Domestic credit to private sector in Least developed countries
Least developed countries: Domestic credit to private sector was 31.2% in 2024. ◆ Volatile
Domestic credit to private sector in Least developed countries, 1963–2024
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 Least developed countries is 31.2%, measured in 2024. That is the highest value across all 56 years on record.
The figure is up 1.1% on the previous year and up 35.0% over ten years.
Over the whole period, domestic credit to private sector in Least developed countries peaked at 31.2% in 2024 and was at its lowest, 4.3%, in 1963.
Least developed countries ranks 36th of 47 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 4.3% | — |
| 1964 | 5.0% | +16.8% |
| 1965 | 4.5% | -10.5% |
| 1966 | 4.5% | +1.5% |
| 1968 | 5.1% | +11.2% |
| 1974 | 6.3% | +24.7% |
| 1975 | 6.4% | +1.6% |
| 1976 | 7.1% | +10.8% |
| 1977 | 7.6% | +7.7% |
| 1978 | 8.3% | +9.2% |
| 1979 | 8.6% | +2.5% |
| 1980 | 8.8% | +2.5% |
| 1981 | 8.6% | -2.3% |
| 1982 | 8.4% | -2.3% |
| 1983 | 8.4% | +0.4% |
| 1984 | 8.9% | +6.1% |
| 1985 | 9.0% | +0.3% |
| 1986 | 9.5% | +6.3% |
| 1987 | 10.4% | +9.3% |
| 1988 | 10.0% | -4.3% |
| 1989 | 10.2% | +2.9% |
| 1990 | 9.5% | -7.2% |
| 1991 | 8.5% | -10.6% |
| 1992 | 9.2% | +7.9% |
| 1993 | 9.0% | -1.3% |
| 1994 | 8.6% | -4.7% |
| 1995 | 10.5% | +21.4% |
| 1996 | 11.4% | +8.7% |
| 1997 | 12.0% | +5.6% |
| 1998 | 12.6% | +5.2% |
| 1999 | 12.9% | +2.3% |
| 2000 | 11.7% | -9.2% |
| 2001 | 12.8% | +9.0% |
| 2002 | 12.9% | +0.5% |
| 2003 | 12.9% | +0.3% |
| 2004 | 13.5% | +5.0% |
| 2005 | 14.0% | +3.3% |
| 2006 | 14.7% | +5.1% |
| 2007 | 14.8% | +0.7% |
| 2008 | 15.8% | +6.7% |
| 2009 | 17.8% | +12.5% |
| 2010 | 18.8% | +5.5% |
| 2011 | 18.2% | -3.0% |
| 2012 | 19.6% | +7.5% |
| 2013 | 20.3% | +3.9% |
| 2014 | 23.1% | +13.7% |
| 2015 | 25.0% | +8.0% |
| 2016 | 25.8% | +3.2% |
| 2017 | 26.6% | +3.3% |
| 2018 | 27.2% | +2.0% |
| 2019 | 27.9% | +2.9% |
| 2020 | 29.5% | +5.7% |
| 2021 | 30.4% | +2.9% |
| 2022 | 29.9% | -1.6% |
| 2023 | 30.9% | +3.2% |
| 2024 | 31.2% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.7% | 4.3% | 5.1% | 5 |
| 1970s | 7.4% | 6.3% | 8.6% | 6 |
| 1980s | 9.2% | 8.4% | 10.4% | 10 |
| 1990s | 10.4% | 8.5% | 12.9% | 10 |
| 2000s | 14.1% | 11.7% | 17.8% | 10 |
| 2010s | 23.2% | 18.2% | 27.9% | 10 |
| 2020s | 30.4% | 29.5% | 31.2% | 5 |
Countries ranked near Least developed countries
More financial sector data for Least developed countries
- Broad money 45.0% (2023)
- Total reserves in months of imports, annual growth rate -4.74 % 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, per capita 0 units per person (2025)
- Net migration, annual growth rate 30.52 % change on previous year (2025)
- Net migration -1.21 million (2025)
- Claims on central government, etc. 12.1% (2024)
- Monetary Sector credit to private sector 31.1% (2024)
- Total reserves in months of imports 5.77 (2025)
- Domestic credit to private sector by banks 30.8% (2024)
Frequently asked questions
- What is domestic credit to private sector in Least developed countries?
- Domestic credit to private sector in Least developed countries was 31.2% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Least developed countries?
- The highest recorded value was 31.2% in 2024.
- What is the lowest domestic credit to private sector recorded in Least developed countries?
- The lowest recorded value was 4.3% in 1963.
- How does Least developed countries rank for domestic credit to private sector?
- Least developed countries ranks 36th out of 47 groups with data for 2024.
- Is domestic credit to private sector rising or falling in Least developed countries?
- Over the last ten years it is up 35.0%. The long-run trend across the full record is volatile.
- Where does this Least developed countries 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.