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South Africa Private Credit (% GDP)

South Africa's private credit (% GDP) fell to 90.55% in 2023, down from 91.72% in 2022, according to World Bank. This represents a decrease of 1.17% from the previous year. South Africa has private credit (% GDP) higher than the global median (90.55% vs median 39.47%). Compared with the median in Africa, South Africa is higher (90.55% vs regional median 16.64%) and ranks 1st out of 51 countries in Africa.

Yearly Historical Data (1965-2023)

(in %)
Year Private Credit (% GDP)
2023 90.55%
2022 91.72%
2021 93%
2020 109.05%
2019 117.19%
2018 118.38%
2017 127.03%
2016 124.36%
2015 127.2%
2014 128.84%
2013 127.03%
2012 125.17%
2011 118.97%
2010 124.09%
2009 121.09%
2008 125.96%
2007 142.42%
2006 139.01%
2005 122.28%
2004 112.82%
2003 102.77%
2002 97.32%
2001 121.07%
2000 117.1%
1999 118.17%
1998 103.72%
1997 102.37%
1996 105.54%
1995 105.01%
1994 101.06%
1993 95.83%
1992 90.98%
1990 71.94%
1989 69.14%
1988 66.75%
1987 65.23%
1986 64.86%
1985 65.2%
1984 61.76%
1983 58.84%
1982 55.29%
1981 53.92%
1980 50.09%
1979 52.07%
1978 53.41%
1977 53.87%
1976 54.73%
1975 56.69%
1974 55.01%
1973 57.94%
1972 57.21%
1971 58.12%
1970 57.64%
1969 56.19%
1968 54.8%
1967 56.84%
1966 57.4%
1965 58.72%
South Africa Private Credit (% GDP) : 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 South Africa.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio -0.6% -1.6% Dec'24
Debt to GDP Ratio 76.9% 73.4% Dec'24
Interest Rate 7% 7.25% Sep'25