Sri Lanka Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Sri Lanka's credit to gdp was 47.01% in 2019, ranked 95th globally. This represents a 0.7% increase from 2018. Data from World Bank, covering 1960–2019.
Overview
Sri Lanka's credit to gdp stood at 47.01% in 2019, a rise of +0.31% from 2018. Sri Lanka ranked 95th globally.
Sri Lanka's credit-to-GDP ratio has experienced a significant rise over the past six decades, from a low of 7.23 in 1962 to a peak of 47.01 in 2019, ranking 95th globally. This substantial increase suggests a substantial expansion of credit in the economy, with the country's financial sector contributing to its growth. In comparison, Kosovo's credit-to-GDP ratio, which ranked similarly at 46.67, indicates that Sri Lanka's financial sector has been expanding at a faster pace. The country's financial sector has thus played a crucial role in supporting its economic growth, with a high credit-to-GDP ratio indicating a significant amount of credit being extended to the private sector. This trend may continue in the future, with Sri Lanka's credit-to-GDP ratio potentially rising further if the country's economic growth remains strong. However, a decline in economic growth or an increase in non-performing loans could reverse this trend.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2019 | 47.01% | +0.31% | #95 |
| 2018 | 46.70% | +2.82% | #95 |
| 2017 | 43.88% | +1.41% | #89 |
| 2016 | 42.48% | +3.09% | #83 |
| 2015 | 39.38% | +4.89% | #80 |
| 2014 | 34.49% | +0.95% | #73 |
| 2013 | 33.54% | −0.48% | #73 |
| 2012 | 34.02% | +0.28% | #77 |
| 2011 | 33.74% | +9.05% | #80 |
| 2010 | 24.68% | −1.06% | #62 |
| 2009 | 25.74% | −3.80% | #64 |
| 2008 | 29.54% | −4.70% | #69 |
| 2007 | 34.24% | −0.43% | #77 |
| 2006 | 34.67% | +1.59% | #83 |
| 2005 | 33.08% | +0.69% | #80 |
Detected Pattern
Analysis
Sri Lanka matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Sri Lanka's credit to gdp was 47.01% in 2019. Ranked 95th globally. This represents a 0.7% increase from the previous year.
Sri Lanka's credit to gdp peaked at 47.01% in 2019.
The lowest credit to gdp in Sri Lanka was 7.23% in 1962.
Sri Lanka ranks 95th globally in credit to gdp as of 2019.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Sri Lanka in 2019 was 47.01%. This ranks 95th in the world.
Cite this page
@misc{historysaid_sri-lanka_credit-to-gdp,
title = {Sri Lanka Credit to GDP},
url = {https://historysaid.com/sri-lanka/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}