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Economy · Africa ranking

Credit to Private Sector (% of GDP) by African country

89.4%South Africa · highest shown · 2024

South Africa has the highest reported domestic credit to the private sector as a share of GDP among the 43 countries shown, at 89.4% (2024).

Credit to the private sector by financial corporations as a share of GDP — a measure of financial depth. 43 of 54 countries are shown. Open a country to see its source details and available history.

Latest available year varies by country (20232025). Only observations within 2 years of the freshest result are included, and each row shows its period.

#1 vs #4328×South Africa vs South Sudan
Median18.3%Mozambique
Lowest3.2%South Sudan

By region

unweighted mean of countries shown
North Africa38.7%
5 countries shown · highest value: Morocco
Southern Africa35.5%
7 countries shown · highest value: South Africa
East Africa22.1%
13 countries shown · highest value: Mauritius
West Africa19%
13 countries shown · highest value: Cabo Verde
Central Africa9.1%
5 countries shown · highest value: Republic of the Congo

Full ranking

43 of 54 countries
#CountryCredit to Private Sector (% of GDP)Period
1South Africa
89.4%2024
2Morocco
77.8%2024
3Mauritius
72%2025
4Tunisia
57.7%2025
5Namibia
55.1%2024
6Cabo Verde
54%2025
7Burundi
38.5%2025
8Botswana
33.2%2025
9Kenya
31.8%2023
10Senegal
30.9%2025
11Egypt
25.8%2025
12Djibouti
25.2%2025
13Lesotho
24.3%2024
14Eswatini
23.1%2025
15Togo
23%2025
16Burkina Faso
22.7%2025
17Cote d'Ivoire
22.7%2025
18Rwanda
22.1%2025
19Mali
20.4%2025
20Benin
19.8%2025
21Algeria
19.6%2025
22Mozambique
18.3%2025
23Zambia
17%2024
24Tanzania
16.7%2024
25Madagascar
16.5%2024
26Comoros
15.3%2024
27Uganda
14.3%2024
28Republic of the Congo
13.8%2023
29Libya
12.5%2025
30Democratic Republic of the Congo
11.3%2023
31Guinea
10.6%2025
32Guinea-Bissau
10%2025
33Niger
9.6%2025
34Gambia
9.4%2024
35Ghana
8.9%2024
36Malawi
7.9%2024
37Sao Tome and Principe
7.8%2023
38Angola
6.6%2025
39Zimbabwe
6.5%2023
40Equatorial Guinea
5.8%2023
41Sierra Leone
5.5%2025
42Somalia
5.4%2024
43South Sudan
3.2%2025

Get this ranking via API

GET /v1/data

Request the latest available Credit to Private Sector (% of GDP) values for the selected countries as JSON. The response includes source metadata; check reporting periods before comparing values.

curl "https://api.africa-api.com/v1/data?metric_key=domestic_credit_private_sector_pct_gdp&latest=true&country_codes=NG,KE,ZA,EG" \
  -H "Authorization: Bearer $AFRICA_API_KEY"

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<iframe src="https://africa-api.com/embed/private-credit" width="100%" height="560" loading="lazy" style="border:1px solid #e3e3e3;border-radius:10px;max-width:640px" title="Credit to Private Sector (% of GDP) by African country — Africa API"></iframe>
<p style="font:13px/1.5 system-ui,sans-serif;margin:.5rem 0"><a href="https://africa-api.com/data/private-credit">Credit to Private Sector (% of GDP) by African country — Africa API</a></p>

About this ranking

Which observations are included?

The table includes 43 of 54 countries with available observations for 2023 or later and within 2 years of the freshest result. Each row shows its reporting period. Countries without an eligible observation are omitted.

Does a higher value mean a better result?

The table is sorted by value, from highest to lowest. The order does not rate a country's performance. Interpretation depends on the indicator and its definition.

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