Domestic credit to private sector in Sri Lanka
Sri Lanka: Domestic credit to private sector was 49.9% in 2019. ◆ Volatile
Domestic credit to private sector in Sri Lanka, 1960–2019
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Sri Lanka is 49.9%, measured in 2019.
The figure is down 0.6% on the previous year and up 93.8% over ten years.
Over the whole period, domestic credit to private sector in Sri Lanka peaked at 50.2% in 2018 and was at its lowest, 7.2%, in 1962.
Sri Lanka ranks 95th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Sri Lanka, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 7.3% | — |
| 1961 | 7.3% | +0.8% |
| 1962 | 7.2% | -1.4% |
| 1963 | 8.6% | +19.3% |
| 1964 | 9.4% | +8.6% |
| 1965 | 9.2% | -2.0% |
| 1966 | 9.8% | +6.5% |
| 1967 | 10.3% | +5.8% |
| 1968 | 11.3% | +9.2% |
| 1969 | 12.4% | +9.4% |
| 1970 | 11.7% | -5.3% |
| 1971 | 12.4% | +5.6% |
| 1972 | 13.9% | +12.4% |
| 1973 | 11.6% | -16.5% |
| 1974 | 13.4% | +15.7% |
| 1975 | 12.7% | -5.7% |
| 1976 | 13.0% | +2.5% |
| 1977 | 15.7% | +21.0% |
| 1978 | 20.3% | +29.4% |
| 1979 | 22.6% | +11.4% |
| 1980 | 17.2% | -24.1% |
| 1981 | 18.1% | +5.7% |
| 1982 | 19.6% | +8.2% |
| 1983 | 21.1% | +7.4% |
| 1984 | 19.3% | -8.4% |
| 1985 | 20.7% | +7.2% |
| 1986 | 20.4% | -1.6% |
| 1987 | 20.2% | -0.8% |
| 1988 | 21.8% | +8.0% |
| 1989 | 20.2% | -7.4% |
| 1990 | 19.6% | -2.8% |
| 1991 | 8.8% | -55.0% |
| 1992 | 9.1% | +2.7% |
| 1993 | 9.8% | +8.6% |
| 1994 | 11.0% | +11.4% |
| 1995 | 31.1% | +183.5% |
| 1996 | 29.9% | -3.8% |
| 1997 | 29.4% | -1.5% |
| 1998 | 28.7% | -2.4% |
| 1999 | 29.3% | +1.9% |
| 2000 | 28.8% | -1.4% |
| 2001 | 30.7% | +6.6% |
| 2002 | 31.0% | +1.0% |
| 2003 | 30.7% | -0.9% |
| 2004 | 32.4% | +5.3% |
| 2005 | 33.1% | +2.1% |
| 2006 | 34.7% | +4.8% |
| 2007 | 34.2% | -1.2% |
| 2008 | 29.5% | -13.7% |
| 2009 | 25.7% | -12.9% |
| 2010 | 25.5% | -0.9% |
| 2011 | 35.0% | +37.2% |
| 2012 | 35.0% | +0.0% |
| 2013 | 34.8% | -0.8% |
| 2014 | 35.9% | +3.2% |
| 2015 | 41.6% | +16.0% |
| 2016 | 45.4% | +9.1% |
| 2017 | 47.4% | +4.4% |
| 2018 | 50.2% | +5.9% |
| 2019 | 49.9% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.3% | 7.2% | 12.4% | 10 |
| 1970s | 14.7% | 11.6% | 22.6% | 10 |
| 1980s | 19.9% | 17.2% | 21.8% | 10 |
| 1990s | 20.7% | 8.8% | 31.1% | 10 |
| 2000s | 31.1% | 25.7% | 34.7% | 10 |
| 2010s | 40.1% | 25.5% | 50.2% | 10 |
Countries ranked near Sri Lanka
- 93 Paraguay 50.0% compare
- 94 Poland 50.0% compare
- 96 Ecuador 47.4% compare
- 97 Saint Vincent and the Grenadines 47.1% compare
- 98 Seychelles 46.8% compare
More financial sector data for Sri Lanka
- 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 0.1797 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 0.1312 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 0.1797 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 Sri Lanka?
- Domestic credit to private sector in Sri Lanka was 49.9% in 2019, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Sri Lanka?
- The highest recorded value was 50.2% in 2018.
- What is the lowest domestic credit to private sector recorded in Sri Lanka?
- The lowest recorded value was 7.2% in 1962.
- How does Sri Lanka rank for domestic credit to private sector?
- Sri Lanka ranks 95th out of 187 countries with data for 2019.
- Is domestic credit to private sector rising or falling in Sri Lanka?
- Over the last ten years it is up 93.8%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka 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.