Domestic credit to private sector by banks in Seychelles
Seychelles: Domestic credit to private sector by banks was 34.5% in 2025. ▲ Rising
Domestic credit to private sector by banks in Seychelles, 1971–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Seychelles recorded 34.5% for domestic credit to private sector by banks in 2025.
Compared with earlier readings it is up 2.3% on the previous year and up 41.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Seychelles peaked at 40.6% in 2020 and was at its lowest, 6.2%, in 1988.
That places Seychelles 103rd out of 187 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Domestic credit to private sector by banks in Seychelles, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1971 | 15.8% | — |
| 1972 | 20.6% | +30.6% |
| 1973 | 24.0% | +16.3% |
| 1974 | 20.6% | -14.0% |
| 1975 | 19.0% | -7.7% |
| 1976 | 22.8% | +20.1% |
| 1977 | 23.7% | +3.9% |
| 1978 | 23.0% | -2.8% |
| 1979 | 19.3% | -16.3% |
| 1980 | 16.0% | -17.2% |
| 1981 | 15.1% | -5.6% |
| 1982 | 14.0% | -7.1% |
| 1983 | 13.1% | -6.2% |
| 1984 | 10.8% | -18.1% |
| 1985 | 8.4% | -22.2% |
| 1986 | 6.9% | -17.5% |
| 1987 | 6.2% | -9.8% |
| 1988 | 6.2% | -0.5% |
| 1989 | 7.2% | +16.3% |
| 1990 | 6.8% | -5.2% |
| 1991 | 7.4% | +8.9% |
| 1992 | 7.1% | -5.1% |
| 1993 | 7.1% | +0.2% |
| 1994 | 8.7% | +23.2% |
| 1995 | 10.7% | +22.8% |
| 1996 | 11.8% | +10.7% |
| 1997 | 12.9% | +8.8% |
| 1998 | 13.5% | +4.9% |
| 1999 | 14.2% | +5.3% |
| 2000 | 15.6% | +9.4% |
| 2001 | 16.9% | +8.8% |
| 2002 | 19.0% | +12.6% |
| 2003 | 24.5% | +28.7% |
| 2004 | 23.7% | -3.2% |
| 2005 | 23.3% | -1.8% |
| 2006 | 21.4% | -8.2% |
| 2007 | 23.8% | +11.2% |
| 2008 | 27.5% | +15.7% |
| 2009 | 20.0% | -27.4% |
| 2010 | 24.2% | +20.8% |
| 2011 | 22.4% | -7.3% |
| 2012 | 20.9% | -6.8% |
| 2013 | 21.4% | +2.4% |
| 2014 | 24.4% | +14.0% |
| 2015 | 24.3% | -0.0% |
| 2016 | 24.5% | +0.7% |
| 2017 | 26.4% | +7.6% |
| 2018 | 27.2% | +3.0% |
| 2019 | 31.4% | +15.4% |
| 2020 | 40.6% | +29.4% |
| 2021 | 34.6% | -14.8% |
| 2022 | 31.7% | -8.3% |
| 2023 | 32.0% | +0.7% |
| 2024 | 33.7% | +5.3% |
| 2025 | 34.5% | +2.3% |
Seychelles compared with similar countries
- Seychelles's 34.5% is below the median for high income countries, which is 64.3%, 54% of the median. (61 countries reporting)
- Seychelles's 34.5% is above the median for Sub-Saharan Africa, which is 15.6%, 2.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.0% | 15.8% | 24.0% | 9 |
| 1980s | 10.4% | 6.2% | 16.0% | 10 |
| 1990s | 10.0% | 6.8% | 14.2% | 10 |
| 2000s | 21.6% | 15.6% | 27.5% | 10 |
| 2010s | 24.7% | 20.9% | 31.4% | 10 |
| 2020s | 34.5% | 31.7% | 40.6% | 6 |
Countries ranked near Seychelles
More financial sector data for Seychelles
- 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 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 39.96 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 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 29.18 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 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 39.96 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 Seychelles?
- Domestic credit to private sector by banks in Seychelles was 34.5% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Seychelles?
- The highest recorded value was 40.6% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Seychelles?
- The lowest recorded value was 6.2% in 1988.
- How does Seychelles rank for domestic credit to private sector by banks?
- Seychelles ranks 103rd out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Seychelles?
- Over the last ten years it is up 41.5%. The long-run trend across the full record is rising.
- Where does this Seychelles 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.