Zambia Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Zambia's domestic credit was 35.08% in 2025, ranked 42nd globally. This represents a 10.5% increase from 2024. Data from World Bank, covering 2011–2025.
Overview
Zambia's domestic credit stood at 35.08% in 2025, a rise of +3.32% from 2022. Based on recent trends, this figure is projected to reach 35.08% by 2025. Zambia ranked 42nd globally.
Zambia’s domestic credit to the private sector has risen markedly since the earliest observation in 2011, when it stood at 21.09 % of GDP, the lowest point in the series. The indicator accelerated through the 2010s, reaching an all‑time peak of 42.36 % in 2020, before easing slightly to 35.08 % in 2025, a level that places the country 42nd globally. This trajectory outpaces that of peer Uganda, whose 2025 figure of 36.13 % reflects a comparable but slightly higher credit environment, while remaining above Papua New Guinea’s 33.08 % and Uzbekistan’s 31.62 %. The post‑2020 moderation suggests that tighter monetary conditions and debt sustainability concerns have tempered credit expansion. Continued fiscal consolidation and improvements in the banking sector’s risk assessment could sustain the current downward bias, whereas a resurgence in commodity prices or external financing might reignite growth in domestic credit.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2025* trend | 35.08% | - | - |
| 2025 | 35.08% | +3.32% | #42 |
| 2022 | 31.76% | −3.00% | #7 |
| 2021 | 34.75% | −7.61% | #9 |
| 2020 | 42.36% | +7.93% | #11 |
| 2019 | 34.43% | +2.56% | #9 |
| 2018 | 31.88% | +0.66% | #8 |
| 2017 | 31.21% | +4.17% | #9 |
| 2016 | 27.04% | −2.62% | #7 |
| 2015 | 29.67% | +3.86% | #5 |
| 2014 | 25.81% | −0.46% | #5 |
| 2013 | 26.27% | +4.34% | #5 |
| 2012 | 21.93% | +0.85% | #5 |
| 2011 | 21.09% | – | #6 |
Detected Pattern
Analysis
Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Zambia's domestic credit was 35.08% in 2025. Ranked 42nd globally. This represents a 10.5% increase from the previous year.
Zambia's domestic credit peaked at 42.36% in 2020.
The lowest domestic credit in Zambia was 21.09% in 2011.
Zambia ranks 42nd globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Zambia's domestic credit is projected to reach 35.08% by 2025 based on trend extrapolation.
The domestic credit of Zambia in 2025 was 35.08%. This ranks 42nd in the world.
Cite this page
@misc{historysaid_zambia_domestic-credit,
title = {Zambia Domestic Credit},
url = {https://historysaid.com/zambia/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}