Monetary Sector credit to private sector in Least developed countries
Least developed countries: Monetary Sector credit to private sector was 31.1% in 2024. ◆ Volatile
Monetary Sector credit to private sector in Least developed countries, 1963–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
The most recent figure for monetary sector credit to private sector in Least developed countries is 31.1%, measured in 2024. That is the highest value across all 61 years on record.
The figure is up 1.0% on the previous year and up 42.0% over ten years.
Over the whole period, monetary sector credit to private sector in Least developed countries peaked at 31.1% in 2024 and was at its lowest, 4.4%, in 1963.
Least developed countries ranks 34th of 45 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector in Least developed countries, year by year
| Year | % GDP | Change |
|---|---|---|
| 1963 | 4.4% | — |
| 1964 | 5.1% | +16.9% |
| 1965 | 4.7% | -8.0% |
| 1966 | 4.9% | +4.4% |
| 1967 | 5.5% | +11.5% |
| 1968 | 5.4% | -0.4% |
| 1969 | 5.4% | -1.0% |
| 1971 | 6.3% | +17.8% |
| 1972 | 6.8% | +6.8% |
| 1973 | 7.3% | +7.6% |
| 1974 | 7.0% | -3.5% |
| 1975 | 7.1% | +0.9% |
| 1976 | 7.7% | +8.0% |
| 1977 | 8.1% | +5.6% |
| 1978 | 8.6% | +5.9% |
| 1979 | 8.7% | +2.0% |
| 1980 | 9.0% | +2.9% |
| 1981 | 8.9% | -0.6% |
| 1982 | 8.8% | -0.9% |
| 1983 | 8.8% | -0.8% |
| 1984 | 8.8% | +0.6% |
| 1985 | 8.8% | -0.5% |
| 1986 | 9.3% | +5.3% |
| 1987 | 10.3% | +11.7% |
| 1988 | 9.9% | -4.1% |
| 1989 | 10.3% | +3.4% |
| 1990 | 9.5% | -7.5% |
| 1991 | 8.5% | -10.7% |
| 1992 | 9.0% | +6.8% |
| 1993 | 8.8% | -2.2% |
| 1994 | 8.4% | -4.7% |
| 1995 | 10.0% | +18.5% |
| 1996 | 10.7% | +7.2% |
| 1997 | 11.3% | +5.7% |
| 1998 | 11.9% | +5.1% |
| 1999 | 12.2% | +2.7% |
| 2000 | 11.1% | -9.3% |
| 2001 | 12.1% | +9.2% |
| 2002 | 11.8% | -2.2% |
| 2003 | 11.9% | +0.5% |
| 2004 | 12.4% | +4.0% |
| 2005 | 12.5% | +0.8% |
| 2006 | 13.1% | +5.3% |
| 2007 | 13.7% | +4.1% |
| 2008 | 14.8% | +8.6% |
| 2009 | 17.4% | +17.5% |
| 2010 | 17.9% | +2.8% |
| 2011 | 17.8% | -0.5% |
| 2012 | 19.1% | +7.3% |
| 2013 | 19.9% | +4.0% |
| 2014 | 21.9% | +10.2% |
| 2015 | 24.7% | +12.7% |
| 2016 | 25.7% | +3.9% |
| 2017 | 26.5% | +3.3% |
| 2018 | 27.0% | +2.0% |
| 2019 | 27.9% | +3.1% |
| 2020 | 29.5% | +5.9% |
| 2021 | 30.3% | +2.8% |
| 2022 | 29.8% | -1.8% |
| 2023 | 30.8% | +3.3% |
| 2024 | 31.1% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.0% | 4.4% | 5.5% | 7 |
| 1970s | 7.5% | 6.3% | 8.7% | 9 |
| 1980s | 9.3% | 8.8% | 10.3% | 10 |
| 1990s | 10.0% | 8.4% | 12.2% | 10 |
| 2000s | 13.1% | 11.1% | 17.4% | 10 |
| 2010s | 22.8% | 17.8% | 27.9% | 10 |
| 2020s | 30.3% | 29.5% | 31.1% | 5 |
Countries ranked near Least developed countries
More financial sector data for Least developed countries
- 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)
- Domestic credit to private sector by banks 30.8% (2024)
- Net migration, annual growth rate 30.52 % change on previous year (2025)
- Total reserves in months of imports 5.77 (2025)
- Broad money 45.0% (2023)
- Net migration -1.21 million (2025)
- Claims on central government, etc. 12.1% (2024)
- Domestic credit to private sector 31.2% (2024)
Frequently asked questions
- What is monetary sector credit to private sector in Least developed countries?
- Monetary sector credit to private sector in Least developed countries was 31.1% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Least developed countries?
- The highest recorded value was 31.1% in 2024.
- What is the lowest monetary sector credit to private sector recorded in Least developed countries?
- The lowest recorded value was 4.4% in 1963.
- How does Least developed countries rank for monetary sector credit to private sector?
- Least developed countries ranks 34th out of 45 groups with data for 2024.
- Is monetary sector credit to private sector rising or falling in Least developed countries?
- Over the last ten years it is up 42.0%. 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 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.