Domestic credit to private sector in Eritrea
Eritrea: Domestic credit to private sector was 53.2% in 2014. ▼ Falling
Domestic credit to private sector in Eritrea, 1995–2014
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Eritrea recorded 53.2% for domestic credit to private sector in 2014. That is the highest value across all 20 years on record.
The figure is up 56.7% on the previous year and up 97.6% over ten years.
Over the whole period, domestic credit to private sector in Eritrea peaked at 53.2% in 2014 and was at its lowest, 16.2%, in 2012.
Eritrea ranks 71st of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Domestic credit to private sector in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 17.1% | — |
| 1996 | 34.6% | +102.7% |
| 1997 | 35.2% | +1.6% |
| 1998 | 46.5% | +32.0% |
| 1999 | 33.3% | -28.4% |
| 2000 | 29.2% | -12.3% |
| 2001 | 29.0% | -0.6% |
| 2002 | 28.6% | -1.4% |
| 2003 | 30.2% | +5.6% |
| 2004 | 26.9% | -10.8% |
| 2005 | 27.6% | +2.3% |
| 2006 | 26.0% | -5.7% |
| 2007 | 20.7% | -20.2% |
| 2008 | 22.1% | +6.4% |
| 2009 | 16.8% | -24.0% |
| 2010 | 21.3% | +26.9% |
| 2011 | 17.6% | -17.5% |
| 2012 | 16.2% | -8.0% |
| 2013 | 34.0% | +110.3% |
| 2014 | 53.2% | +56.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 33.3% | 17.1% | 46.5% | 5 |
| 2000s | 25.7% | 16.8% | 30.2% | 10 |
| 2010s | 28.4% | 16.2% | 53.2% | 5 |
Countries ranked near Eritrea
- 68 Namibia 55.1%
- 69 Russian Federation 54.6% compare
- 70 Cape Verde 54.0% compare
- 72 Philippines 52.1% compare
- 73 Bahamas 51.9% compare
- 74 Bolivia, Plurinational State of 51.8% compare
More financial sector data for Eritrea
- 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 (2011)
- Reserve position in the IMF, US dollar, per capita 0.0019 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 (2011)
- Reserve position in the IMF, SDR, per capita 0.0014 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 (2011)
- Reserve tranche position, US dollar, per capita 0.0019 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 Eritrea?
- Domestic credit to private sector in Eritrea was 53.2% in 2014, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Eritrea?
- The highest recorded value was 53.2% in 2014.
- What is the lowest domestic credit to private sector recorded in Eritrea?
- The lowest recorded value was 16.2% in 2012.
- How does Eritrea rank for domestic credit to private sector?
- Eritrea ranks 71st out of 187 countries with data for 2014.
- Is domestic credit to private sector rising or falling in Eritrea?
- Over the last ten years it is up 97.6%. The long-run trend across the full record is falling.
- Where does this Eritrea 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.
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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.