Seychelles Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Seychelles's credit to gdp was 24.52% in 2016, ranked 48th globally. This represents a 0.7% increase from 2015. Data from World Bank, covering 1971–2016.
Overview
Seychelles's credit to gdp stood at 24.52% in 2016, a rise of +0.17% from 2015. Seychelles ranked 48th globally.
Seychelles' credit to GDP ratio, a measure of the country's reliance on borrowing to fuel economic growth, has exhibited significant fluctuations over the past four decades. At its all-time peak in 2008, the ratio reached 27.52, a level surpassed only by a handful of countries globally. However, this upward trend was short-lived, as the global financial crisis led to a sharp decline in the ratio, reaching a low of 6.19 in 1988. Since then, Seychelles has managed to recover, with the ratio stabilizing at 24.52 in 2016, a level surpassed by countries like Uruguay, which boasts a ratio of 25.68. Interestingly, Micronesia's ratio of 23.14 is the closest among its peer nations. Seychelles' credit to GDP ratio has been on a relatively stable trajectory since the 1980s, but a significant increase in foreign investment or a substantial economic stimulus could potentially alter this trend, leading to a resurgence in borrowing and economic growth.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2016 | 24.52% | +0.17% | #48 |
| 2015 | 24.35% | −0.00% | #48 |
| 2014 | 24.35% | +2.98% | #50 |
| 2013 | 21.37% | +0.51% | #47 |
| 2012 | 20.86% | −1.53% | #49 |
| 2011 | 22.39% | −1.76% | #53 |
| 2010 | 24.16% | +4.16% | #59 |
| 2009 | 19.99% | −7.53% | #48 |
| 2008 | 27.52% | +3.73% | #63 |
| 2007 | 23.79% | +2.39% | #62 |
| 2006 | 21.40% | −1.98% | #55 |
| 2005 | 23.38% | −0.41% | #65 |
| 2004 | 23.79% | −0.79% | #66 |
| 2003 | 24.58% | +5.47% | #66 |
| 2002 | 19.11% | +2.12% | #58 |
Detected Pattern
Analysis
Seychelles matched the Orthodox Tightening Cycle pattern in 2009. Historically, 57% of countries showing this pattern (177 out of 311) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Seychelles's credit to gdp was 24.52% in 2016. Ranked 48th globally. This represents a 0.7% increase from the previous year.
Seychelles's credit to gdp peaked at 27.52% in 2008.
The lowest credit to gdp in Seychelles was 6.19% in 1988.
Seychelles ranks 48th globally in credit to gdp as of 2016.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Seychelles in 2016 was 24.52%. This ranks 48th in the world.
Cite this page
@misc{historysaid_seychelles_credit-to-gdp,
title = {Seychelles Credit to GDP},
url = {https://historysaid.com/seychelles/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}