Banking assets as percentage of GDP in Sub-Saharan Africa 2019-2020, by country

Published by
Saifaddin Galal,
Jan 31, 2024
As of 2020, total assets of the banking sector in Mauritius corresponded to over 400 percent of the country's Gross Domestic Product (GDP). The ratio, which provides an insight on the relationship between services provided by banks and the economy‘s size, was at its highest in the island among all other countries in Sub-Saharan Africa. In South Africa, the indicator was measured at 136.5 percent of GDP, while in Tanzania it was recorded at nearly 26 percent of GDP.

Total assets of the banking sector as percentage of gross domestic product (GDP) in Sub-Saharan Africa between 2019 and 2020, by country

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Release date

April 2021

Region

Africa

Survey time period

2019 and 2020

Supplementary notes

* Includes offshore banking assets.

Data as of 2020 for Angola, Botswana, Burundi, Cabo Verde, Comoros, Eswatini, Ghana, Guinea, Kenya, Lesotho, Liberia, Madagascar, Mauritius, Mozambique, Namibia, Rwanda, São Tomé & Príncipe, Seychelles, Sierra Leone, South Africa, South Sudan, Tanzania, Uganda, Zambia, and Zimbabwe.
Data as of 2019 for Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Democratic Republic of Congo, Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Gabon, The Gambia, Guinea-Bissau, Mali, Niger, Nigeria, Senegal, and Togo.

No data available for Eritrea, Ethiopia, and Malawi.

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