Equatorial Guinea: Domestic credit to private sector by banks (% of GDP)

Key figures

What the numbers say

In 2023, Equatorial Guinea's domestic credit to private sector by banks (% of GDP) fell 2.28 percentage points on 2022 (from 8.04% to 5.76%).

Across the 30 yearly changes before that (1993 to 2022), the average change was −0.44 percentage points and a typical year strayed about 3.32 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 12.46 percentage points in 1991 and the biggest yearly fall was 17.01 percentage points in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 18% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2023, Equatorial Guinea had the 14th highest value of the 14 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Equatorial Guinea in the 2023 ranking

• Tajikistan — 11th of 14: 11.58%
• Congo, Dem. Rep. — 12th of 14: 11.23%
• Zimbabwe — 13th of 14: 6.48%

What this measures

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 39 values

Domestic credit to private sector by banks (% of GDP) in nearby economies

• Angola — 5.7% (2025)
• Benin — 19.76% (2025)
• Botswana — 33.12% (2025)
• Burkina Faso — 22.68% (2025)
• Burundi — 37.89% (2025)
• Cabo Verde — 53.44% (2025)
• Cameroon — 14.06% (2019)
• Central African Republic — 12.77% (2022)
• Chad — 8.27% (2021)
• Comoros

More financial sector data for Equatorial Guinea

• DEC alternative conversion factor (LCU per US$) — US$581.93 (2025)
• Official exchange rate (LCU per US$, period average) — US$581.93 (2025)
• GDP deflator (base year varies by country) — 169.1 (2025)
• Inflation, GDP deflator (annual % growth) — -1.38% (2025)
• Real effective exchange rate index (2010 = 100) — 104.48 (2025)
• Consumer price index (2010 = 100) — 144.38 (2024)
• Net foreign assets (current LCU) — 922.93 billion (2023)
• Monetary sector credit to private sector (% of GDP) — 5.81% (2023)
• Broad money (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Equatorial Guinea's domestic credit to private sector by banks (% of GDP)?

5.76% in 2023, according to the World Bank (World Development Indicators).

How has it changed since 1985?

It is down 17.63 percentage points from 23.39% in 1985. The highest value was 38.23% in 1991 and the lowest 2.15% in 2005.

How does Equatorial Guinea rank?

14th highest of 14 economies with data for 2023.

Is the latest change in domestic credit to private sector by banks (% of GDP) unusual for Equatorial Guinea?

In 2023, Equatorial Guinea's domestic credit to private sector by banks (% of GDP) fell 2.28 percentage points on 2022 (from 8.04% to 5.76%). Across the 30 yearly changes before that (1993 to 2022), the average change was −0.44 percentage points and a typical year strayed about 3.32 percentage points from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FD.AST.PRVT.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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