Congo, 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
Republic of the Congo
Records
63
Source
Congo, Rep. | Domestic credit to private sector by banks (% of GDP)
1960 22.22909707
1961 22.82257623
1962 19.85293621
1963 22.32227134
1964 22.6153794
1965 20.12345265
1966 19.46494465
1967 19.28082522
1968 18.05305466
1969 16.92453813
1970 16.28552632
1971 16.0687657
1972 15.51497585
1973 15.31539735
1974 15.09155429
1975 17.17396594
1976 19.87132557
1977 20.70691489
1978 19.87947554
1979 17.8772549
1980 15.53718091
1981 17.3900683
1982 18.47239437
1983 19.01288789
1984 18.83735003
1985 20.72970746
1986 31.67958152
1987 27.06705793
1988 16.24036419
1989 14.73396288
1990 15.69225722
1991 15.99674776
1992 15.75631118
1993 8.68569925
1994 7.69809438
1995 8.11238402
1996 7.5472032
1997 7.85771188
1998 9.73915312
1999 10.90174567
2000 4.78054526
2001 4.89742713
2002 2.8660744
2003 3.63584014
2004 2.93264924
2005 2.21035522
2006 2.01041976
2007 2.17001792
2008 3.19409558
2009 4.84612942
2010 5.95091942
2011 7.13274736
2012 7.37854729
2013 8.84259535
2014 11.11745779
2015 15.16756445
2016 17.84360895
2017 15.68130954
2018 12.92188289
2019 12.5607613
2020 15.45703005
2021 13.82212007
2022

Congo, 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
Republic of the Congo
Records
63
Source