Monetary Sector credit to private sector in Africa Western and Central
Africa Western and Central: Monetary Sector credit to private sector was 12.6% in 2022. ▲ Rising
Monetary Sector credit to private sector in Africa Western and Central, 1960–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Africa Western and Central recorded 12.6% for monetary sector credit to private sector in 2022.
Compared with earlier readings it is down 0.5% on the previous year and up 8.3% over ten years.
Over the whole period, monetary sector credit to private sector in Africa Western and Central peaked at 16.9% in 1980 and was at its lowest, 5.7%, in 1960.
That places Africa Western and Central 47th out of 47 groups with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 63 years of available data.
Monetary Sector credit to private sector in Africa Western and Central, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 5.7% | — |
| 1961 | 6.1% | +6.4% |
| 1962 | 7.6% | +25.9% |
| 1963 | 8.6% | +12.5% |
| 1964 | 8.7% | +1.2% |
| 1965 | 8.7% | +0.3% |
| 1966 | 8.9% | +1.4% |
| 1967 | 9.4% | +6.3% |
| 1968 | 9.8% | +4.6% |
| 1969 | 9.6% | -2.0% |
| 1970 | 8.0% | -17.1% |
| 1971 | 9.6% | +19.8% |
| 1972 | 9.9% | +3.3% |
| 1973 | 10.3% | +3.8% |
| 1974 | 9.3% | -9.4% |
| 1975 | 11.8% | +26.8% |
| 1976 | 12.0% | +1.7% |
| 1977 | 14.4% | +20.0% |
| 1978 | 16.7% | +15.7% |
| 1979 | 16.3% | -2.3% |
| 1980 | 16.9% | +3.4% |
| 1981 | 9.4% | -44.3% |
| 1982 | 10.1% | +7.5% |
| 1983 | 11.0% | +9.1% |
| 1984 | 11.0% | +0.3% |
| 1985 | 11.0% | -0.6% |
| 1986 | 14.3% | +30.3% |
| 1987 | 14.9% | +4.0% |
| 1988 | 13.8% | -7.4% |
| 1989 | 13.3% | -3.4% |
| 1990 | 13.0% | -2.5% |
| 1991 | 11.8% | -8.6% |
| 1992 | 11.7% | -1.0% |
| 1993 | 10.0% | -14.7% |
| 1994 | 8.4% | -16.2% |
| 1995 | 7.3% | -12.9% |
| 1996 | 6.7% | -7.5% |
| 1997 | 7.4% | +9.5% |
| 1998 | 7.9% | +6.9% |
| 1999 | 8.8% | +11.5% |
| 2000 | 8.6% | -2.5% |
| 2001 | 9.2% | +7.2% |
| 2002 | 8.3% | -9.7% |
| 2003 | 8.9% | +7.5% |
| 2004 | 8.7% | -2.8% |
| 2005 | 8.7% | -0.2% |
| 2006 | 8.5% | -2.0% |
| 2007 | 12.3% | +45.0% |
| 2008 | 15.2% | +23.4% |
| 2009 | 16.4% | +7.6% |
| 2010 | 13.0% | -20.5% |
| 2011 | 11.9% | -8.9% |
| 2012 | 11.6% | -2.1% |
| 2013 | 12.6% | +8.3% |
| 2014 | 14.0% | +11.1% |
| 2015 | 14.4% | +3.3% |
| 2016 | 15.9% | +9.8% |
| 2017 | 14.9% | -5.9% |
| 2018 | 13.3% | -11.0% |
| 2019 | 11.1% | -16.7% |
| 2020 | 11.7% | +5.9% |
| 2021 | 12.6% | +7.8% |
| 2022 | 12.6% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.3% | 5.7% | 9.8% | 10 |
| 1970s | 11.8% | 8.0% | 16.7% | 10 |
| 1980s | 12.6% | 9.4% | 16.9% | 10 |
| 1990s | 9.3% | 6.7% | 13.0% | 10 |
| 2000s | 10.5% | 8.3% | 16.4% | 10 |
| 2010s | 13.3% | 11.1% | 15.9% | 10 |
| 2020s | 12.3% | 11.7% | 12.6% | 3 |
Countries ranked near Africa Western and Central
More financial sector data for Africa Western and Central
- Net migration -338,771 (2025)
- Domestic credit to private sector by banks 15.1% (2023)
- Broad money 28.7% (2023)
- Claims on central government, etc. 10.2% (2022)
- Domestic credit to private sector 12.6% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 13.92 % 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 7.16 (2025)
- Net migration, annual growth rate -103.45 % change on previous year (2024)
Frequently asked questions
- What is monetary sector credit to private sector in Africa Western and Central?
- Monetary sector credit to private sector in Africa Western and Central was 12.6% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Africa Western and Central?
- The highest recorded value was 16.9% in 1980.
- What is the lowest monetary sector credit to private sector recorded in Africa Western and Central?
- The lowest recorded value was 5.7% in 1960.
- How does Africa Western and Central rank for monetary sector credit to private sector?
- Africa Western and Central ranks 47th out of 47 groups with data for 2022.
- Is monetary sector credit to private sector rising or falling in Africa Western and Central?
- Over the last ten years it is up 8.3%. The long-run trend across the full record is rising.
- Where does this Africa Western and Central data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% 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, 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. 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.