Domestic credit to private sector by banks in Liberia
Liberia: Domestic credit to private sector by banks was 16.9% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Liberia, 1961–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Liberia recorded 16.9% for domestic credit to private sector by banks in 2024.
The figure is down 11.4% on the previous year and up 50.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Liberia peaked at 19.1% in 2023 and was at its lowest, 0.2%, in 1988.
Liberia ranks 149th 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 Liberia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1961 | 7.2% | — |
| 1962 | 8.2% | +14.0% |
| 1963 | 10.2% | +24.0% |
| 1964 | 9.5% | -6.5% |
| 1965 | 8.0% | -16.2% |
| 1966 | 7.3% | -8.3% |
| 1967 | 8.3% | +13.3% |
| 1968 | 8.7% | +5.1% |
| 1969 | 9.6% | +10.2% |
| 1970 | 10.9% | +14.1% |
| 1971 | 11.3% | +3.9% |
| 1972 | 12.9% | +13.3% |
| 1973 | 14.0% | +9.1% |
| 1974 | 0.6% | -95.5% |
| 1975 | 0.3% | -54.5% |
| 1976 | 0.3% | +4.8% |
| 1977 | 0.3% | +16.5% |
| 1978 | 0.4% | +13.5% |
| 1979 | 0.4% | -2.5% |
| 1980 | 0.2% | -42.2% |
| 1981 | 0.2% | +4.1% |
| 1982 | 0.2% | -19.7% |
| 1983 | 0.2% | -0.2% |
| 1984 | 0.2% | +1.8% |
| 1985 | 0.2% | +3.3% |
| 1986 | 0.2% | -3.0% |
| 1987 | 0.2% | +4.6% |
| 1988 | 0.2% | -22.5% |
| 1989 | 0.3% | +119.0% |
| 1991 | 0.6% | +77.0% |
| 1992 | 1.5% | +146.4% |
| 1993 | 1.7% | +16.0% |
| 1994 | 3.6% | +112.4% |
| 1995 | 2.6% | -27.8% |
| 1996 | 0.7% | -71.7% |
| 1997 | 0.6% | -25.5% |
| 1998 | 7.7% | +1291.5% |
| 1999 | 4.9% | -36.7% |
| 2000 | 1.9% | -61.9% |
| 2001 | 2.0% | +7.4% |
| 2002 | 2.0% | -1.3% |
| 2003 | 2.4% | +22.7% |
| 2004 | 3.1% | +30.5% |
| 2005 | 3.6% | +14.0% |
| 2006 | 4.4% | +22.7% |
| 2007 | 5.2% | +17.2% |
| 2008 | 6.0% | +15.6% |
| 2009 | 7.8% | +30.8% |
| 2010 | 9.3% | +19.2% |
| 2011 | 10.3% | +10.7% |
| 2012 | 9.8% | -4.6% |
| 2013 | 11.6% | +18.5% |
| 2014 | 11.3% | -3.3% |
| 2015 | 12.6% | +12.0% |
| 2016 | 12.8% | +1.7% |
| 2017 | 16.5% | +28.9% |
| 2018 | 16.8% | +1.5% |
| 2019 | 14.1% | -16.0% |
| 2020 | 13.2% | -6.1% |
| 2021 | 12.7% | -4.0% |
| 2022 | 14.6% | +14.6% |
| 2023 | 19.1% | +31.5% |
| 2024 | 16.9% | -11.4% |
Liberia compared with similar countries
- Liberia's 16.9% is above the median for low income countries, which is 11.9%, 1.4× the median. (24 countries reporting)
- Liberia's 16.9% 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 Liberia 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 |
|---|---|---|---|
| 1998 | +1291.5% | 0.6% | 7.7% |
| 1992 | +146.4% | 0.6% | 1.5% |
| 1989 | +119.0% | 0.2% | 0.3% |
| 1994 | +112.4% | 1.7% | 3.6% |
| 1974 | -95.5% | 14.0% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.5% | 7.2% | 10.2% | 9 |
| 1970s | 5.2% | 0.3% | 14.0% | 10 |
| 1980s | 0.2% | 0.2% | 0.3% | 10 |
| 1990s | 2.7% | 0.6% | 7.7% | 9 |
| 2000s | 3.8% | 1.9% | 7.8% | 10 |
| 2010s | 12.5% | 9.3% | 16.8% | 10 |
| 2020s | 15.3% | 12.7% | 19.1% | 5 |
Countries ranked near Liberia
- 146 Eritrea 19.0% compare
- 147 Mozambique 17.7% compare
- 148 Ethiopia 17.6% compare
- 150 Tanzania, United Republic of 16.6% compare
- 151 Madagascar 16.3% compare
- 152 Argentina 15.8% compare
More financial sector data for Liberia
- 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 0.0084 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.73 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 0.0062 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.64 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 0.0084 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.73 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 Liberia?
- Domestic credit to private sector by banks in Liberia was 16.9% 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 Liberia?
- The highest recorded value was 19.1% in 2023.
- What is the lowest domestic credit to private sector by banks recorded in Liberia?
- The lowest recorded value was 0.2% in 1988.
- How does Liberia rank for domestic credit to private sector by banks?
- Liberia ranks 149th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Liberia?
- Over the last ten years it is up 50.6%. The long-run trend across the full record is volatile.
- Where does this Liberia 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.