Private credit by deposit money banks and other financial in South Africa
South Africa: Private credit by deposit money banks and other financial was 57.7% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in South Africa, 1961–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in South Africa stood at 57.7%.
The figure is down 48.1% on the previous year and down 51.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in South Africa peaked at 139.6% in 2007 and was at its lowest, 15.3%, in 1961.
That places South Africa 74th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Private credit by deposit money banks and other financial in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1961 | 15.3% | — |
| 1962 | 15.8% | +3.0% |
| 1963 | 15.9% | +0.9% |
| 1964 | 16.5% | +3.7% |
| 1965 | 58.6% | +255.7% |
| 1966 | 57.3% | -2.2% |
| 1967 | 56.8% | -1.0% |
| 1968 | 54.6% | -3.8% |
| 1969 | 56.0% | +2.6% |
| 1970 | 57.6% | +2.8% |
| 1971 | 58.0% | +0.8% |
| 1972 | 57.2% | -1.5% |
| 1973 | 57.9% | +1.2% |
| 1974 | 55.0% | -5.0% |
| 1975 | 56.6% | +3.0% |
| 1976 | 54.7% | -3.5% |
| 1977 | 53.8% | -1.5% |
| 1978 | 53.3% | -1.0% |
| 1979 | 51.7% | -3.1% |
| 1980 | 49.5% | -4.2% |
| 1981 | 53.5% | +8.1% |
| 1982 | 54.8% | +2.3% |
| 1983 | 58.0% | +5.9% |
| 1984 | 61.1% | +5.4% |
| 1985 | 64.5% | +5.6% |
| 1986 | 64.5% | -0.0% |
| 1987 | 64.6% | +0.1% |
| 1988 | 66.0% | +2.1% |
| 1989 | 68.4% | +3.6% |
| 1990 | 71.4% | +4.4% |
| 1991 | 41.1% | -42.5% |
| 1992 | 90.4% | +120.1% |
| 1993 | 95.2% | +5.3% |
| 1994 | 100.3% | +5.3% |
| 1995 | 104.5% | +4.2% |
| 1996 | 105.3% | +0.7% |
| 1997 | 102.0% | -3.0% |
| 1998 | 103.6% | +1.6% |
| 1999 | 118.1% | +14.0% |
| 2000 | 117.0% | -0.9% |
| 2001 | 124.7% | +6.6% |
| 2002 | 98.9% | -20.7% |
| 2003 | 101.5% | +2.6% |
| 2004 | 110.1% | +8.5% |
| 2005 | 118.6% | +7.7% |
| 2006 | 135.0% | +13.8% |
| 2007 | 139.6% | +3.5% |
| 2008 | 126.9% | -9.1% |
| 2009 | 121.1% | -4.6% |
| 2010 | 124.5% | +2.8% |
| 2011 | 119.2% | -4.3% |
| 2012 | 125.5% | +5.2% |
| 2013 | 127.4% | +1.5% |
| 2014 | 129.2% | +1.4% |
| 2015 | 127.5% | -1.3% |
| 2016 | 124.6% | -2.3% |
| 2017 | 127.2% | +2.1% |
| 2018 | 118.8% | -6.6% |
| 2019 | 118.0% | -0.7% |
| 2020 | 111.3% | -5.7% |
| 2021 | 57.7% | -48.1% |
South Africa compared with similar countries
- South Africa's 57.7% is above the median for upper middle income countries, which is 50.2%, 1.1× the median. (55 countries reporting)
- South Africa's 57.7% is above the median for Sub-Saharan Africa, which is 15.4%, 3.8× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in South Africa 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 | +255.7% | 16.5% | 58.6% |
| 1992 | +120.1% | 41.1% | 90.4% |
| 2021 | -48.1% | 111.3% | 57.7% |
| 1991 | -42.5% | 71.4% | 41.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 38.5% | 15.3% | 58.6% | 9 |
| 1970s | 55.6% | 51.7% | 58.0% | 10 |
| 1980s | 60.5% | 49.5% | 68.4% | 10 |
| 1990s | 93.2% | 41.1% | 118.1% | 10 |
| 2000s | 119.4% | 98.9% | 139.6% | 10 |
| 2010s | 124.2% | 118.0% | 129.2% | 10 |
| 2020s | 84.5% | 57.7% | 111.3% | 2 |
Countries ranked near South Africa
More financial sector data for South Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 13.81 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.0607 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 10.08 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 13.81 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.0607 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in South Africa?
- Private credit by deposit money banks and other financial in South Africa was 57.7% 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 South Africa?
- The highest recorded value was 139.6% in 2007.
- What is the lowest private credit by deposit money banks and other financial recorded in South Africa?
- The lowest recorded value was 15.3% in 1961.
- How does South Africa rank for private credit by deposit money banks and other financial?
- South Africa ranks 74th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in South Africa?
- Over the last ten years it is down 51.6%. The long-run trend across the full record is rising.
- Where does this South Africa 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
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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)