Domestic credit to private sector by banks in Low income
Low income: Domestic credit to private sector by banks was 12.4% in 2020. ▲ Rising
Domestic credit to private sector by banks in Low income, 1963–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Low income recorded 12.4% for domestic credit to private sector by banks in 2020. That is the highest value across all 56 years on record.
The figure is up 5.5% on the previous year and up 1.8% over ten years.
Over the whole period, domestic credit to private sector by banks in Low income peaked at 12.4% in 2020 and was at its lowest, 5.3%, in 1994.
That places Low income 47th out of 47 groups with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 56 years of available data.
Domestic credit to private sector by banks in Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 5.8% | — |
| 1964 | 7.1% | +22.4% |
| 1965 | 6.3% | -10.4% |
| 1966 | 6.6% | +4.4% |
| 1967 | 6.4% | -3.6% |
| 1968 | 6.5% | +1.9% |
| 1969 | 6.2% | -5.3% |
| 1970 | 6.4% | +4.1% |
| 1971 | 6.3% | -1.8% |
| 1972 | 6.7% | +6.0% |
| 1973 | 7.1% | +6.3% |
| 1974 | 7.4% | +3.9% |
| 1975 | 7.6% | +3.1% |
| 1976 | 7.2% | -5.4% |
| 1977 | 7.0% | -1.8% |
| 1978 | 7.7% | +9.3% |
| 1979 | 7.8% | +1.2% |
| 1980 | 7.8% | +0.4% |
| 1981 | 7.5% | -4.0% |
| 1982 | 7.4% | -1.9% |
| 1983 | 7.6% | +3.1% |
| 1984 | 7.5% | -1.0% |
| 1985 | 7.0% | -7.1% |
| 1986 | 7.3% | +4.2% |
| 1987 | 7.3% | -0.4% |
| 1988 | 5.9% | -18.8% |
| 1989 | 5.8% | -2.4% |
| 1990 | 5.7% | -1.7% |
| 1991 | 5.3% | -5.5% |
| 1992 | 6.0% | +12.4% |
| 1993 | 6.0% | -0.6% |
| 1994 | 5.3% | -10.8% |
| 1995 | 5.7% | +7.4% |
| 1996 | 7.0% | +21.9% |
| 1997 | 7.3% | +5.0% |
| 1998 | 8.0% | +9.0% |
| 1999 | 8.2% | +2.0% |
| 2000 | 6.6% | -18.7% |
| 2001 | 7.1% | +7.0% |
| 2002 | 7.0% | -1.2% |
| 2003 | 7.8% | +11.5% |
| 2004 | 8.3% | +6.5% |
| 2005 | 9.2% | +10.4% |
| 2006 | 10.1% | +10.3% |
| 2007 | 10.1% | -0.0% |
| 2008 | 11.2% | +10.3% |
| 2009 | 11.8% | +5.9% |
| 2010 | 12.1% | +2.6% |
| 2011 | 11.1% | -8.5% |
| 2012 | 9.5% | -14.2% |
| 2013 | 9.8% | +2.5% |
| 2014 | 10.9% | +11.4% |
| 2015 | 11.4% | +4.5% |
| 2018 | 11.6% | +1.9% |
| 2019 | 11.7% | +1.1% |
| 2020 | 12.4% | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.4% | 5.8% | 7.1% | 7 |
| 1970s | 7.1% | 6.3% | 7.8% | 10 |
| 1980s | 7.1% | 5.8% | 7.8% | 10 |
| 1990s | 6.4% | 5.3% | 8.2% | 10 |
| 2000s | 8.9% | 6.6% | 11.8% | 10 |
| 2010s | 11.0% | 9.5% | 12.1% | 8 |
| 2020s | 12.4% | 12.4% | 12.4% | 1 |
Countries ranked near Low income
More financial sector data for Low income
- Broad money 22.6% (2015)
- Net migration 160,831 (2025)
- Net migration, annual growth rate 217.81 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Domestic credit to private sector 12.6% (2020)
- Claims on central government, etc. 7.1% (2020)
- Total reserves in months of imports, annual growth rate 11.57 % change on previous year (2024)
- Monetary Sector credit to private sector 13.4% (2021)
- Total reserves in months of imports 3.28 (2024)
Frequently asked questions
- What is domestic credit to private sector by banks in Low income?
- Domestic credit to private sector by banks in Low income was 12.4% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Low income?
- The highest recorded value was 12.4% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Low income?
- The lowest recorded value was 5.3% in 1994.
- How does Low income rank for domestic credit to private sector by banks?
- Low income ranks 47th out of 47 groups with data for 2020.
- Is domestic credit to private sector by banks rising or falling in Low income?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is rising.
- Where does this Low income 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 — 56 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.