Sri Lanka Domestic Credit Growth

1997 - 2023 | Monthly | % | CEIC Data

Key information about Sri Lanka Domestic Credit Growth

  • Sri Lanka Domestic Credit shrunk by 97.5 % YoY in Dec 2023, compared with a decrease of 90.3 % YoY in the previous month
  • Sri Lanka Domestic Credit Growth YoY data is updated monthly
  • It averaged 16.4 %, available from Jan 1997 to Dec 2023
  • The data reached an all-time high of 42.7 % in Mar 2012 and a record low of -97.5 % in Dec 2023

CEIC calculates Domestic Credit Growth from monthly Domestic Credit. The Central Bank of Sri Lanka provides Domestic Credit in local currency.


Further information about Sri Lanka Domestic Credit Growth

  • In the latest reports, Sri Lanka Domestic Credit reached 5.1 USD bn in Dec 2023
  • Money Supply M2 in Sri Lanka increased to 35.5 USD bn YoY in Dec 2023
  • Sri Lanka Foreign Exchange Reserves was measured at 4.3 USD bn in Dec 2023
  • The Foreign Exchange Reserves equaled 2.9 Months of Import in Dec 2023
  • The country's Non Performing Loans Ratio stood at 4.5 % in Dec 2021, compared with the ratio of 4.9 % in the previous year
  • Household Debt of Sri Lanka reached 7.4 % in Jun 2023, accounting for 7.4 % of the country's Nominal GDP

View Sri Lanka's Domestic Credit Growth from Jan 1997 to Dec 2023 in the chart:

Sri Lanka Domestic Credit Growth

What was Sri Lanka's Domestic Credit Growth in Dec 2023?

Sri Lanka Domestic Credit shrunk by 97.5 % YoY in Dec 2023, compared with a decrease of 90.3 % YoY in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-97.5 Dec 2023 -90.3 Nov 2023 -97.5 Dec 2023 42.7 Mar 2012 % monthly Jan 1997 - Dec 2023

Domestic Credit Growth by Country Comparison

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country/region Last Frequency Range
Albania (%) 2.3 Feb 2024 monthly Dec 2003 - Feb 2024
Algeria (%) 5.9 Jan 2024 monthly Dec 2002 - Jan 2024
Argentina (%) 342.6 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (%) 16.7 Jan 2024 monthly Dec 1994 - Jan 2024
Australia (%) -2.2 Jan 2024 monthly Dec 2002 - Jan 2024
Austria (%) -1.2 Jan 2024 monthly Jan 2000 - Jan 2024
Azerbaijan (%) 2.5 Jan 2024 monthly Dec 2002 - Jan 2024
Bahrain (%) 4.8 Jan 2024 monthly Sep 1992 - Jan 2024
Bangladesh (%) 12.1 Feb 2024 monthly Jul 1988 - Feb 2024
Belarus (%) 17.3 Feb 2024 monthly Dec 2007 - Feb 2024
Belgium (%) 0.8 Jan 2024 monthly Jan 2000 - Jan 2024
Bolivia (%) 6.3 Oct 2023 monthly Dec 2002 - Oct 2023
Bosnia and Herzegovina (%) 10.1 Feb 2024 monthly Aug 1998 - Feb 2024
Botswana (%) 8.6 Sep 2023 quarterly Dec 2005 - Sep 2023
Brazil (%) 14.6 Feb 2024 monthly Dec 2002 - Feb 2024
Brunei (%) 34.6 Nov 2023 monthly Jan 2000 - Nov 2023
Bulgaria (%) 18.1 Jan 2024 monthly Dec 1994 - Jan 2024
Cambodia (%) 4.9 Feb 2024 monthly Dec 1995 - Feb 2024
Canada (%) 2.5 Jan 2024 monthly Jan 1970 - Jan 2024
Chile (%) 4.4 Jan 2024 monthly Dec 1979 - Jan 2024
China (%) 10.4 Jan 2024 monthly Jun 2000 - Jan 2024
Colombia (%) 5.4 Jan 2024 monthly Jan 1994 - Jan 2024
Croatia (%) 5.9 Dec 2022 monthly Jun 1995 - Dec 2022
Cyprus (%) -6.1 Jan 2024 monthly Nov 2006 - Jan 2024
Czech Republic (%) 10.9 Feb 2024 monthly Jan 2003 - Feb 2024
Denmark (%) -3.6 Jan 2024 monthly Dec 2002 - Jan 2024
Ecuador (%) 9.4 Feb 2024 monthly Jan 2007 - Feb 2024
Egypt (%) 26.3 Feb 2024 monthly Jan 1997 - Feb 2024
Estonia (%) 8.9 Jan 2024 monthly Jun 1993 - Jan 2024
European Union (%) -0.9 Jan 2024 monthly Sep 1998 - Jan 2024
Finland (%) -3.8 Jan 2024 monthly Jan 2000 - Jan 2024
France (%) 1.6 Jan 2024 monthly Jan 2000 - Jan 2024
Georgia (%) 16.9 Feb 2024 monthly Oct 1996 - Feb 2024
Germany (%) -1.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ghana (%) -0.4 Dec 2023 monthly Jan 1968 - Dec 2023
Greece (%) 2.6 Jan 2024 monthly Jan 2002 - Jan 2024
Hong Kong SAR, China (%) -0.3 Nov 2023 monthly Dec 1991 - Nov 2023
Hungary (%) -2.1 Feb 2024 monthly Jan 1999 - Feb 2024
Iceland (%) 3.6 Feb 2024 monthly Sep 1994 - Feb 2024
India (%) 12.0 Jan 2024 monthly Mar 2000 - Jan 2024
Indonesia (%) 8.4 Feb 2024 monthly Jan 2005 - Feb 2024
Iran (%) 25.8 Feb 2017 monthly Jan 1965 - Feb 2017
Ireland (%) -1.8 Jan 2024 monthly Jan 2000 - Jan 2024
Israel (%) 5.4 Jan 2024 monthly Dec 2000 - Jan 2024
Italy (%) -4.3 Jan 2024 monthly Jan 2000 - Jan 2024
Ivory Coast (%) 12.5 Dec 2023 monthly Jan 1965 - Dec 2023
Japan (%) 3.3 Jan 2024 monthly Apr 2004 - Jan 2024
Jordan (%) 4.8 Nov 2023 monthly Jan 2003 - Nov 2023
Kazakhstan (%) 23.1 Feb 2024 monthly Dec 2002 - Feb 2024
Kenya (%) 13.5 Oct 2023 monthly Dec 1996 - Oct 2023
South Korea (%) 4.9 Feb 2024 monthly Dec 2002 - Feb 2024
Kosovo (%) 12.9 Feb 2024 monthly Nov 2008 - Feb 2024
Kuwait (%) 0.2 Jan 2024 monthly Jan 1995 - Jan 2024
Kyrgyzstan (%) 26.2 Jan 2024 monthly Dec 2003 - Jan 2024
Laos (%) 23.4 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (%) 6.6 Jan 2024 monthly Jul 2004 - Jan 2024
Lebanon (%) 2.2 Jan 2018 monthly Mar 1966 - Jan 2018
Lithuania (%) 0.3 Jan 2024 monthly Dec 1994 - Jan 2024
Luxembourg (%) -7.2 Jan 2024 monthly Jan 2000 - Jan 2024
Macau SAR, China (%) 0.8 Feb 2024 monthly Jun 1985 - Feb 2024
North Macedonia (%) 5.7 Feb 2024 monthly Jan 2004 - Feb 2024
Malawi (%) 32.4 Jan 2024 monthly Jan 1976 - Jan 2024
Malaysia (%) 6.8 Feb 2024 monthly Jan 1988 - Feb 2024
Malta (%) 5.9 Feb 2024 monthly Jan 2009 - Feb 2024
Mauritius (%) 9.3 Feb 2024 monthly Jun 2006 - Feb 2024
Mexico (%) 8.2 Jan 2024 monthly Dec 2002 - Jan 2024
Moldova (%) 8.1 Feb 2024 monthly Jan 2001 - Feb 2024
Mongolia (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
Montenegro (%) 7.7 Feb 2024 monthly Jan 2006 - Feb 2024
Morocco (%) 3.5 Feb 2024 monthly Dec 2002 - Feb 2024
Mozambique (%) 5.0 Jan 2024 monthly Dec 2002 - Jan 2024
Myanmar (%) 16.4 Jan 2021 monthly Dec 2002 - Jan 2021
Nepal (%) 8.4 Mar 2024 monthly Jan 2002 - Mar 2024
Netherlands (%) -3.2 Jan 2024 monthly Dec 2002 - Jan 2024
New Zealand (%) 0.8 Feb 2024 monthly Mar 1989 - Feb 2024
Nigeria (%) 63.6 Feb 2024 monthly Nov 1993 - Feb 2024
Norway (%) 3.5 Feb 2024 monthly Dec 1986 - Feb 2024
Oman (%) 2.9 Jan 2024 monthly Dec 2000 - Jan 2024
Pakistan (%) 20.4 Feb 2024 monthly Jun 2009 - Feb 2024
Palestinian Territory (%) 8.3 Feb 2024 monthly Dec 1999 - Feb 2024
Panama (%) 4.7 Feb 2024 monthly Dec 2002 - Feb 2024
Paraguay (%) 8.4 Feb 2024 monthly Dec 2002 - Feb 2024
Peru (%) 8.4 Nov 2023 monthly Jan 1993 - Nov 2023
Philippines (%) 9.8 Jan 2024 monthly Dec 2002 - Jan 2024
Poland (%) 3.1 Feb 2024 monthly Dec 1997 - Feb 2024
Portugal (%) 0.3 Aug 2019 monthly Dec 2001 - Aug 2019
Qatar (%) 3.7 Feb 2024 monthly Jan 2008 - Feb 2024
Romania (%) 11.5 Feb 2024 monthly Dec 2005 - Feb 2024
Russia (%) 24.6 Feb 2024 monthly Dec 2001 - Feb 2024
Saudi Arabia (%) 21.6 Dec 2017 quarterly Mar 1969 - Dec 2017
Serbia (%) -3.0 Feb 2024 monthly Dec 2004 - Feb 2024
Singapore (%) -1.1 Feb 2024 monthly Mar 2005 - Feb 2024
Slovakia (%) 2.3 Jan 2024 monthly Jan 2007 - Jan 2024
Slovenia (%) -2.2 Jan 2024 monthly Jan 2005 - Jan 2024
South Africa (%) 6.3 Feb 2024 monthly Mar 1966 - Feb 2024
Spain (%) -4.2 Jan 2024 monthly Jan 2000 - Jan 2024
Sri Lanka (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Sudan (%) 82.5 Dec 2022 quarterly Mar 2003 - Dec 2022
Sweden (%) -4.5 Jan 2024 monthly Dec 2002 - Jan 2024
Switzerland (%) 1.7 Feb 2024 monthly Dec 1988 - Feb 2024

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Sri Lanka Key Series

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Includes 172 key indicators for Sri Lanka, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.5 Sep 2023 quarterly Dec 2014 - Sep 2023
Tax Revenue (USD mn) 5,458.017 2022 yearly 1990 - 2022
Tax Revenue: % of GDP (%) 10.6 Sep 2023 quarterly Mar 2014 - Sep 2023
National Government Debt (USD mn) 86,964.6 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: % of GDP (%) 104.4 Sep 2023 quarterly Mar 2014 - Sep 2023
Forecast: Government Expenditure (LKR bn) 4,472.550 2022 yearly 1990 - 2022
Forecast: Government Net Debt (LKR bn) 27,899.420 2022 yearly 1990 - 2022
Forecast: Government Revenue (LKR bn) 2,012.590 2022 yearly 1990 - 2022
Government Debt: Domestic (LKR mn) 16,617,629.160 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Debt: Foreign (LKR mn) 11,402,380.792 Sep 2023 quarterly Mar 2014 - Sep 2023
Overall Fiscal Surplus/Deficit (LKR mn) -371,009.687 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Capital & Net Lending (LKR mn) 170,568.510 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Revenue & Grants​: Revenue (LKR mn) 795,600.830 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & Lending Minus Repayments (LR) (LKR mn) 1,172,712.077 Sep 2023 quarterly Mar 2014 - Sep 2023
Government Expenditure & LR: Recurrent (LKR mn) 1,002,143.567 Sep 2023 quarterly Mar 2014 - Sep 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.626 2028 yearly 1980 - 2028
Trade Balance (USD mn) -319.1 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports (USD mn) 1,059.3 Feb 2024 monthly Jan 1982 - Feb 2024
Total Exports Growth (%) 7.9 Feb 2024 monthly Jan 1983 - Feb 2024
Aluminum: Exports (USD th) 8,005.174 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 8,546.747 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 3,537.951 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,378.4 Feb 2024 monthly Jan 1982 - Feb 2024
Total Imports Growth (%) 35.0 Feb 2024 monthly Jan 1983 - Feb 2024
Imports: Medicament (USD th) 381,649.432 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 128,854.946 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 211.902 Dec 2023 monthly Jan 1978 - Dec 2023
Total Imports from USA (USD mn) 33.763 Dec 2023 monthly Jan 1978 - Dec 2023
Total Exports to China (USD mn) 17.680 Dec 2023 monthly Jan 2016 - Dec 2023
Total Imports from China (USD mn) 306.538 Dec 2023 monthly Jan 2016 - Dec 2023
Exports: Germany (USD mn) 742.000 2022 yearly 2003 - 2022
Imports: Consumer Goods (LKR mn) 78,022.382 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods (LKR mn) 262,645.135 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Textiles & Textile Articles (LKR mn) 76,919.404 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Investment Goods (LKR mn) 89,464.831 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: Intermediate Goods: Fuel (LKR mn) 90,795.175 Feb 2024 monthly Jan 1995 - Feb 2024
Imports: India (USD mn) 4,738.000 2022 yearly 2003 - 2022
Export Volume Index (EVoI): 2010=100 (2010=100) 200.505 Jan 2024 monthly Jan 2010 - Jan 2024
Import Volume Index (IVoI): 2010=100 (2010=100) 169.493 Jan 2024 monthly Jan 2010 - Jan 2024
Terms of Trade Index: 2010=100 (2010=100) 107.103 Feb 2024 monthly Jan 2010 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 8.5 Dec 2023 quarterly Mar 2012 - Dec 2023
Current Account Balance (USD mn) 237.2 Dec 2023 quarterly Mar 1977 - Dec 2023
Current Account Balance: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Direct Investment (USD mn) 250.9 Dec 2023 quarterly Mar 1977 - Dec 2023
Foreign Direct Investment: % of GDP (%) 1.1 Dec 2023 quarterly Mar 2002 - Dec 2023
Foreign Portfolio Investment (USD mn) 44.911 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -1.3 Dec 2023 quarterly Mar 2012 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 46.216 Dec 2023 quarterly Mar 2012 - Dec 2023
External Debt (USD mn) 54,831.6 Dec 2023 quarterly Dec 2012 - Dec 2023
External Debt: % of GDP (%) 75.0 2022 yearly 1998 - 2022
External Debt: Short Term (USD mn) 5,031.5 Dec 2023 quarterly Dec 2012 - Dec 2023
External Debt: Short Term: % of GDP (%) 11.5 2022 yearly 1998 - 2022
Forecast: Current Account Balance (USD bn) -0.744 2022 yearly 1980 - 2022
Net International Investment Position (USD mn) -51,439.912 Dec 2023 quarterly Mar 2013 - Dec 2023
BoP: FA: Assets: Errors & Ommissions (USD mn) 192.632 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Liabilities: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
BoP: FA: Assets: Financial Derivatives (USD mn) 0.000 Dec 2018 quarterly Mar 2012 - Dec 2018
IIP: Assets (USD mn) 12,546.277 Dec 2023 quarterly Dec 2012 - Dec 2023
IIP: Liabilities (USD mn) 63,986.189 Dec 2023 quarterly Dec 2012 - Dec 2023
International Investment Position (IIP): Net (USD mn) -51,439.912 Dec 2023 quarterly Dec 2012 - Dec 2023
No of Registered Enterprises (Unit) 6,298.000 2022 yearly 1994 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.5 2021 yearly 1998 - 2021
Household Debt: % of GDP (%) 6.5 Jun 2023 quarterly Dec 2010 - Jun 2023
Money Supply M1 (USD mn) 5,088.870 Jan 2024 monthly Jan 1994 - Jan 2024
Money Supply M2 (USD mn) 36,267.306 Jan 2024 monthly Jan 1994 - Jan 2024
M2 Growth (%) 8.9 Jan 2024 monthly Jan 1995 - Jan 2024
Reserve Requirement Ratio (%) 4.0 Jun 2023 monthly Mar 1997 - Jun 2023
Foreign Exchange Reserves (USD mn) 4,482.3 Feb 2024 monthly Dec 1956 - Feb 2024
Foreign Exchange Reserves: Months of Import (NA) 3.3 Feb 2024 monthly Jan 1982 - Feb 2024
Gold Reserves (USD mn) 30.962 Feb 2024 monthly Dec 1977 - Feb 2024
Total Deposits (USD mn) 45,118.862 Jul 2023 monthly Dec 2002 - Jul 2023
Total Deposits Growth (%) 6.7 Jul 2023 monthly Dec 2003 - Jul 2023
Domestic Credit (USD mn) 1,267.7 Dec 2023 monthly Jan 1996 - Dec 2023
Domestic Credit Growth (%) -97.5 Dec 2023 monthly Jan 1997 - Dec 2023
Household Debt (USD mn) 5,580.5 Jun 2023 quarterly Jun 2010 - Jun 2023
Total Loans (USD mn) 26,218.887 Jan 2024 monthly Dec 1983 - Jan 2024
Total Loans Growth (%) -0.36 Jan 2024 monthly Dec 1984 - Jan 2024
Private Debt: % of Nominal GDP (%) 25.97 Jun 2023 quarterly Dec 2010 - Jun 2023
Official Reserve Assets (ORA) (USD mn) 4,520.000 Feb 2024 monthly Nov 2013 - Feb 2024
ORA: Foreign Currency Reserves in Convertible FC (FCR) (USD mn) 4,482.341 Feb 2024 monthly Nov 2013 - Feb 2024
Commercial Banks: Loans: Personal Loans & Advances (LA) (LKR mn) 1,714,837.000 Jun 2023 quarterly Jun 2010 - Jun 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -8.2 May 2023 monthly May 2016 - May 2023
Business Sentiment Index: Business Condition: Current Quarter (Index) 93.000 Dec 2023 quarterly Jun 2014 - Dec 2023
Purchasing Managers Index: Manufacturing (Index) 56.000 Feb 2024 monthly May 2015 - Feb 2024

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