Congo, Dem. Rep. | 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
Democratic Republic of the Congo
Records
63
Source
Congo, Dem. Rep. | Domestic credit to private sector by banks (% of GDP)
1960
1961
1962
1963 1.29608314
1964 1.87189125
1965 1.4537415
1966 1.64462924
1967 1.50731945
1968 1.03124359
1969 1.05566687
1970 1.68390804
1971 1.92566486
1972 2.77394648
1973 3.27477374
1974 4.5821853
1975 5.51838615
1976 4.2791882
1977 4.49325649
1978 4.65796978
1979 3.18905221
1980 2.73258215
1981 2.30195276
1982 2.28108242
1983 1.98651768
1984 1.55300161
1985 1.52547233
1986 1.98299137
1987 2.66340851
1988 2.2775323
1989 1.84171358
1990 1.68989595
1991 0.643386
1992 0.76529495
1993 0.91381872
1994 1.00783715
1995 0.88538269
1996
1997
1998
1999
2000 0.73221119
2001 0.48817326
2002 0.44918295
2003 0.74955961
2004 1.06818658
2005 1.20107401
2006 2.06976392
2007 2.60657199
2008 4.96160232
2009 5.2765292
2010 3.69757418
2011 4.00023328
2012 4.77347276
2013 5.2246342
2014 5.6853738
2015 6.25134241
2016 7.36104199
2017 5.43280517
2018 5.7704805
2019 5.97207142
2020 7.41171211
2021 7.19408078
2022

Congo, Dem. Rep. | 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
Democratic Republic of the Congo
Records
63
Source