Arab World | Domestic credit to private sector (% of GDP)

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
Publisher
The World Bank
Origin
Arab World
Records
63
Source
Arab World | Domestic credit to private sector (% of GDP)
1960
1961
1962
1963
1964 12.48906274
1965 15.27301466
1966 14.79778302
1967 14.50156514
1968 15.01206339
1969 16.37422028
1970 14.99697449
1971 14.61173354
1972 16.58850903
1973 16.83601824
1974 11.5260914
1975 14.86541605
1976 15.38470806
1977 16.93472328
1978 19.73105181
1979 19.54357898
1980 17.88609558
1981 19.98633574
1982 25.62426177
1983 29.79588457
1984 31.84396491
1985 34.70200271
1986 38.70129709
1987 36.56117169
1988
1989
1990
1991 20.91808965
1992 20.21634982
1993 21.14438578
1994 22.55750674
1995 24.8944634
1996 24.71958365
1997 26.45589604
1998 31.79020832
1999 32.0604006
2000 29.70980032
2001 31.79763211
2002 32.31335181
2003 31.41752339
2004 30.42015217
2005 30.59492845
2006 29.88948045
2007 31.65504186
2008 31.61979076
2009 36.64475287
2010 36.09737508
2011 34.97902295
2012 34.55231329
2013 36.60321949
2014 39.80503094
2015 48.21115458
2016 55.83824883
2017 53.3416048
2018
2019
2020
2021
2022

Arab World | Domestic credit to private sector (% of GDP)

Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
Publisher
The World Bank
Origin
Arab World
Records
63
Source