Domestic credit to private sector in Sri Lanka
Sri Lanka: Domestic credit to private sector was 47.0% in 2019. ▲ Rising
Domestic credit to private sector in Sri Lanka, 1960–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2019, domestic credit to private sector in Sri Lanka stood at 47.0%. That is the highest value across all 60 years on record.
The figure is up 0.7% on the previous year and up 82.6% over ten years.
Over the whole period, domestic credit to private sector in Sri Lanka peaked at 47.0% in 2019 and was at its lowest, 7.2%, in 1962.
Sri Lanka ranks 84th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
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 | 24.7% | -4.1% |
| 2011 | 33.7% | +36.7% |
| 2012 | 34.0% | +0.8% |
| 2013 | 33.5% | -1.4% |
| 2014 | 34.5% | +2.8% |
| 2015 | 39.4% | +14.2% |
| 2016 | 42.5% | +7.9% |
| 2017 | 43.9% | +3.3% |
| 2018 | 46.7% | +6.4% |
| 2019 | 47.0% | +0.7% |
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 | 38.0% | 24.7% | 47.0% | 10 |
Countries ranked near Sri Lanka
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 47.0% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Sri Lanka?
- The highest recorded value was 47.0% in 2019.
- 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 84th 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 82.6%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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.