Guyana | 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
Co-operative Republic of Guyana
Records
63
Source
Guyana | Domestic credit to private sector by banks (% of GDP)
1960 11.24057574
1961 9.22787194
1962 8.61759425
1963 9.52538998
1964 9.52380952
1965 8.55172414
1966 10.54526749
1967 11.12626381
1968 13.41240479
1969 14.85760128
1970 16.43577296
1971 16.67966673
1972 16.17820791
1973 17.99813896
1974 13.04723997
1975 11.74315789
1976 12.97297773
1977 13.22361519
1978 13.08819121
1979 16.1085891
1980 16.6816313
1981 20.11515467
1982 25.81818811
1983 29.7753406
1984 31.56235529
1985 29.94687179
1986 33.91101539
1987 30.26356747
1988 40.41580571
1989 25.67694244
1990 27.16852322
1991 17.4214315
1992 19.19663842
1993 18.60342162
1994 20.04993826
1995 26.02243439
1996 39.34558606
1997 45.43350665
1998 52.55438467
1999 50.06574843
2000 50.47444911
2001 52.78289749
2002 53.13010133
2003 44.88659415
2004 41.04106011
2005 41.72589994
2006 16.62947719
2007 16.67795615
2008 17.68605622
2009 18.19702706
2010 19.52320191
2011 21.48033666
2012 23.35009816
2013 26.04127479
2014 28.69880535
2015 29.31518595
2016 28.52860321
2017 27.50049244
2018 28.21474996
2019 28.05891775
2020 27.18702322
2021 20.16654101
2022 12.59001265

Guyana | 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
Co-operative Republic of Guyana
Records
63
Source