Private credit by deposit money banks and other financial in Sierra Leone
Sierra Leone: Private credit by deposit money banks and other financial was 6.8% in 2021. ▼ Falling
Private credit by deposit money banks and other financial in Sierra Leone, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Sierra Leone recorded 6.8% for private credit by deposit money banks and other financial in 2021.
The figure is up 20.6% on the previous year and down 8.7% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Sierra Leone peaked at 7.6% in 2010 and was at its lowest, 1.5%, in 2001.
Sierra Leone ranks 183rd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 62 years of available data.
Private credit by deposit money banks and other financial in Sierra Leone, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 2.8% | — |
| 1961 | 3.5% | +26.3% |
| 1962 | 4.8% | +36.0% |
| 1963 | 6.6% | +37.9% |
| 1964 | 6.7% | +2.7% |
| 1965 | 5.9% | -12.1% |
| 1966 | 5.5% | -6.4% |
| 1967 | 5.9% | +6.4% |
| 1968 | 5.2% | -11.6% |
| 1969 | 4.7% | -10.4% |
| 1970 | 5.3% | +14.0% |
| 1971 | 5.6% | +5.5% |
| 1972 | 5.8% | +3.3% |
| 1973 | 6.0% | +3.4% |
| 1974 | 6.3% | +5.2% |
| 1975 | 6.4% | +1.9% |
| 1976 | 6.6% | +1.8% |
| 1977 | 5.9% | -10.6% |
| 1978 | 6.2% | +6.2% |
| 1979 | 5.8% | -6.8% |
| 1980 | 7.1% | +23.2% |
| 1981 | 7.4% | +3.6% |
| 1982 | 6.9% | -7.1% |
| 1983 | 6.9% | -0.0% |
| 1984 | 3.9% | -42.5% |
| 1985 | 3.0% | -22.8% |
| 1986 | 4.7% | +53.9% |
| 1987 | 2.7% | -42.6% |
| 1988 | 3.2% | +19.6% |
| 1989 | 4.6% | +44.2% |
| 1990 | 3.1% | -32.3% |
| 1991 | 3.5% | +10.6% |
| 1992 | 3.0% | -13.1% |
| 1993 | 3.4% | +12.7% |
| 1994 | 3.1% | -9.0% |
| 1995 | 2.6% | -15.2% |
| 1996 | 2.4% | -9.1% |
| 1997 | 2.9% | +23.0% |
| 1998 | 2.6% | -12.9% |
| 1999 | 2.0% | -21.6% |
| 2000 | 2.0% | +1.3% |
| 2001 | 1.5% | -25.1% |
| 2002 | 1.9% | +26.2% |
| 2003 | 2.8% | +46.2% |
| 2004 | 3.4% | +21.3% |
| 2005 | 3.2% | -5.2% |
| 2006 | 3.3% | +3.4% |
| 2007 | 4.0% | +21.2% |
| 2008 | 5.4% | +34.4% |
| 2009 | 7.2% | +31.4% |
| 2010 | 7.6% | +6.8% |
| 2011 | 7.5% | -2.2% |
| 2012 | 6.1% | -17.7% |
| 2013 | 4.7% | -23.3% |
| 2014 | 4.8% | +2.7% |
| 2015 | 5.2% | +7.7% |
| 2016 | 5.4% | +4.3% |
| 2017 | 5.0% | -8.2% |
| 2018 | 5.6% | +11.6% |
| 2019 | 6.0% | +7.8% |
| 2020 | 5.7% | -5.7% |
| 2021 | 6.8% | +20.6% |
Sierra Leone compared with similar countries
- Sierra Leone's 6.8% is below the median for low income countries, which is 13.8%, 49% of the median. (23 countries reporting)
- Sierra Leone's 6.8% is below the median for Sub-Saharan Africa, which is 15.4%, 44% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.2% | 2.8% | 6.7% | 10 |
| 1970s | 6.0% | 5.3% | 6.6% | 10 |
| 1980s | 5.1% | 2.7% | 7.4% | 10 |
| 1990s | 2.9% | 2.0% | 3.5% | 10 |
| 2000s | 3.5% | 1.5% | 7.2% | 10 |
| 2010s | 5.8% | 4.7% | 7.6% | 10 |
| 2020s | 6.2% | 5.7% | 6.8% | 2 |
Countries ranked near Sierra Leone
More financial sector data for Sierra Leone
- 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 (2025)
- Reserve position in the IMF, US dollar, per capita 0.0037 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 (2025)
- Reserve position in the IMF, SDR, per capita 0.0027 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 (2025)
- Reserve tranche position, US dollar, per capita 0.0037 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 Sierra Leone?
- Private credit by deposit money banks and other financial in Sierra Leone was 6.8% in 2021, 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 Sierra Leone?
- The highest recorded value was 7.6% in 2010.
- What is the lowest private credit by deposit money banks and other financial recorded in Sierra Leone?
- The lowest recorded value was 1.5% in 2001.
- How does Sierra Leone rank for private credit by deposit money banks and other financial?
- Sierra Leone ranks 183rd out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Sierra Leone?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is falling.
- Where does this Sierra Leone 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.
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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)