Private Sector Credit

Africa Ranking

billion currency unitsSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Nigeria58600.59-2023152812.46
2Tanzania29795.56-2023228534.8
3Uganda22010.056-2023321948.69
4Madagascar10953.963-202349979.74
5Ivory Coast101016-202359707.1
6Zimbabwe8503.616-2023171688.03
7Algeria5650.512-202165530.2
8Senegal5439.16-202375514.5
9Cameroon4372.397-202394042.04
10South Africa4188.456-202384168.06
11Burkina Faso3658.56-2023113571.3
12Kenya3633.15-2023103613.5
13Mali3536.76-2023123424
14Burundi2933.635-2023132644.26
15Sierra Leone2799.764-2023152447.32
16Egypt2473.064-2023142454.71
17Benin19796-2023161907.4
18Gabon1612.817-2023181497.16
19Togo13926-2023191450.9
20Republic of the Congo1163.777-2023201269.52
21Niger11536-2023211145
22Malawi1106.96-2023231009.6
23Sao Tome and Principe1066.854-2023221070.87
24Equatorial Guinea902.317-202324877.52
25Morocco828.479-202325830.22
26Chad818.857-202326770.59
27Mauritius468.946-202327453.97
28Mozambique260.681-202228265.34
29Djibouti180.0112-202129186.18
30Central African Republic179.977-202330184.35
31Guinea-Bissau177.46-202331166.7
32Cape Verde130.976-202332127.74
33Namibia106.848-202333106.29
34Liberia99.654-20233589.07
35Comoros97.7212-20223499.13
36Ghana73.136-20233672.36
37Botswana72.779-20223771.16
38Zambia60.998-20233854.89
39Libya20.19-20234015.83
40Swaziland17.126-20233916.6
41Lesotho8.3612-2022418.47
42Seychelles7.556-2023427.4
43Gambia5.714-2019435.67

Definition of Private Sector Credit

Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

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