Credit to the private sector — all countries

Credit to the private sector — Eritrea

Credit to the private sector in Eritrea in 2014 — 53.24%. Ranked 67 in the world out of 174. Since 1995, the indicator has risen by 36.15 pp.

2014 53.24% +19.25 pp vs 2013
World rank 67of 174
Period maximum 53.24%2014
Period minimum 16.16%2012

Trend over time

1995–2014 · % of GDP

Credit to the private sector — Eritrea, 1995–20140204060199519971999200120032005200720092011201320141995: 17.1%1996: 34.65%1997: 35.21%1998: 46.48%1999: 33.29%2000: 29.19%2001: 29.03%2002: 28.61%2003: 30.21%2004: 26.94%2005: 27.56%2006: 25.99%2007: 20.74%2008: 22.06%2009: 16.77%2010: 21.28%2011: 17.56%2012: 16.16%2013: 33.99%2014: 53.24%
Change over the period: +36.15 pp Annual average: 1.9 pp

Comparison, 2014

How the value compares with the world and the groups this territory belongs to: Eritrea

Eritrea 53.24%
World 118.81%
Eastern Africa computed 23.69%
Low-income countries computed 11.29%
Credit to the private sector — Eritrea, by year Eritrea All countries CSV XLSX
Year % Change, pp
2014 53.24 +19.25 pp
2013 33.99 +17.83 pp
2012 16.16 −1.4 pp
2011 17.56 −3.72 pp
2010 21.28 +4.51 pp
2009 16.77 −5.29 pp
2008 22.06 +1.33 pp
2007 20.74 −5.25 pp
2006 25.99 −1.57 pp
2005 27.56 +0.62 pp
2004 26.94 −3.27 pp
2003 30.21 +1.6 pp
2002 28.61 −0.42 pp
2001 29.03 −0.16 pp
2000 29.19 −4.09 pp
1999 33.29 −13.19 pp
1998 46.48 +11.27 pp
1997 35.21 +0.56 pp
1996 34.65 +17.55 pp
1995 17.1

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Source: World Economic Outlook (IMF), license IMF open data.