Arab World | 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
Arab World
Records
63
Source
Create chart Download showed records Download Full dataset
Arab World | Domestic credit to private sector by banks (% of GDP)
11.63050733 1960
11.98972553 1961
12.16019038 1962
12.39020066 1963
11.10543337 1964
13.01165142 1965
13.06173497 1966
13.16137968 1967
14.27437029 1968
15.29680264 1969
14.049133 1970
13.96182999 1971
15.82746229 1972
16.18865453 1973
11.46858238 1974
14.17254811 1975
15.03366789 1976
16.54577306 1977
19.32490961 1978
18.83799187 1979
17.09554884 1980
19.09195081 1981
23.98853161 1982
27.92427259 1983
29.80328573 1984
32.27195465 1985
37.38839111 1986
36.40145336 1987
38.44217919 1988
34.77185714 1989
25.28356802 1990
22.69283071 1991
20.53041791 1992
21.54341384 1993
22.82716529 1994
24.96828288 1995
24.6521504 1996
27.33442564 1997
32.28794605 1998
32.56694903 1999
30.45780009 2000
32.10175601 2001
32.70379766 2002
31.98700801 2003
31.48443421 2004
32.65005867 2005
32.75479804 2006
35.81046812 2007
37.41660416 2008
43.50731468 2009
39.41263081 2010
37.45583596 2011
36.78101065 2012
38.50651057 2013
42.08069259 2014
51.22142466 2015
54.03077796 2016
51.40186797 2017
2018
2019
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2021
2022
Arab World | 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
Arab World
Records
63
Source
Create chart Download showed records Download Full dataset