Domestic credit to private sector in Sierra Leone
Sierra Leone: Domestic credit to private sector was 6.0% in 2020. ▼ Falling
Domestic credit to private sector in Sierra Leone, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Sierra Leone recorded 6.0% for domestic credit to private sector in 2020.
That represents a change of down 3.5% on the previous year and down 23.8% over ten years.
Over the whole period, domestic credit to private sector in Sierra Leone peaked at 8.2% in 2009 and was at its lowest, 1.6%, in 2001.
That places Sierra Leone 184th out of 187 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 61 years of available data.
Domestic credit to private sector in Sierra Leone, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 2.8% | — |
| 1961 | 3.5% | +26.3% |
| 1962 | 4.8% | +36.0% |
| 1963 | 6.6% | +37.9% |
| 1964 | 6.7% | +2.7% |
| 1965 | 5.9% | -12.1% |
| 1966 | 5.5% | -6.4% |
| 1967 | 5.9% | +6.4% |
| 1968 | 5.2% | -11.6% |
| 1969 | 4.7% | -10.4% |
| 1970 | 5.3% | +14.0% |
| 1971 | 5.6% | +5.5% |
| 1972 | 5.8% | +3.3% |
| 1973 | 6.0% | +3.4% |
| 1974 | 7.2% | +19.3% |
| 1975 | 6.7% | -6.5% |
| 1976 | 6.6% | -1.4% |
| 1977 | 5.9% | -10.7% |
| 1978 | 6.5% | +9.4% |
| 1979 | 6.1% | -6.2% |
| 1980 | 7.9% | +29.9% |
| 1981 | 7.7% | -2.4% |
| 1982 | 7.1% | -7.7% |
| 1983 | 7.1% | -0.5% |
| 1984 | 4.1% | -42.2% |
| 1985 | 3.1% | -24.0% |
| 1986 | 5.4% | +74.8% |
| 1987 | 2.7% | -49.3% |
| 1988 | 3.5% | +27.4% |
| 1989 | 4.8% | +38.1% |
| 1990 | 3.2% | -32.7% |
| 1991 | 3.5% | +8.5% |
| 1992 | 3.1% | -13.3% |
| 1993 | 3.4% | +12.4% |
| 1994 | 3.1% | -8.8% |
| 1995 | 2.7% | -14.4% |
| 1996 | 2.5% | -6.3% |
| 1997 | 3.2% | +29.5% |
| 1998 | 2.7% | -16.1% |
| 1999 | 2.1% | -24.0% |
| 2000 | 2.1% | +1.7% |
| 2001 | 1.6% | -23.9% |
| 2002 | 2.0% | +24.7% |
| 2003 | 2.9% | +43.1% |
| 2004 | 3.5% | +21.3% |
| 2005 | 3.3% | -3.7% |
| 2006 | 3.4% | +1.1% |
| 2007 | 4.3% | +27.9% |
| 2008 | 5.6% | +28.8% |
| 2009 | 8.2% | +47.5% |
| 2010 | 7.8% | -4.9% |
| 2011 | 7.7% | -2.0% |
| 2012 | 6.2% | -18.9% |
| 2013 | 4.8% | -23.3% |
| 2014 | 4.9% | +2.5% |
| 2015 | 5.4% | +10.2% |
| 2016 | 5.8% | +8.1% |
| 2017 | 5.1% | -11.7% |
| 2018 | 5.7% | +10.7% |
| 2019 | 6.2% | +8.5% |
| 2020 | 6.0% | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.2% | 2.8% | 6.7% | 10 |
| 1970s | 6.2% | 5.3% | 7.2% | 10 |
| 1980s | 5.3% | 2.7% | 7.9% | 10 |
| 1990s | 3.0% | 2.1% | 3.5% | 10 |
| 2000s | 3.7% | 1.6% | 8.2% | 10 |
| 2010s | 6.0% | 4.8% | 7.8% | 10 |
| 2020s | 6.0% | 6.0% | 6.0% | 1 |
Countries ranked near Sierra Leone
- 181 Sudan 7.9% compare
- 182 Congo, Democratic Republic of the 7.5% compare
- 183 Zimbabwe 6.5% compare
- 185 Yemen 5.6% compare
- 186 Afghanistan 3.1% compare
- 187 South Sudan 1.9% compare
More financial sector data for Sierra Leone
- 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 0.0037 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 0.0027 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 0.0037 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 in Sierra Leone?
- Domestic credit to private sector in Sierra Leone was 6.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Sierra Leone?
- The highest recorded value was 8.2% in 2009.
- What is the lowest domestic credit to private sector recorded in Sierra Leone?
- The lowest recorded value was 1.6% in 2001.
- How does Sierra Leone rank for domestic credit to private sector?
- Sierra Leone ranks 184th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Sierra Leone?
- Over the last ten years it is down 23.8%. The long-run trend across the full record is falling.
- Where does this Sierra Leone data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.