Credit to the private sector — all countries

Credit to the private sector — Sub-Saharan Africa

Credit to the private sector in Sub-Saharan Africa in 2023 — 38.74%. Since 1965, the indicator has risen by 15.55 pp.

2023 38.74% +9.31 pp vs 2022
World rank
Period maximum 55.72%2007
Period minimum 10.1%1991

Trend over time

1965–2023 · % of GDP

Credit to the private sector — Sub-Saharan Africa, 1965–20230204060196519711977198319891995200120072013201920231965: 23.19%1966: 22.85%1967: 24.82%1968: 24.35%1969: 24.68%1970: 24.88%1971: 27.01%1972: 25.66%1973: 27.09%1974: 25.25%1975: 25.81%1976: 23.51%1977: 24.12%1978: 25.19%1979: 24.46%1980: 26.11%1981: 20.12%1982: 20.74%1983: 25.32%1984: 26.63%1985: 24.26%1986: 27.6%1987: 31.17%1988: 31.69%1989: 32.94%1990: 33.13%1991: 10.1%1992: 45.76%1993: 46.54%1994: 49.17%1995: 45.19%1996: 39.94%1997: 38.95%1998: 36.66%1999: 55.38%2000: 51.12%2001: 50.2%2002: 38.57%2003: 46.19%2004: 51.48%2005: 53.26%2006: 55.05%2007: 55.72%2008: 46.34%2009: 48.97%2010: 50.42%2011: 46.22%2012: 45.82%2013: 42.53%2014: 41.61%2015: 41.1%2016: 41.89%2017: 43.44%2018: 39.81%2019: 34.43%2020: 32.9%2021: 31.51%2022: 29.43%2023: 38.74%
Change over the period: +15.55 pp Annual average: 0.27 pp

Comparison, 2023

How the value compares with the world and the groups this territory belongs to: Sub-Saharan Africa

Sub-Saharan Africa 38.74%
World 135.97%
Credit to the private sector — Sub-Saharan Africa, by year Sub-Saharan Africa All countries CSV XLSX
Year % Change, pp
2023 38.74 +9.31 pp
2022 29.43 −2.08 pp
2021 31.51 −1.39 pp
2020 32.9 −1.53 pp
2019 34.43 −5.38 pp
2018 39.81 −3.63 pp
2017 43.44 +1.55 pp
2016 41.89 +0.79 pp
2015 41.1 −0.51 pp
2014 41.61 −0.92 pp
2013 42.53 −3.29 pp
2012 45.82 −0.39 pp
2011 46.22 −4.2 pp
2010 50.42 +1.45 pp
2009 48.97 +2.62 pp
2008 46.34 −9.37 pp
2007 55.72 +0.66 pp
2006 55.05 +1.8 pp
2005 53.26 +1.77 pp
2004 51.48 +5.29 pp
2003 46.19 +7.63 pp
2002 38.57 −11.63 pp
2001 50.2 −0.93 pp
2000 51.12 −4.26 pp
1999 55.38 +18.72 pp
1998 36.66 −2.29 pp
1997 38.95 −0.99 pp
1996 39.94 −5.25 pp
1995 45.19 −3.98 pp
1994 49.17 +2.63 pp
1993 46.54 +0.78 pp
1992 45.76 +35.66 pp
1991 10.1 −23.04 pp
1990 33.13 +0.19 pp
1989 32.94 +1.25 pp
1988 31.69 +0.52 pp
1987 31.17 +3.57 pp
1986 27.6 +3.34 pp
1985 24.26 −2.37 pp
1984 26.63 +1.32 pp
1983 25.32 +4.58 pp
1982 20.74 +0.61 pp
1981 20.12 −5.99 pp
1980 26.11 +1.65 pp
1979 24.46 −0.72 pp
1978 25.19 +1.06 pp
1977 24.12 +0.62 pp
1976 23.51 −2.3 pp
1975 25.81 +0.56 pp
1974 25.25 −1.84 pp
1973 27.09 +1.43 pp
1972 25.66 −1.35 pp
1971 27.01 +2.13 pp
1970 24.88 +0.2 pp
1969 24.68 +0.33 pp
1968 24.35 −0.47 pp
1967 24.82 +1.97 pp
1966 22.85 −0.35 pp
1965 23.19

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.