Africa Private Credit (% GDP) Ranking (2024)
In 2023, private credit (% GDP) in Africa was highest in South Africa at 90.55%, followed by Morocco at 81.41% and Mauritius at 69.80%. The average private credit (% GDP) across countries in Africa was 22.65%, the median was 16.64%, and Somalia recorded the lowest private credit (% GDP) at 0%, according to the World Bank.
Data is available for the period 1960 to 2024 across 51 countries in Africa.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 90.55% | 91.72% | 2023 | |
| 2 | 81.41% | 87.73% | 2023 | |
| 3 | 69.8% | 69.75% | 2024 | |
| 4 | 61.02% | 68.85% | 2022 | |
| 5 | 58.25% | 62.74% | 2024 | |
| 6 | 55.56% | 57.92% | 2023 | |
| 7 | 48.77% | 42.23% | 2023 | |
| 8 | 32.93% | 30.06% | 2024 | |
| 9 | 31.64% | 31.26% | 2023 | |
| 10 | 29.72% | 31.45% | 2024 | |
| 11 | 27.57% | 29.26% | 2024 | |
| 12 | 27.2% | 27.88% | 2024 | |
| 13 | 27.01% | 31.58% | 2024 | |
| 14 | 25.58% | 24.87% | 2024 | |
| 15 | 23.47% | 21.72% | 2024 | |
| 16 | 22.72% | 22.04% | 2019 | |
| 17 | 22.67% | 22.22% | 2024 | |
| 18 | 22.61% | 22.35% | 2024 | |
| 19 | 22.59% | 23.38% | 2024 | |
| 20 | 21.48% | 21.39% | 2024 | |
| 21 | 19.45% | 18.87% | 2024 | |
| 22 | 18.98% | 18.61% | 2024 | |
| 23 | 17.86% | 18.49% | 2024 | |
| 24 | 17.01% | 16.3% | 2023 | |
| 25 | 16.75% | 16.39% | 2024 | |
| 26 | 16.64% | 17.11% | 2024 | |
| 27 | 14.79% | 12.9% | 2022 | |
| 28 | 14.37% | 14.81% | 2024 | |
| 29 | 14.09% | 14.68% | 2019 | |
| 30 | 13.79% | 12.77% | 2023 | |
| 31 | 13.56% | 11.93% | 2024 | |
| 32 | 13.38% | 13.08% | 2019 | |
| 33 | 13.04% | 11.79% | 2022 | |
| 34 | 12.98% | 11.36% | 2022 | |
| 35 | 12.96% | 13.45% | 2022 | |
| 36 | 11.76% | 9.14% | 2023 | |
| 37 | 11.12% | 12.58% | 2024 | |
| 38 | 10.38% | 11.06% | 2024 | |
| 39 | 9.45% | 13.29% | 2023 | |
| 40 | 9.14% | 9.55% | 2024 | |
| 41 | 9.09% | 10.02% | 2021 | |
| 42 | 8.67% | 9.62% | 2023 | |
| 43 | 8.32% | 7.23% | 2021 | |
| 44 | 8.18% | 8.65% | 2023 | |
| 45 | 8.14% | 8.65% | 2023 | |
| 46 | 7.95% | 12.85% | 2023 | |
| 47 | 5.91% | 8.08% | 2023 | |
| 48 | 5.64% | 6.62% | 2022 | |
| 49 | 5.39% | 3.16% | 2023 | |
| 50 | 3.66% | 3.24% | 2024 | |
| 51 | 0% | 0% | 2024 |
Africa Private Credit (% GDP) Ranking (2024) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for the reporting year.