Caribbean small states | 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
Caribbean small states
Records
63
Source
Caribbean small states | Domestic credit to private sector by banks (% of GDP)
1960 12.42436411
1961 12.21081763
1962 11.77658385
1963 10.6927347
1964 12.91553872
1965 14.56840806
1966 14.93411925
1967 15.20720552
1968 16.05836967
1969 27.33480438
1970 28.37395002
1971 24.90788429
1972 27.74355814
1973 30.58662101
1974 25.44196765
1975 24.91234676
1976 25.63443334
1977 24.45658437
1978 25.68459897
1979 24.97279984
1980 23.62873982
1981 26.22625508
1982 28.2288478
1983 31.67938985
1984 31.19450731
1985 30.54571662
1986 30.73966557
1987 32.08434108
1988 33.4209463
1989 34.33802826
1990 32.73709248
1991 33.94430381
1992 33.44120298
1993 32.19397846
1994 30.7875191
1995 32.38344252
1996 32.97139547
1997 32.86316112
1998 35.50437297
1999 35.75921775
2000 36.59139135
2001 38.79012005
2002 38.94685357
2003 38.2559629
2004 38.87197412
2005 38.55685389
2006 39.08605458
2007 40.46352401
2008 39.12914235
2009 44.95423132
2010 38.93090956
2011 37.35977602
2012 39.92164559
2013 39.90462949
2014 39.50317639
2015 41.3618163
2016 43.13647745
2017 43.76813013
2018 43.59997839
2019 44.93490783
2020 52.73790336
2021 45.92869999
2022 39.0470236

Caribbean small states | 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
Caribbean small states
Records
63
Source