Algeria | Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. Development relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure. Limitations and exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises. Statistical concept and methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source
Algeria | Domestic credit to private sector by banks (% of GDP)
1960
1961
1962
1963
1964 10.89569597
1965 10.06198402
1966 8.95524345
1967 13.00910572
1968 20.40668134
1969 29.69315123
1970 27.04118228
1971 33.63755124
1972 46.57222826
1973 48.15845092
1974 41.3999118
1975 49.42020398
1976 53.10002374
1977 49.51919284
1978 53.50188333
1979 51.72569443
1980 48.30215331
1981 52.39602885
1982 62.00000215
1983 64.92383406
1984 66.37219654
1985 68.70133503
1986 69.28413757
1987 67.50695115
1988 68.12303006
1989 63.17410732
1990 56.14321672
1991 46.28916649
1992 7.25090618
1993 6.61415096
1994 6.48669122
1995 5.19798042
1996 5.36381321
1997 3.9046113
1998 4.55241107
1999 5.36983841
2000 5.94905219
2001 7.97752168
2002 12.16527509
2003 11.19086046
2004 10.97281802
2005 11.84703779
2006 12.09701974
2007 12.96875528
2008 12.77688188
2009 16.24510343
2010 15.19077506
2011 13.69820353
2012 14.00878878
2013 16.48387576
2014 18.32767676
2015 21.68202004
2016 22.85565666
2017 24.38576999
2018 24.88441499
2019 25.79097267
2020 29.52939158
2021 25.7972617
2022 21.08763744

Algeria | Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. Development relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure. Limitations and exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises. Statistical concept and methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).
Publisher
The World Bank
Origin
People's Democratic Republic of Algeria
Records
63
Source