Credit to the private sector in Somalia in 2024 — 5.43%. Ranked 141 in the world out of 143. Since 1960, the indicator has risen by 3.01 pp.
1960–2024 · % of GDP
How the value compares with the world and the groups this territory belongs to: Somalia
| Year | % | Change, pp |
|---|---|---|
| 2024 | 5.43 | +0.36 pp |
| 2023 | 5.07 | +1.16 pp |
| 2022 | 3.91 | +0.51 pp |
| 2021 | 3.4 | +0.79 pp |
| 2020 | 2.61 | +0.21 pp |
| 2019 | 2.41 | +0.06 pp |
| 2018 | 2.35 | — |
| 1989 | 14.84 | +4.53 pp |
| 1988 | 10.31 | −0.67 pp |
| 1987 | 10.97 | +7.53 pp |
| 1986 | 3.45 | −1.16 pp |
| 1985 | 4.61 | −1.38 pp |
| 1984 | 5.99 | −0.54 pp |
| 1983 | 6.53 | +0.95 pp |
| 1982 | 5.58 | +2.97 pp |
| 1981 | 2.61 | +0.15 pp |
| 1980 | 2.46 | −2.55 pp |
| 1979 | 5 | +0.09 pp |
| 1978 | 4.92 | −0.53 pp |
| 1977 | 5.45 | −0.85 pp |
| 1976 | 6.31 | −4.5 pp |
| 1975 | 10.81 | −14.6 pp |
| 1974 | 25.41 | +4.91 pp |
| 1973 | 20.5 | +10.42 pp |
| 1972 | 10.09 | −0.17 pp |
| 1971 | 10.26 | −1.95 pp |
| 1970 | 12.21 | +1.3 pp |
| 1969 | 10.91 | +0.55 pp |
| 1968 | 10.36 | +0.8 pp |
| 1967 | 9.56 | −0.02 pp |
| 1966 | 9.58 | −0.38 pp |
| 1965 | 9.95 | +1.2 pp |
| 1964 | 8.75 | +3.23 pp |
| 1963 | 5.52 | +0.61 pp |
| 1962 | 4.92 | +1.85 pp |
| 1961 | 3.07 | +0.65 pp |
| 1960 | 2.42 | — |
The same indicator for neighboring countries — with links to their pages
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.
