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
Arab World | Domestic credit to private sector by banks (% of GDP)
1960 11.63050733
1961 11.98972553
1962 12.16019038
1963 12.39020066
1964 11.10543337
1965 13.01165142
1966 13.06173497
1967 13.16137968
1968 14.27437029
1969 15.29680264
1970 14.049133
1971 13.96182999
1972 15.82746229
1973 16.18865453
1974 11.46858238
1975 14.17254811
1976 15.03366789
1977 16.54577306
1978 19.32490961
1979 18.83799187
1980 17.09554884
1981 19.09195081
1982 23.98853161
1983 27.92427259
1984 29.80328573
1985 32.27195465
1986 37.38839111
1987 36.40145336
1988 38.44217919
1989 34.77185714
1990 25.28356802
1991 22.69283071
1992 20.53041791
1993 21.54341384
1994 22.82716529
1995 24.96828288
1996 24.6521504
1997 27.33442564
1998 32.28794605
1999 32.56694903
2000 30.45780009
2001 32.10175601
2002 32.70379766
2003 31.98700801
2004 31.48443421
2005 32.65005867
2006 32.75479804
2007 35.81046812
2008 37.41660416
2009 43.50731468
2010 39.41263081
2011 37.45583596
2012 36.78101065
2013 38.50651057
2014 42.08069259
2015 51.22142466
2016 54.03077796
2017 51.40186797
2018
2019
2020
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