Costa Rica | 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 Costa Rica
Records
63
Source
Costa Rica | Domestic credit to private sector by banks (% of GDP)
1960 27.04771704
1961 27.17372102
1962 25.76413409
1963 26.71111842
1964 29.21400929
1965 29.86126868
1966 27.69331348
1967 27.38082334
1968 25.92310894
1969 25.23119861
1970 25.39658289
1971 29.5922669
1972 28.80060371
1973 25.55301872
1974 27.99776045
1975 29.24318359
1976 28.59602623
1977 26.37757497
1978 28.52264909
1979 29.46935561
1980 27.74945304
1981 23.20380627
1982 18.73543038
1983 21.38051564
1984 19.9090981
1985 19.02386724
1986 17.89160728
1987 18.95805554
1988 17.75676297
1989 16.33511438
1990 15.8369193
1991 11.00562869
1992 12.45462053
1993 14.33655491
1994 13.97629471
1995 10.72166831
1996 13.60001338
1997 14.8000626
1998 19.05488092
1999 22.45232372
2000 25.50327681
2001 28.24231951
2002 30.38077836
2003 31.59265278
2004 31.84293807
2005 35.33787478
2006 37.43532172
2007 43.29667924
2008 48.89590961
2009 46.98795722
2010 43.65581095
2011 45.47063406
2012 46.92005681
2013 49.12186473
2014 52.49425932
2015 54.480008
2016 57.83711804
2017 58.56112989
2018 59.36621812
2019 55.23326433
2020 59.1894382
2021 55.55813718
2022 51.6546729

Costa Rica | 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 Costa Rica
Records
63
Source