Private credit by deposit money banks to GDP in South Africa
South Africa: Private credit by deposit money banks to GDP was 57.7% in 2021. ▲ Rising
Private credit by deposit money banks to GDP in South Africa, 1965–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks to gdp in South Africa is 57.7%, measured in 2021.
The figure is down 6.9% on the previous year and down 6.0% over ten years.
Over the whole period, private credit by deposit money banks to gdp in South Africa peaked at 70.4% in 2007 and was at its lowest, 38.5%, in 1980.
That places South Africa 69th 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 56 years of available data.
Private credit by deposit money banks to GDP in South Africa, year by year
| Year | % | Change |
|---|---|---|
| 1965 | 41.5% | — |
| 1966 | 40.0% | -3.7% |
| 1967 | 39.5% | -1.2% |
| 1968 | 40.1% | +1.4% |
| 1969 | 41.1% | +2.5% |
| 1970 | 42.4% | +3.3% |
| 1971 | 42.4% | -0.0% |
| 1972 | 42.3% | -0.4% |
| 1973 | 44.1% | +4.2% |
| 1974 | 42.3% | -3.9% |
| 1975 | 44.2% | +4.4% |
| 1976 | 42.7% | -3.4% |
| 1977 | 41.8% | -2.2% |
| 1978 | 41.3% | -1.0% |
| 1979 | 40.2% | -2.8% |
| 1980 | 38.5% | -4.1% |
| 1981 | 42.1% | +9.3% |
| 1982 | 43.1% | +2.4% |
| 1983 | 44.8% | +4.0% |
| 1984 | 47.8% | +6.6% |
| 1985 | 48.1% | +0.7% |
| 1986 | 45.0% | -6.5% |
| 1987 | 44.1% | -1.9% |
| 1988 | 46.8% | +6.0% |
| 1989 | 46.7% | -0.2% |
| 1990 | 46.6% | -0.3% |
| 1992 | 50.6% | +8.6% |
| 1993 | 49.0% | -3.1% |
| 1994 | 51.0% | +4.2% |
| 1995 | 52.0% | +2.0% |
| 1996 | 54.2% | +4.2% |
| 1997 | 55.9% | +3.0% |
| 1998 | 59.8% | +7.2% |
| 1999 | 59.8% | -0.2% |
| 2000 | 60.5% | +1.3% |
| 2001 | 66.8% | +10.4% |
| 2002 | 50.1% | -24.9% |
| 2003 | 54.1% | +7.8% |
| 2004 | 55.9% | +3.3% |
| 2005 | 58.8% | +5.3% |
| 2006 | 65.8% | +11.9% |
| 2007 | 70.4% | +6.9% |
| 2008 | 69.6% | -1.2% |
| 2009 | 66.9% | -3.8% |
| 2010 | 63.3% | -5.5% |
| 2011 | 61.4% | -2.9% |
| 2012 | 62.6% | +1.9% |
| 2013 | 61.6% | -1.7% |
| 2014 | 61.7% | +0.3% |
| 2015 | 62.5% | +1.3% |
| 2016 | 61.0% | -2.4% |
| 2017 | 60.1% | -1.5% |
| 2018 | 59.9% | -0.3% |
| 2019 | 60.3% | +0.7% |
| 2020 | 62.0% | +2.7% |
| 2021 | 57.7% | -6.9% |
South Africa compared with similar countries
- South Africa's 57.7% is above the median for upper middle income countries, which is 49.7%, 1.2× 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)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 40.4% | 39.5% | 41.5% | 5 |
| 1970s | 42.4% | 40.2% | 44.2% | 10 |
| 1980s | 44.7% | 38.5% | 48.1% | 10 |
| 1990s | 53.2% | 46.6% | 59.8% | 9 |
| 2000s | 61.9% | 50.1% | 70.4% | 10 |
| 2010s | 61.4% | 59.9% | 63.3% | 10 |
| 2020s | 59.9% | 57.7% | 62.0% | 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 to gdp in South Africa?
- Private credit by deposit money banks to gdp 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 to gdp recorded in South Africa?
- The highest recorded value was 70.4% in 2007.
- What is the lowest private credit by deposit money banks to gdp recorded in South Africa?
- The lowest recorded value was 38.5% in 1980.
- How does South Africa rank for private credit by deposit money banks to gdp?
- South Africa ranks 69th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in South Africa?
- Over the last ten years it is down 6.0%. 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 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).