Domestic credit to private sector (% of GDP) (Domestic International) in Sub-Saharan Africa (IDA & IBRD countries)
Sub-Saharan Africa (IDA & IBRD countries): Domestic credit to private sector (% of GDP) (Domestic International) was 31.7% in 2023. ▲ Rising
Domestic credit to private sector in Sub-Saharan Africa (IDA & IBRD countries), 1965–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, domestic credit to private sector in Sub-Saharan Africa (IDA & IBRD countries) stood at 31.7%.
That represents a change of up 7.7% on the previous year and down 25.5% over ten years.
Over the whole period, domestic credit to private sector in Sub-Saharan Africa (IDA & IBRD countries) peaked at 55.7% in 2007 and was at its lowest, 20.1%, in 1981.
Sub-Saharan Africa (IDA & IBRD countries) ranks 36th of 47 groups on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Domestic credit to private sector (% of GDP) (Domestic International) in Sub-Saharan Africa (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 1965 | 23.2% | — |
| 1966 | 22.8% | -1.5% |
| 1967 | 24.8% | +8.6% |
| 1968 | 24.3% | -1.9% |
| 1969 | 24.7% | +1.3% |
| 1970 | 24.9% | +0.8% |
| 1971 | 27.0% | +8.6% |
| 1972 | 25.7% | -5.0% |
| 1973 | 27.1% | +5.6% |
| 1974 | 25.2% | -6.8% |
| 1975 | 25.8% | +2.2% |
| 1976 | 23.5% | -8.9% |
| 1977 | 24.1% | +2.6% |
| 1978 | 25.2% | +4.4% |
| 1979 | 24.5% | -2.9% |
| 1980 | 25.5% | +4.1% |
| 1981 | 20.1% | -21.0% |
| 1982 | 20.7% | +3.0% |
| 1983 | 25.3% | +22.1% |
| 1984 | 26.6% | +5.2% |
| 1985 | 24.3% | -8.9% |
| 1986 | 27.6% | +13.8% |
| 1987 | 31.2% | +12.9% |
| 1988 | 31.7% | +1.7% |
| 1989 | 32.9% | +3.9% |
| 1990 | 33.1% | +0.6% |
| 1992 | 45.8% | +38.1% |
| 1993 | 46.5% | +1.7% |
| 1994 | 49.2% | +5.7% |
| 1995 | 45.2% | -8.1% |
| 1996 | 39.9% | -11.6% |
| 1997 | 39.0% | -2.5% |
| 1998 | 36.7% | -5.9% |
| 1999 | 55.4% | +51.1% |
| 2000 | 51.1% | -7.7% |
| 2001 | 50.2% | -1.8% |
| 2002 | 38.6% | -23.2% |
| 2003 | 46.2% | +19.8% |
| 2004 | 51.5% | +11.5% |
| 2005 | 53.3% | +3.4% |
| 2006 | 55.1% | +3.4% |
| 2007 | 55.7% | +1.2% |
| 2008 | 46.3% | -16.8% |
| 2009 | 49.0% | +5.7% |
| 2010 | 50.4% | +3.0% |
| 2011 | 46.2% | -8.3% |
| 2012 | 45.8% | -0.8% |
| 2013 | 42.5% | -7.2% |
| 2014 | 41.6% | -2.2% |
| 2015 | 41.1% | -1.2% |
| 2016 | 41.9% | +1.9% |
| 2017 | 43.4% | +3.7% |
| 2018 | 39.8% | -8.4% |
| 2019 | 34.4% | -13.5% |
| 2020 | 32.9% | -4.4% |
| 2021 | 31.5% | -4.2% |
| 2022 | 29.4% | -6.6% |
| 2023 | 31.7% | +7.7% |
Biggest year-on-year movements
Years where Domestic credit to private sector (% of GDP) (Domestic International) in Sub-Saharan Africa (IDA & IBRD countries) 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 |
|---|---|---|---|
| 1999 | +51.1% | 36.7% | 55.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.0% | 22.8% | 24.8% | 5 |
| 1970s | 25.3% | 23.5% | 27.1% | 10 |
| 1980s | 26.6% | 20.1% | 32.9% | 10 |
| 1990s | 43.4% | 33.1% | 55.4% | 9 |
| 2000s | 49.7% | 38.6% | 55.7% | 10 |
| 2010s | 42.7% | 34.4% | 50.4% | 10 |
| 2020s | 31.4% | 29.4% | 32.9% | 4 |
Countries ranked near Sub-Saharan Africa (IDA & IBRD countries)
More financial sector data for Sub-Saharan Africa (IDA & IBRD countries)
- Net migration -223,909 (2025)
- Domestic credit to private sector by banks 24.7% (2023)
- Monetary Sector credit to private sector 24.8% (2023)
- Broad money 42.6% (2025)
- Claims on central government, etc. 12.9% (2023)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 20.18 % 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 6.12 (2025)
- Net migration, annual growth rate 67.11 % change on previous year (2025)
Frequently asked questions
- What is domestic credit to private sector in Sub-Saharan Africa (IDA & IBRD countries)?
- Domestic credit to private sector in Sub-Saharan Africa (IDA & IBRD countries) was 31.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Sub-Saharan Africa (IDA & IBRD countries)?
- The highest recorded value was 55.7% in 2007.
- What is the lowest domestic credit to private sector recorded in Sub-Saharan Africa (IDA & IBRD countries)?
- The lowest recorded value was 20.1% in 1981.
- How does Sub-Saharan Africa (IDA & IBRD countries) rank for domestic credit to private sector?
- Sub-Saharan Africa (IDA & IBRD countries) ranks 36th out of 47 groups with data for 2023.
- Is domestic credit to private sector rising or falling in Sub-Saharan Africa (IDA & IBRD countries)?
- Over the last ten years it is down 25.5%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (IDA & IBRD 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.
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.