Private credit by deposit money banks and other financial in Zambia
Zambia: Private credit by deposit money banks and other financial was 8.9% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Zambia, 2009–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Zambia is 8.9%, measured in 2021. That is the lowest value across all 13 years on record.
That represents a change of down 37.7% on the previous year and down 35.2% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Zambia peaked at 19.7% in 2015 and was at its lowest, 8.9%, in 2021.
That places Zambia 176th out of 187 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Private credit by deposit money banks and other financial in Zambia, year by year
| Year | % | Change |
|---|---|---|
| 2009 | 10.0% | — |
| 2010 | 9.1% | -8.1% |
| 2011 | 13.7% | +49.3% |
| 2012 | 15.8% | +15.9% |
| 2013 | 15.8% | -0.3% |
| 2014 | 17.0% | +8.0% |
| 2015 | 19.7% | +15.5% |
| 2016 | 15.4% | -21.8% |
| 2017 | 14.9% | -3.4% |
| 2018 | 14.9% | +0.5% |
| 2019 | 15.6% | +4.4% |
| 2020 | 14.2% | -8.9% |
| 2021 | 8.9% | -37.7% |
Zambia compared with similar countries
- Zambia's 8.9% is below the median for lower middle income countries, which is 24.6%, 36% of the median. (46 countries reporting)
- Zambia's 8.9% is below the median for Sub-Saharan Africa, which is 15.4%, 58% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.0% | 10.0% | 10.0% | 1 |
| 2010s | 15.2% | 9.1% | 19.7% | 10 |
| 2020s | 11.5% | 8.9% | 14.2% | 2 |
Countries ranked near Zambia
More financial sector data for Zambia
- Net domestic credit (current LCU), per capita 7,869 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 5.97 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.4 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2020)
- Gold reserves at market value 0 SDR (2020)
- Reserves excluding gold, foreign exchange 1.08 billion SDR (2024)
- Reserves excluding gold 3.14 billion SDR (2024)
- Total reserves (gold at market value) 3.14 billion SDR (2024)
- Total reserves (gold at national valuation) 3.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 147.13 SDR per person (2024)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Zambia?
- Private credit by deposit money banks and other financial in Zambia was 8.9% 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 Zambia?
- The highest recorded value was 19.7% in 2015.
- What is the lowest private credit by deposit money banks and other financial recorded in Zambia?
- The lowest recorded value was 8.9% in 2021.
- How does Zambia rank for private credit by deposit money banks and other financial?
- Zambia ranks 176th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Zambia?
- Over the last ten years it is down 35.2%. The long-run trend across the full record is rising.
- Where does this Zambia 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)