Domestic credit to private sector in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Domestic credit to private sector was 22.2% in 2023. ▲ Rising
Domestic credit to private sector in Heavily indebted poor countries (HIPC), 1962–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Heavily indebted poor countries (HIPC) is 22.2%, measured in 2023. That is the highest value across all 62 years on record.
The figure is up 6.0% on the previous year and up 35.8% over ten years.
Over the whole period, domestic credit to private sector in Heavily indebted poor countries (HIPC) peaked at 22.2% in 2023 and was at its lowest, 5.6%, in 1963.
Heavily indebted poor countries (HIPC) ranks 43rd of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 62 years of available data.
Domestic credit to private sector in Heavily indebted poor countries (HIPC), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1962 | 6.3% | — |
| 1963 | 5.6% | -11.5% |
| 1964 | 6.6% | +18.1% |
| 1965 | 6.2% | -6.6% |
| 1966 | 6.2% | +0.7% |
| 1967 | 6.7% | +7.3% |
| 1968 | 6.8% | +2.2% |
| 1969 | 6.8% | -0.4% |
| 1970 | 7.7% | +14.0% |
| 1971 | 8.1% | +4.8% |
| 1972 | 8.6% | +6.5% |
| 1973 | 9.1% | +5.2% |
| 1974 | 10.0% | +9.7% |
| 1975 | 11.3% | +13.0% |
| 1976 | 11.4% | +1.0% |
| 1977 | 12.3% | +8.1% |
| 1978 | 13.4% | +8.7% |
| 1979 | 14.0% | +4.3% |
| 1980 | 14.2% | +1.7% |
| 1981 | 13.6% | -4.0% |
| 1982 | 13.7% | +0.9% |
| 1983 | 13.0% | -5.8% |
| 1984 | 11.9% | -7.9% |
| 1985 | 11.6% | -2.9% |
| 1986 | 13.0% | +11.8% |
| 1987 | 14.4% | +11.1% |
| 1988 | 13.0% | -9.6% |
| 1989 | 12.6% | -3.5% |
| 1990 | 12.3% | -1.7% |
| 1991 | 10.9% | -11.8% |
| 1992 | 11.9% | +9.5% |
| 1993 | 11.1% | -6.6% |
| 1994 | 9.9% | -10.9% |
| 1995 | 9.7% | -1.8% |
| 1996 | 10.5% | +8.0% |
| 1997 | 11.1% | +5.6% |
| 1998 | 12.0% | +8.1% |
| 1999 | 12.5% | +3.9% |
| 2000 | 10.4% | -16.9% |
| 2001 | 11.6% | +11.8% |
| 2002 | 11.2% | -3.2% |
| 2003 | 11.3% | +1.0% |
| 2004 | 11.2% | -0.9% |
| 2005 | 11.7% | +3.8% |
| 2006 | 12.3% | +5.5% |
| 2007 | 13.0% | +5.5% |
| 2008 | 13.2% | +1.6% |
| 2009 | 14.4% | +9.6% |
| 2010 | 14.5% | +0.2% |
| 2011 | 14.6% | +1.1% |
| 2012 | 15.8% | +8.2% |
| 2013 | 16.3% | +3.2% |
| 2014 | 17.2% | +5.1% |
| 2015 | 18.6% | +8.6% |
| 2016 | 19.5% | +4.5% |
| 2017 | 19.2% | -1.3% |
| 2018 | 19.2% | -0.5% |
| 2019 | 19.3% | +0.8% |
| 2020 | 20.4% | +5.7% |
| 2021 | 20.4% | -0.2% |
| 2022 | 20.9% | +2.7% |
| 2023 | 22.2% | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 6.4% | 5.6% | 6.8% | 8 |
| 1970s | 10.6% | 7.7% | 14.0% | 10 |
| 1980s | 13.1% | 11.6% | 14.4% | 10 |
| 1990s | 11.2% | 9.7% | 12.5% | 10 |
| 2000s | 12.0% | 10.4% | 14.4% | 10 |
| 2010s | 17.4% | 14.5% | 19.5% | 10 |
| 2020s | 21.0% | 20.4% | 22.2% | 4 |
Countries ranked near Heavily indebted poor countries (HIPC)
More financial sector data for Heavily indebted poor countries (HIPC)
- Broad money 34.3% (2021)
- Total reserves in months of imports, annual growth rate 8.84 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Net migration, annual growth rate 52.95 % change on previous year (2025)
- Net migration -391,317 (2025)
- Claims on central government, etc. 10.9% (2023)
- Monetary Sector credit to private sector 21.7% (2023)
- Total reserves in months of imports 3.89 (2024)
- Domestic credit to private sector by banks 21.5% (2023)
Frequently asked questions
- What is domestic credit to private sector in Heavily indebted poor countries (HIPC)?
- Domestic credit to private sector in Heavily indebted poor countries (HIPC) was 22.2% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 22.2% in 2023.
- What is the lowest domestic credit to private sector recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 5.6% in 1963.
- How does Heavily indebted poor countries (HIPC) rank for domestic credit to private sector?
- Heavily indebted poor countries (HIPC) ranks 43rd out of 47 groups with data for 2023.
- Is domestic credit to private sector rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is up 35.8%. The long-run trend across the full record is rising.
- Where does this Heavily indebted poor countries (HIPC) 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.