Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source
Early-demographic dividend | Domestic credit to private sector by banks (% of GDP)
11.94356908 1960
12.38836646 1961
13.1382853 1962
13.34459525 1963
13.5021634 1964
16.36809081 1965
17.7434806 1966
18.28142616 1967
19.00835905 1968
20.15357977 1969
20.77797459 1970
21.41710778 1971
22.14841505 1972
22.07415789 1973
19.11384508 1974
21.34321399 1975
22.69071583 1976
20.45740468 1977
21.23904064 1978
21.48879384 1979
20.24716762 1980
20.67314335 1981
21.52386295 1982
23.27718188 1983
22.83438397 1984
22.48064304 1985
24.33031675 1986
24.37232722 1987
24.45934925 1988
25.82968966 1989
24.12838238 1990
21.46792153 1991
24.53076623 1992
24.55613393 1993
26.60869842 1994
27.26916438 1995
27.01321418 1996
28.96928527 1997
26.9161996 1998
25.53402186 1999
25.13733164 2000
24.84916305 2001
24.92611293 2002
25.31618024 2003
26.75132798 2004
28.61804251 2005
30.42104136 2006
32.48392588 2007
32.77543885 2008
34.54750684 2009
35.14546363 2010
35.97422815 2011
36.78649449 2012
38.05815442 2013
39.67560307 2014
41.66005103 2015
42.37065009 2016
41.51250734 2017
41.1581437 2018
41.57452576 2019
44.92158076 2020
42.72513532 2021
2022

Early-demographic dividend | 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
Early-demographic dividend
Records
63
Source