Colombia | 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 Colombia
Records
63
Source
Colombia | Domestic credit to private sector by banks (% of GDP)
1960 20.54085177
1961 21.76128332
1962 22.46836183
1963 21.41733007
1964 19.05123297
1965 19.09469647
1966 18.78692775
1967 19.55765408
1968 21.43828139
1969 22.73915223
1970 22.79916847
1971 21.94103383
1972 19.92627127
1973 17.54564896
1974 28.93164673
1975 28.96017852
1976 28.03577132
1977 26.85030914
1978 27.31605839
1979 26.67012669
1980 30.12627206
1981 32.42514398
1982 33.76457275
1983 36.26995122
1984 36.98023951
1985 34.75776614
1986
1987 25.0156951
1988 22.66146226
1989
1990 25.89078322
1991 23.39242376
1992 25.23083379
1993 28.65949154
1994 30.99631702
1995 33.5667919
1996 35.21840018
1997 36.37044524
1998 34.83502476
1999 31.29700986
2000 20.75678494
2001 21.81215477
2002 21.43468074
2003 20.9980373
2004 22.14510938
2005 22.70392506
2006 27.28623787
2007 30.53228395
2008 31.3116387
2009 30.02822004
2010 32.32426733
2011 34.93141814
2012 37.72047197
2013 39.45522795
2014 42.35822862
2015 46.88513959
2016 47.03503408
2017 49.78731554
2018 49.55344366
2019 51.53810064
2020 54.32695731
2021 51.11216078
2022 44.15714092

Colombia | 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 Colombia
Records
63
Source