Domestic credit to private sector by banks in Sao Tome and Principe
Sao Tome and Principe: Domestic credit to private sector by banks was 6.1% in 2024. ◆ Volatile
Domestic credit to private sector by banks in Sao Tome and Principe, 1995–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Sao Tome and Principe recorded 6.1% for domestic credit to private sector by banks in 2024.
The figure is down 13.4% on the previous year and down 80.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Sao Tome and Principe peaked at 40.0% in 2012 and was at its lowest, 2.8%, in 1997.
Sao Tome and Principe ranks 177th 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 Sao Tome and Principe, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 4.5% | — |
| 1996 | 2.9% | -35.7% |
| 1997 | 2.8% | -1.5% |
| 1998 | 4.5% | +58.6% |
| 1999 | 4.5% | +0.7% |
| 2000 | 4.4% | -3.7% |
| 2001 | 4.4% | -0.3% |
| 2002 | 5.7% | +30.3% |
| 2003 | 9.6% | +68.3% |
| 2004 | 14.9% | +55.9% |
| 2005 | 21.7% | +45.4% |
| 2006 | 25.6% | +18.0% |
| 2007 | 30.3% | +18.6% |
| 2008 | 27.2% | -10.4% |
| 2009 | 32.1% | +18.1% |
| 2010 | 38.4% | +19.7% |
| 2011 | 38.9% | +1.4% |
| 2012 | 40.0% | +2.9% |
| 2013 | 35.1% | -12.2% |
| 2014 | 31.5% | -10.4% |
| 2015 | 31.8% | +1.0% |
| 2016 | 30.0% | -5.6% |
| 2017 | 28.0% | -6.7% |
| 2018 | 23.5% | -16.2% |
| 2019 | 21.3% | -9.0% |
| 2020 | 18.8% | -11.7% |
| 2021 | 16.7% | -11.5% |
| 2022 | 11.9% | -28.5% |
| 2023 | 7.1% | -40.8% |
| 2024 | 6.1% | -13.4% |
Sao Tome and Principe compared with similar countries
- Sao Tome and Principe's 6.1% is below the median for lower middle income countries, which is 23.4%, 26% of the median. (46 countries reporting)
- Sao Tome and Principe's 6.1% is below the median for Sub-Saharan Africa, which is 15.6%, 39% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.9% | 2.8% | 4.5% | 5 |
| 2000s | 17.6% | 4.4% | 32.1% | 10 |
| 2010s | 31.9% | 21.3% | 40.0% | 10 |
| 2020s | 12.1% | 6.1% | 18.8% | 5 |
Countries ranked near Sao Tome and Principe
More financial sector data for Sao Tome and Principe
- 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 (2025)
- Reserve position in the IMF, US dollar, per capita 0 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 (2025)
- Reserve position in the IMF, SDR, per capita 0 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 (2025)
- Reserve tranche position, US dollar, per capita 0 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 Sao Tome and Principe?
- Domestic credit to private sector by banks in Sao Tome and Principe was 6.1% 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 Sao Tome and Principe?
- The highest recorded value was 40.0% in 2012.
- What is the lowest domestic credit to private sector by banks recorded in Sao Tome and Principe?
- The lowest recorded value was 2.8% in 1997.
- How does Sao Tome and Principe rank for domestic credit to private sector by banks?
- Sao Tome and Principe ranks 177th out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Sao Tome and Principe?
- Over the last ten years it is down 80.6%. The long-run trend across the full record is volatile.
- Where does this Sao Tome and Principe 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.