Country | Domestic credit to private sector (% GDP) | Money Supply M2/GDP | ||||||
REM | GDP | INF | FDI | REM | GDP | INF | FDI | |
Benin | −0.115 (−0.75) | 0.483 (0.31) | −0.005 (−0.67) | −0.008 (−0.32) | 0.123* (2.00) | 1.366* (2.25) | 0.005** (1.91) | 0.018** (1.67) |
Burkina Faso | 0.036 (0.58) | 1.445* (2.62) | −0.006 (−0.95) | −0.022 (−0.90) | 0.143** (1.73) | 0.534 (0.82) | −0.001 (−0.02) | −0.017 (−0.59) |
Cote d’Ivoire | −0.223** (−1.61) | 1.005* (2.78) | −0.002 (−0.73) | −0.017 (−0.57) | 0.020 (0.22) | 0.451** (1.82) | −0.003 (−1.58) | 0.023 (1.03) |
Ghana | −0.097 (−1.45) | 0.734 (0.58) | −0.005* (−2.02) | −0.036 (−1.02) | −0.037 (−0.96) | 0.077 (0.09) | −0.004* (−2.98) | −0.016 (−0.68) |
Mali | −0.359* (−3.24) | −1.223* (−3.06) | −0.005 (−1.43) | 0.004 (0.27) | 0.101 (0.92) | 0.145 (0.47) | −0.004 (−1.53) | 0.006 (0.45) |
Niger | −0.006 (−0.07) | −1.029 (−1.34) | −0.002 (−0.39) | −0.005 (−0.34) | −0.042 (−0.59) | −0.976 (−1.33) | −0.010* (−2.29) | −0.005 (−0.45) |
Nigeria | 0.028 (0.52) | 1.092** (1.77) | −0.002** (−1.73) | −0.030 (−0.60) | 0.089** (1.92) | 1.053* (2.03) | −0.002** (−1.91) | −0.079** (−1.85) |
Senegal | −0.122 (−1.24) | −0.330 (−0.53) | −0.002 (−0.52) | −0.026 (−1.31) | −0.029 (−0.45) | 0.942* (2.26) | 0.000 (0.24) | −0.001 (−0.05) |
Sierra Leone | 0.029 (1.01) | −0.011 (−0.03) | −0.004* (−4.83) | −0.021** (−1.95) | 0.041 (1.32) | −0.130 (−0.32) | −0.002** (−1.80) | −0.001 (−0.06) |
Togo | −0.279* (−3.63) | −0.158 (−0.23) | −0.006 (−1.10) | −0.009 (−0.69) | −0.034 (−0.63) | −0.110 (−0.26) | −0.005 (−1.21) | 0.001 (0.03) |