Domestic credit to private sector in Africa Eastern and Southern
Africa Eastern and Southern: Domestic credit to private sector was 50.7% in 2024. ▲ Rising
Domestic credit to private sector in Africa Eastern and Southern, 1965–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, domestic credit to private sector in Africa Eastern and Southern stood at 50.7%.
Compared with earlier readings it is up 11.3% on the previous year and down 31.5% over ten years.
Over the whole period, domestic credit to private sector in Africa Eastern and Southern peaked at 94.4% in 2006 and was at its lowest, 29.9%, in 1966.
That places Africa Eastern and Southern 25th out of 47 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 59 years of available data.
Domestic credit to private sector in Africa Eastern and Southern, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 30.7% | — |
| 1966 | 29.9% | -2.5% |
| 1967 | 31.8% | +6.3% |
| 1968 | 30.6% | -3.8% |
| 1969 | 31.3% | +2.1% |
| 1970 | 35.1% | +12.2% |
| 1971 | 35.5% | +1.2% |
| 1972 | 34.3% | -3.5% |
| 1973 | 36.0% | +5.0% |
| 1974 | 34.9% | -3.0% |
| 1975 | 35.0% | +0.4% |
| 1976 | 32.6% | -7.0% |
| 1977 | 31.1% | -4.5% |
| 1978 | 31.0% | -0.5% |
| 1979 | 30.3% | -2.4% |
| 1980 | 32.9% | +8.8% |
| 1981 | 33.6% | +2.2% |
| 1982 | 33.1% | -1.5% |
| 1983 | 37.1% | +12.0% |
| 1984 | 38.4% | +3.5% |
| 1985 | 36.1% | -5.9% |
| 1986 | 37.7% | +4.5% |
| 1987 | 42.1% | +11.5% |
| 1988 | 42.6% | +1.2% |
| 1989 | 43.4% | +1.8% |
| 1990 | 43.9% | +1.3% |
| 1992 | 65.1% | +48.1% |
| 1993 | 68.1% | +4.7% |
| 1994 | 73.8% | +8.4% |
| 1995 | 76.7% | +3.9% |
| 1996 | 76.2% | -0.7% |
| 1997 | 73.3% | -3.8% |
| 1998 | 73.0% | -0.5% |
| 1999 | 82.0% | +12.4% |
| 2000 | 74.6% | -9.0% |
| 2001 | 76.6% | +2.7% |
| 2002 | 61.9% | -19.2% |
| 2003 | 70.9% | +14.5% |
| 2004 | 79.9% | +12.6% |
| 2005 | 85.3% | +6.8% |
| 2006 | 94.4% | +10.6% |
| 2007 | 93.4% | -1.1% |
| 2008 | 78.2% | -16.3% |
| 2009 | 79.6% | +1.9% |
| 2010 | 84.6% | +6.3% |
| 2011 | 76.4% | -9.7% |
| 2012 | 79.3% | +3.8% |
| 2013 | 75.5% | -4.8% |
| 2014 | 74.0% | -2.0% |
| 2015 | 65.8% | -11.1% |
| 2016 | 66.0% | +0.3% |
| 2017 | 65.7% | -0.5% |
| 2018 | 61.9% | -5.8% |
| 2019 | 60.4% | -2.4% |
| 2020 | 55.7% | -7.8% |
| 2021 | 49.5% | -11.1% |
| 2022 | 44.3% | -10.4% |
| 2023 | 45.5% | +2.7% |
| 2024 | 50.7% | +11.3% |
Biggest year-on-year movements
Years where Domestic credit to private sector in Africa Eastern and Southern changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +48.1% | 43.9% | 65.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 30.9% | 29.9% | 31.8% | 5 |
| 1970s | 33.6% | 30.3% | 36.0% | 10 |
| 1980s | 37.7% | 32.9% | 43.4% | 10 |
| 1990s | 70.2% | 43.9% | 82.0% | 9 |
| 2000s | 79.5% | 61.9% | 94.4% | 10 |
| 2010s | 70.9% | 60.4% | 84.6% | 10 |
| 2020s | 49.1% | 44.3% | 55.7% | 5 |
Countries ranked near Africa Eastern and Southern
More financial sector data for Africa Eastern and Southern
- Net migration 114,862 (2025)
- Domestic credit to private sector by banks 34.4% (2024)
- Monetary Sector credit to private sector 33.3% (2023)
- Broad money 50.7% (2024)
- Claims on central government, etc. 19.1% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 21.9 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports 6.09 (2025)
- Net migration, annual growth rate 117.14 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Africa Eastern and Southern?
- Domestic credit to private sector in Africa Eastern and Southern was 50.7% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Africa Eastern and Southern?
- The highest recorded value was 94.4% in 2006.
- What is the lowest domestic credit to private sector recorded in Africa Eastern and Southern?
- The lowest recorded value was 29.9% in 1966.
- How does Africa Eastern and Southern rank for domestic credit to private sector?
- Africa Eastern and Southern ranks 25th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 31.5%. The long-run trend across the full record is rising.
- Where does this Africa Eastern and Southern data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.