Benin | 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
Republic of Benin
Records
63
Source
Benin | Domestic credit to private sector by banks (% of GDP)
1960 5.01243664
1961 5.53633105
1962 6.68049505
1963 7.13637771
1964 7.35105145
1965 6.36213868
1966 5.72409859
1967 6.06656863
1968 6.05054734
1969 7.30040735
1970 8.02357544
1971 9.25057632
1972 10.07107635
1973 11.32805842
1974 12.32435379
1975 22.36560877
1976 19.2348025
1977 20.40461982
1978 21.51728112
1979 25.1699104
1980 28.62907311
1981 24.7977724
1982 30.22083544
1983 31.83996194
1984 25.44393576
1985 30.95551126
1986 28.6602538
1987 26.57859881
1988 28.56228675
1989 21.58168211
1990 19.12768904
1991 15.38381026
1992 11.67447662
1993 10.51454471
1994 8.45262514
1995 7.42840515
1996 8.47764075
1997 5.41528299
1998 6.91321099
1999 7.14232695
2000 7.76142974
2001 5.13608
2002 4.83318969
2003 7.67128465
2004 7.74454815
2005 8.97964393
2006 10.27864814
2007 12.24087839
2008 12.67676655
2009 15.02183135
2010 15.72739789
2011 16.45226331
2012 15.53389784
2013 16.34734762
2014 16.63248238
2015 16.64187398
2016 17.39508947
2017 16.51829247
2018 16.69611617
2019 17.56286208
2020 15.4928447
2021 15.5501997
2022 17.0718469

Benin | 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
Republic of Benin
Records
63
Source