Private credit by deposit money banks to GDP in Seychelles
Seychelles: Private credit by deposit money banks to GDP was 39.0% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in Seychelles, 1971–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Seychelles recorded 39.0% for private credit by deposit money banks to gdp in 2021.
The figure is down 21.0% on the previous year and up 67.5% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Seychelles peaked at 49.4% in 2020 and was at its lowest, 6.6%, in 1988.
Seychelles ranks 102nd of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 51 years of available data.
Private credit by deposit money banks to GDP in Seychelles, year by year
| Year | % | Change |
|---|---|---|
| 1971 | 15.8% | — |
| 1972 | 20.6% | +30.6% |
| 1973 | 24.0% | +16.3% |
| 1974 | 20.6% | -14.0% |
| 1975 | 19.0% | -7.7% |
| 1976 | 22.8% | +20.1% |
| 1977 | 23.7% | +3.9% |
| 1978 | 23.0% | -2.8% |
| 1979 | 19.3% | -16.3% |
| 1980 | 17.0% | -11.9% |
| 1981 | 16.0% | -5.6% |
| 1982 | 14.9% | -7.1% |
| 1983 | 14.0% | -6.2% |
| 1984 | 11.5% | -18.1% |
| 1985 | 8.9% | -22.2% |
| 1986 | 7.3% | -17.5% |
| 1987 | 6.6% | -9.8% |
| 1988 | 6.6% | -0.5% |
| 1989 | 7.7% | +16.3% |
| 1990 | 7.3% | -5.2% |
| 1991 | 7.9% | +8.9% |
| 1992 | 7.5% | -5.1% |
| 1993 | 7.5% | +0.1% |
| 1994 | 9.3% | +23.2% |
| 1995 | 11.4% | +22.8% |
| 1996 | 12.6% | +10.7% |
| 1997 | 13.7% | +8.8% |
| 1998 | 14.4% | +4.9% |
| 1999 | 15.1% | +5.3% |
| 2000 | 16.6% | +9.4% |
| 2001 | 18.0% | +8.8% |
| 2002 | 20.3% | +12.6% |
| 2003 | 26.1% | +28.6% |
| 2004 | 25.2% | -3.2% |
| 2005 | 24.8% | -1.8% |
| 2006 | 22.8% | -8.2% |
| 2007 | 24.8% | +8.9% |
| 2008 | 30.0% | +20.9% |
| 2009 | 20.1% | -33.1% |
| 2010 | 24.4% | +21.8% |
| 2011 | 23.3% | -4.8% |
| 2012 | 21.4% | -7.9% |
| 2013 | 21.3% | -0.7% |
| 2014 | 25.2% | +18.1% |
| 2015 | 25.3% | +0.6% |
| 2016 | 27.0% | +6.5% |
| 2017 | 28.9% | +7.2% |
| 2018 | 31.3% | +8.3% |
| 2019 | 37.1% | +18.4% |
| 2020 | 49.4% | +33.2% |
| 2021 | 39.0% | -21.0% |
Seychelles compared with similar countries
- Seychelles's 39.0% is below the median for high income countries, which is 79.1%, 49% of the median. (62 countries reporting)
- Seychelles's 39.0% is above the median for Sub-Saharan Africa, which is 15.4%, 2.5× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.0% | 15.8% | 24.0% | 9 |
| 1980s | 11.1% | 6.6% | 17.0% | 10 |
| 1990s | 10.7% | 7.3% | 15.1% | 10 |
| 2000s | 22.9% | 16.6% | 30.0% | 10 |
| 2010s | 26.5% | 21.3% | 37.1% | 10 |
| 2020s | 44.2% | 39.0% | 49.4% | 2 |
Countries ranked near Seychelles
- 99 Serbia 43.4% compare
- 100 Slovenia 41.1% compare
- 101 Venezuela, Bolivarian Republic of 39.5% compare
- 103 Bangladesh 39.0% compare
- 104 Tonga 38.8% compare
- 105 Brunei Darussalam 38.8% compare
More financial sector data for Seychelles
- 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 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 39.96 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 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 29.18 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 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 39.96 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 to gdp in Seychelles?
- Private credit by deposit money banks to gdp in Seychelles was 39.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Seychelles?
- The highest recorded value was 49.4% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Seychelles?
- The lowest recorded value was 6.6% in 1988.
- How does Seychelles rank for private credit by deposit money banks to gdp?
- Seychelles ranks 102nd out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Seychelles?
- Over the last ten years it is up 67.5%. The long-run trend across the full record is rising.
- Where does this Seychelles 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 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 (IFS line 22d); 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).