Private credit by deposit money banks to GDP in Sierra Leone
Sierra Leone: Private credit by deposit money banks to GDP was 6.8% in 2021. ▼ Falling
Private credit by deposit money banks to GDP in Sierra Leone, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks to gdp in Sierra Leone stood at 6.8%.
That represents a change of up 20.6% on the previous year and down 8.7% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Sierra Leone peaked at 7.6% in 2010 and was at its lowest, 1.5%, in 2001.
That places Sierra Leone 183rd out of 187 countries with data for 2021, putting it 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 to GDP 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 13.3%, 51% 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 to gdp in Sierra Leone?
- Private credit by deposit money banks to gdp 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 to gdp recorded in Sierra Leone?
- The highest recorded value was 7.6% in 2010.
- What is the lowest private credit by deposit money banks to gdp 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 to gdp?
- Sierra Leone ranks 183rd out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp 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 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).