Monetary Sector credit to private sector in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Monetary Sector credit to private sector was 21.7% in 2023. ▲ Rising
Monetary Sector credit to private sector in Heavily indebted poor countries (HIPC), 1962–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Heavily indebted poor countries (HIPC) recorded 21.7% for monetary sector credit to private sector in 2023. That is the highest value across all 62 years on record.
The figure is up 5.9% on the previous year and up 35.8% over ten years.
Over the whole period, monetary sector credit to private sector in Heavily indebted poor countries (HIPC) peaked at 21.7% in 2023 and was at its lowest, 5.8%, 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.
Monetary Sector credit to private sector in Heavily indebted poor countries (HIPC), year by year
| Year | % GDP | Change |
|---|---|---|
| 1962 | 6.6% | — |
| 1963 | 5.8% | -11.2% |
| 1964 | 6.9% | +17.7% |
| 1965 | 6.6% | -3.9% |
| 1966 | 6.9% | +4.2% |
| 1967 | 7.5% | +9.4% |
| 1968 | 7.6% | +1.3% |
| 1969 | 7.7% | +1.0% |
| 1970 | 8.8% | +14.2% |
| 1971 | 9.1% | +4.0% |
| 1972 | 9.5% | +4.3% |
| 1973 | 10.0% | +4.6% |
| 1974 | 11.1% | +11.4% |
| 1975 | 12.3% | +10.5% |
| 1976 | 12.3% | -0.3% |
| 1977 | 13.0% | +6.3% |
| 1978 | 13.9% | +6.6% |
| 1979 | 14.7% | +5.5% |
| 1980 | 15.1% | +2.6% |
| 1981 | 14.9% | -1.3% |
| 1982 | 15.1% | +1.9% |
| 1983 | 13.9% | -8.3% |
| 1984 | 12.4% | -10.8% |
| 1985 | 12.1% | -2.7% |
| 1986 | 13.2% | +9.7% |
| 1987 | 14.9% | +12.5% |
| 1988 | 13.5% | -9.2% |
| 1989 | 13.0% | -3.8% |
| 1990 | 12.7% | -1.9% |
| 1991 | 11.1% | -13.0% |
| 1992 | 12.3% | +10.6% |
| 1993 | 11.4% | -7.2% |
| 1994 | 10.2% | -10.3% |
| 1995 | 10.0% | -1.7% |
| 1996 | 10.7% | +6.6% |
| 1997 | 11.5% | +7.2% |
| 1998 | 12.6% | +10.1% |
| 1999 | 13.4% | +5.9% |
| 2000 | 11.5% | -13.9% |
| 2001 | 11.3% | -2.2% |
| 2002 | 10.9% | -3.0% |
| 2003 | 11.0% | +0.9% |
| 2004 | 10.9% | -0.7% |
| 2005 | 11.3% | +3.6% |
| 2006 | 12.0% | +5.9% |
| 2007 | 12.7% | +5.5% |
| 2008 | 13.1% | +3.1% |
| 2009 | 13.8% | +5.7% |
| 2010 | 13.9% | +0.8% |
| 2011 | 14.4% | +3.3% |
| 2012 | 15.5% | +8.2% |
| 2013 | 15.9% | +2.6% |
| 2014 | 16.7% | +4.9% |
| 2015 | 18.3% | +9.6% |
| 2016 | 19.2% | +4.7% |
| 2017 | 18.9% | -1.6% |
| 2018 | 18.8% | -0.4% |
| 2019 | 19.0% | +1.1% |
| 2020 | 20.1% | +5.5% |
| 2021 | 20.0% | -0.5% |
| 2022 | 20.5% | +2.4% |
| 2023 | 21.7% | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.0% | 5.8% | 7.7% | 8 |
| 1970s | 11.5% | 8.8% | 14.7% | 10 |
| 1980s | 13.8% | 12.1% | 15.1% | 10 |
| 1990s | 11.6% | 10.0% | 13.4% | 10 |
| 2000s | 11.9% | 10.9% | 13.8% | 10 |
| 2010s | 17.1% | 13.9% | 19.2% | 10 |
| 2020s | 20.5% | 20.0% | 21.7% | 4 |
Countries ranked near Heavily indebted poor countries (HIPC)
More financial sector data for Heavily indebted poor countries (HIPC)
- 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)
- Domestic credit to private sector by banks 21.5% (2023)
- Net migration, annual growth rate 52.95 % change on previous year (2025)
- Total reserves in months of imports 3.89 (2024)
- Broad money 34.3% (2021)
- Net migration -391,317 (2025)
- Claims on central government, etc. 10.9% (2023)
- Domestic credit to private sector 22.2% (2023)
Frequently asked questions
- What is monetary sector credit to private sector in Heavily indebted poor countries (HIPC)?
- Monetary sector credit to private sector in Heavily indebted poor countries (HIPC) was 21.7% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 21.7% in 2023.
- What is the lowest monetary sector credit to private sector recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 5.8% in 1963.
- How does Heavily indebted poor countries (HIPC) rank for monetary sector credit to private sector?
- Heavily indebted poor countries (HIPC) ranks 43rd out of 47 groups with data for 2023.
- Is monetary sector 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 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.