Credit to the private sector — all countries

Credit to the private sector — Eastern Africa

Credit to the private sector in Eastern Africa in 2024 — 19.05%. Since 1982, the indicator has risen by 12.74 pp.

2024 19.05% −2.22 pp vs 2023
World rank
Period maximum 25.38%2016
Period minimum 6.31%1982

Trend over time

1982–2024 · % of GDP

Credit to the private sector — Eastern Africa, 1982–202401020301982198719921997200220072012201720221982: 6.31%1983: 6.48%1984: 7.39%1985: 7.49%1986: 8.29%1987: 10.01%1988: 10.81%1989: 13.35%1990: 11.11%1991: 11.6%1992: 13.28%1993: 13.58%1994: 15.45%1995: 16.9%1996: 15.25%1997: 16.83%1998: 17.45%1999: 17.04%2000: 17.51%2001: 17.84%2002: 22.9%2003: 20.94%2004: 18.85%2005: 18.89%2006: 19.32%2007: 19.57%2008: 21.28%2009: 19.75%2010: 21.87%2011: 19.68%2012: 21.1%2013: 21.4%2014: 23.69%2015: 25.37%2016: 25.38%2017: 21.87%2018: 20.84%2019: 20.75%2020: 21.41%2021: 20.66%2022: 20.92%2023: 21.27%2024: 19.05%
Change over the period: +12.74 pp Annual average: 0.3 pp

Comparison, 2024

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

Eastern Africa 19.05%
World 140.32%
Credit to the private sector — Eastern Africa, by year Eastern Africa All countries CSV XLSX
Year % Change, pp
2024 19.05 −2.22 pp
2023 21.27 +0.35 pp
2022 20.92 +0.26 pp
2021 20.66 −0.75 pp
2020 21.41 +0.66 pp
2019 20.75 −0.09 pp
2018 20.84 −1.03 pp
2017 21.87 −3.51 pp
2016 25.38 +0.01 pp
2015 25.37 +1.68 pp
2014 23.69 +2.29 pp
2013 21.4 +0.3 pp
2012 21.1 +1.42 pp
2011 19.68 −2.18 pp
2010 21.87 +2.12 pp
2009 19.75 −1.54 pp
2008 21.28 +1.71 pp
2007 19.57 +0.25 pp
2006 19.32 +0.43 pp
2005 18.89 +0.05 pp
2004 18.85 −2.09 pp
2003 20.94 −1.96 pp
2002 22.9 +5.06 pp
2001 17.84 +0.33 pp
2000 17.51 +0.47 pp
1999 17.04 −0.42 pp
1998 17.45 +0.63 pp
1997 16.83 +1.57 pp
1996 15.25 −1.65 pp
1995 16.9 +1.44 pp
1994 15.45 +1.87 pp
1993 13.58 +0.3 pp
1992 13.28 +1.69 pp
1991 11.6 +0.48 pp
1990 11.11 −2.24 pp
1989 13.35 +2.54 pp
1988 10.81 +0.8 pp
1987 10.01 +1.73 pp
1986 8.29 +0.8 pp
1985 7.49 +0.1 pp
1984 7.39 +0.91 pp
1983 6.48 +0.17 pp
1982 6.31

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.