Monetary Sector credit to private sector in Sub-Saharan Africa
Sub-Saharan Africa: Monetary Sector credit to private sector was 22.9% in 2022. ▲ Rising
Monetary Sector credit to private sector in Sub-Saharan Africa, 1963–2022
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
Sub-Saharan Africa recorded 22.9% for monetary sector credit to private sector in 2022.
The figure is 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 peaked at 30.7% in 2009 and was at its lowest, 6.2%, in 1963.
Sub-Saharan Africa ranks 40th of 47 groups on this measure, 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, 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% | +4.6% |
| 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 | 27.4% | +3.2% |
| 1995 | 24.8% | -9.6% |
| 1996 | 22.8% | -7.9% |
| 1997 | 23.6% | +3.5% |
| 1998 | 23.5% | -0.4% |
| 1999 | 30.2% | +28.5% |
| 2000 | 28.4% | -6.0% |
| 2001 | 29.7% | +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 | 30.1% | +7.9% |
| 2008 | 28.8% | -4.5% |
| 2009 | 30.7% | +6.5% |
| 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% |
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% | 30.2% | 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
More financial sector data for Sub-Saharan Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1205 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.28 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1205 % change on previous year (2025)
Frequently asked questions
- What is monetary sector credit to private sector in Sub-Saharan Africa?
- Monetary sector credit to private sector in Sub-Saharan Africa 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?
- The highest recorded value was 30.7% in 2009.
- What is the lowest monetary sector credit to private sector recorded in Sub-Saharan Africa?
- The lowest recorded value was 6.2% in 1963.
- How does Sub-Saharan Africa rank for monetary sector credit to private sector?
- Sub-Saharan Africa ranks 40th out of 47 groups with data for 2022.
- Is monetary sector credit to private sector rising or falling in Sub-Saharan Africa?
- 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 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.