Monetary Sector credit to private sector in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Monetary Sector credit to private sector was 22.9% in 2022. ▲ Rising
Monetary Sector credit to private sector in Sub-Saharan Africa (excluding high income), 1963–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2022, monetary sector credit to private sector in Sub-Saharan Africa (excluding high income) stood at 22.9%.
That represents a change of down 4.3% on the previous year and down 15.6% over ten years.
Over the whole period, monetary sector credit to private sector in Sub-Saharan Africa (excluding high income) peaked at 30.7% in 2009 and was at its lowest, 6.2%, in 1963.
That places Sub-Saharan Africa (excluding high income) 40th out of 47 groups with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 58 years of available data.
Monetary Sector credit to private sector in Sub-Saharan Africa (excluding high income), year by year
| Year | % GDP | Change |
|---|---|---|
| 1963 | 6.2% | — |
| 1965 | 17.3% | +178.8% |
| 1966 | 16.9% | -2.0% |
| 1967 | 18.3% | +8.0% |
| 1968 | 18.6% | +1.7% |
| 1969 | 18.8% | +0.9% |
| 1970 | 19.1% | +2.0% |
| 1971 | 20.6% | +7.8% |
| 1972 | 20.0% | -3.3% |
| 1973 | 21.4% | +7.4% |
| 1974 | 20.5% | -4.6% |
| 1975 | 21.4% | +4.8% |
| 1976 | 19.7% | -8.0% |
| 1977 | 20.3% | +2.9% |
| 1978 | 21.3% | +5.1% |
| 1979 | 20.8% | -2.6% |
| 1980 | 22.2% | +6.8% |
| 1981 | 17.2% | -22.3% |
| 1982 | 17.8% | +3.1% |
| 1983 | 21.0% | +18.1% |
| 1984 | 22.0% | +4.7% |
| 1985 | 19.6% | -10.8% |
| 1986 | 21.4% | +9.3% |
| 1987 | 23.8% | +11.2% |
| 1988 | 24.5% | +2.9% |
| 1989 | 24.7% | +0.9% |
| 1990 | 23.9% | -3.5% |
| 1992 | 28.4% | +18.9% |
| 1993 | 26.6% | -6.4% |
| 1994 | 27.5% | +3.2% |
| 1995 | 24.8% | -9.6% |
| 1996 | 22.8% | -7.9% |
| 1997 | 23.6% | +3.5% |
| 1998 | 23.5% | -0.4% |
| 1999 | 30.3% | +28.5% |
| 2000 | 28.4% | -6.0% |
| 2001 | 29.8% | +4.7% |
| 2002 | 22.6% | -24.0% |
| 2003 | 26.5% | +17.2% |
| 2004 | 27.5% | +3.8% |
| 2005 | 27.5% | -0.1% |
| 2006 | 27.9% | +1.6% |
| 2007 | 30.2% | +7.9% |
| 2008 | 28.8% | -4.6% |
| 2009 | 30.7% | +6.6% |
| 2010 | 29.0% | -5.4% |
| 2011 | 27.6% | -4.9% |
| 2012 | 27.1% | -1.6% |
| 2013 | 25.7% | -5.2% |
| 2014 | 25.7% | -0.1% |
| 2015 | 27.0% | +5.1% |
| 2016 | 27.6% | +2.3% |
| 2017 | 27.2% | -1.7% |
| 2018 | 25.9% | -4.7% |
| 2019 | 23.0% | -11.2% |
| 2020 | 23.7% | +3.1% |
| 2021 | 23.9% | +0.9% |
| 2022 | 22.9% | -4.3% |
Biggest year-on-year movements
Years where Monetary Sector credit to private sector in Sub-Saharan Africa (excluding high income) 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 |
|---|---|---|---|
| 1965 | +178.8% | 6.2% | 17.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.0% | 6.2% | 18.8% | 6 |
| 1970s | 20.5% | 19.1% | 21.4% | 10 |
| 1980s | 21.4% | 17.2% | 24.7% | 10 |
| 1990s | 25.7% | 22.8% | 30.3% | 9 |
| 2000s | 28.0% | 22.6% | 30.7% | 10 |
| 2010s | 26.6% | 23.0% | 29.0% | 10 |
| 2020s | 23.5% | 22.9% | 23.9% | 3 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Domestic credit to private sector by banks 24.7% (2023)
- Net migration -225,499 (2025)
- Net migration, annual growth rate 66.97 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Domestic credit to private sector 29.4% (2022)
- Claims on central government, etc. 12.2% (2022)
- Broad money 38.6% (2023)
- Total reserves in months of imports 6.46 (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, annual growth rate 20.02 % change on previous year (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Sub-Saharan Africa (excluding high income)?
- Monetary sector credit to private sector in Sub-Saharan Africa (excluding high income) was 22.9% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 30.7% in 2009.
- What is the lowest monetary sector credit to private sector recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 6.2% in 1963.
- How does Sub-Saharan Africa (excluding high income) rank for monetary sector credit to private sector?
- Sub-Saharan Africa (excluding high income) ranks 40th out of 47 groups with data for 2022.
- Is monetary sector credit to private sector rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is down 15.6%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) 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.
Download this data
CSV · JSON — 58 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.