Private credit by deposit money banks and other financial in Eritrea
Eritrea: Private credit by deposit money banks and other financial was 18.6% in 2014. ▼ Falling
Private credit by deposit money banks and other financial in Eritrea, 1995–2014
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2014, private credit by deposit money banks and other financial in Eritrea stood at 18.6%.
The figure is down 20.2% on the previous year and down 43.8% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Eritrea peaked at 53.7% in 1998 and was at its lowest, 17.2%, in 2011.
That places Eritrea 150th out of 187 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Private credit by deposit money banks and other financial in Eritrea, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 19.4% | — |
| 1996 | 39.9% | +105.3% |
| 1997 | 39.6% | -0.6% |
| 1998 | 53.7% | +35.6% |
| 1999 | 35.4% | -34.0% |
| 2000 | 34.7% | -2.2% |
| 2001 | 35.7% | +3.1% |
| 2002 | 34.2% | -4.2% |
| 2003 | 35.7% | +4.5% |
| 2004 | 33.0% | -7.6% |
| 2005 | 33.7% | +2.0% |
| 2006 | 32.4% | -3.7% |
| 2007 | 26.1% | -19.5% |
| 2008 | 32.2% | +23.3% |
| 2009 | 23.2% | -27.9% |
| 2010 | 19.3% | -16.9% |
| 2011 | 17.2% | -10.8% |
| 2012 | 18.9% | +9.5% |
| 2013 | 23.3% | +23.3% |
| 2014 | 18.6% | -20.2% |
Eritrea compared with similar countries
- Eritrea's 18.6% is above the median for low income countries, which is 13.8%, 1.3× the median. (23 countries reporting)
- Eritrea's 18.6% is above the median for Sub-Saharan Africa, which is 15.4%, 1.2× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Eritrea 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 |
|---|---|---|---|
| 1996 | +105.3% | 19.4% | 39.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.6% | 19.4% | 53.7% | 5 |
| 2000s | 32.1% | 23.2% | 35.7% | 10 |
| 2010s | 19.4% | 17.2% | 23.3% | 5 |
Countries ranked near Eritrea
- 147 Papua New Guinea 19.1% compare
- 148 Sao Tome and Principe 18.8% compare
- 149 Djibouti 18.7% compare
- 151 Ethiopia 18.0% compare
- 152 Ukraine 17.6% compare
- 153 Madagascar 17.4% compare
More financial sector data for Eritrea
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve position in the IMF, US dollar, per capita 0.0019 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve position in the IMF, SDR, per capita 0.0014 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2011)
- Reserve tranche position, US dollar, per capita 0.0019 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Eritrea?
- Private credit by deposit money banks and other financial in Eritrea was 18.6% in 2014, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Eritrea?
- The highest recorded value was 53.7% in 1998.
- What is the lowest private credit by deposit money banks and other financial recorded in Eritrea?
- The lowest recorded value was 17.2% in 2011.
- How does Eritrea rank for private credit by deposit money banks and other financial?
- Eritrea ranks 150th out of 187 countries with data for 2014.
- Is private credit by deposit money banks and other financial rising or falling in Eritrea?
- Over the last ten years it is down 43.8%. The long-run trend across the full record is falling.
- Where does this Eritrea data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)