Monetary Sector credit to private sector in Sri Lanka
Sri Lanka: Monetary Sector credit to private sector was 47.0% in 2019. ▲ Rising
Monetary Sector credit to private sector in Sri Lanka, 1960–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2019, monetary sector credit to private sector in Sri Lanka stood at 47.0%. That is the highest value across all 60 years on record.
That represents a change of up 0.7% on the previous year and up 82.6% over ten years.
Over the whole period, monetary sector credit to private sector in Sri Lanka peaked at 47.0% in 2019 and was at its lowest, 7.2%, in 1962.
That places Sri Lanka 77th out of 186 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently rising across the 60 years of available data.
Monetary Sector credit to private sector in Sri Lanka, year by year
| Year | % 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
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 43.47 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0466 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 211.59 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 42.41 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 211.84 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 42.32 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 213.21 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 42.32 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 213.23 SDR per person (2024)
- Total reserves in months of imports, annual growth rate 20.22 % change on previous year (2024)
Frequently asked questions
- What is monetary sector credit to private sector in Sri Lanka?
- Monetary sector 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 monetary sector credit to private sector recorded in Sri Lanka?
- The highest recorded value was 47.0% in 2019.
- What is the lowest monetary sector credit to private sector recorded in Sri Lanka?
- The lowest recorded value was 7.2% in 1962.
- How does Sri Lanka rank for monetary sector credit to private sector?
- Sri Lanka ranks 77th out of 186 countries with data for 2019.
- Is monetary sector 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 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.