2007 | 13.6% | +4.4% |
| 2008 | 14.7% | +8.7% |
| 2009 | 17.3% | +17.6% |
| 2010 | 17.8% | +2.6% |
| 2011 | 17.7% | -0.3% |
| 2012 | 19.0% | +7.2% |
| 2013 | 19.8% | +4.0% |
| 2014 | 21.8% | +10.2% |
| 2015 | 24.6% | +12.7% |
| 2016 | 25.4% | +3.6% |
| 2017 | 26.3% | +3.3% |
| 2018 | 26.8% | +2.0% |
| 2019 | 27.6% | +3.1% |
| 2020 | 29.3% | +5.9% |
| 2021 | 30.1% | +2.9% |
| 2022 | 29.6% | -1.7% |
| 2023 | 30.5% | +3.0% |
| 2024 | 30.8% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.9% | 4.3% | 5.3% | 7 |
| 1970s | 7.3% | 6.3% | 8.5% | 9 |
| 1980s | 9.0% | 8.5% | 9.8% | 10 |
| 1990s | 9.9% | 8.4% | 11.8% | 10 |
| 2000s | 12.9% | 10.9% | 17.3% | 10 |
| 2010s | 22.7% | 17.7% | 27.6% | 10 |
| 2020s | 30.0% | 29.3% | 30.8% | 5 |
Countries ranked near Least developed countries
More financial sector data for Least developed countries
- Total reserves in months of imports, annual growth rate -4.74 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Net migration, annual growth rate 30.52 % change on previous year (2025)
- Total reserves in months of imports 5.77 (2025)
- Monetary Sector credit to private sector 31.1% (2024)
- Broad money 45.0% (2023)
- Net migration -1.21 million (2025)
- Claims on central government, etc. 12.1% (2024)
- Domestic credit to private sector 31.2% (2024)
Frequently asked questions
- What is domestic credit to private sector by banks in Least developed countries?
- Domestic credit to private sector by banks in Least developed countries was 30.8% 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 Least developed countries?
- The highest recorded value was 30.8% in 2024.
- What is the lowest domestic credit to private sector by banks recorded in Least developed countries?
- The lowest recorded value was 4.3% in 1963.
- How does Least developed countries rank for domestic credit to private sector by banks?
- Least developed countries ranks 36th out of 47 groups with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Least developed countries?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is volatile.
- Where does this Least developed countries 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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CSV · JSON — 61 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.