Private Sector Credit Statistics in Zambia (2026)
Zambia recorded domestic credit to the private sector of 17% of GDP in 2024, World Bank World Development Indicators data show. Up from 15.6% of GDP in 2023 to 17% of GDP in 2024 (+1.4 percentage points). Zambia ranks #14 of 35 economies in Sub-Saharan Africa on this measure, and #130 of 160 globally.
Key Statistics
- Latest value (2024)
- 17% of GDP (2024)
- Private Sector Credit in Zambia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +1.4 pp (2024)
- Up from 15.6% of GDP in 2023 to 17% of GDP in 2024 (+1.4 percentage points).
- Earliest value in this dataset (2011)
- 13.7% of GDP (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 13.7% of GDP in 2011 to 17% of GDP in 2024.
- Peak value (2015)
- 19.8% of GDP (2015)
- Highest value in the available series; the 2024 value is 17% of GDP.
- Rank in Sub-Saharan Africa
- #14 of 35 (2024)
- Zambia ranks 14 of 35 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #130 of 160 (2024)
- Zambia ranks 130 of 160 countries with data globally.
- Sub-Saharan Africa average
- 20.8% of GDP (2024)
- Zambia (17% of GDP) is below the average of 20.8% of GDP across the 35 countries in Sub-Saharan Africa with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 13% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 11.9% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Zambia (2024)
- 17.1% (2024)
- 17.1% of the population in Zambia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 21.3 million (2024)
- Zambia had a population of 21.3 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 17% | +1.4 pp |
| 2023 | 15.6% | +2.7 pp |
| 2022 | 13% | +1.6 pp |
| 2021 | 11.4% | −3.8 pp |
| 2020 | 15.2% | −0.5 pp |
| 2019 | 15.6% | +0.7 pp |
| 2018 | 15% | +0.1 pp |
| 2017 | 14.9% | −0.5 pp |
| 2016 | 15.4% | −4.3 pp |
| 2015 | 19.8% | +2.7 pp |
| 2014 | 17.1% | +1.3 pp |
| 2013 | 15.8% | −0.0 pp |
| 2012 | 15.9% | +2.2 pp |
| 2011 | 13.7% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Zambia?
Domestic credit to the private sector in Zambia stood at 17% of GDP in 2024, according to World Bank World Development Indicators data.
How recent is the private sector credit data for Zambia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Zambia.
Where does the private sector credit data for Zambia come from?
The data comes from the World Bank World Development Indicators (indicator FS.AST.PRVT.GD.ZS). The latest observation for Zambia is from 2024; the snapshot was retrieved on 2026-06-10.
How has private sector credit in Zambia changed over time?
World Bank World Development Indicators data show a rise from 13.7% of GDP in 2011 to 17% of GDP in 2024.
How does Zambia compare with other countries in Sub-Saharan Africa?
Zambia ranks 14 of 35 countries in Sub-Saharan Africa with data, with 17% of GDP versus a regional average of 20.8% of GDP (latest values per country).
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .