Haiti | 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 Haiti
Records
63
Source
Haiti | Domestic credit to private sector by banks (% of GDP)
1.42027152 1960
1.48303365 1961
1.46862256 1962
1.62097968 1963
1.62321093 1964
2.24157386 1965
2.36217186 1966
2.77792678 1967
2.51325656 1968
2.77423023 1969
3.8602657 1970
3.757828 1971
4.79290323 1972
7.23941731 1973
9.97686594 1974
10.63563252 1975
10.27617747 1976
11.35421331 1977
13.20141655 1978
13.42587451 1979
11.53691285 1980
12.33924564 1981
12.57613621 1982
11.5269155 1983
10.90298425 1984
9.98463223 1985
8.66081967 1986
9.35075225 1987
9.56788844 1988
10.98805596 1989
11.63069426 1990
10.30148808 1991
10.14785466 1992
10.86391503 1993
10.17929222 1994
12.45413214 1995
12.48729865 1996
15.38611339 1997
13.76557614 1998
14.02321888 1999
8.74963054 2000
8.03665998 2001
9.49887574 2002
9.31958899 2003
7.86600745 2004
8.4540257 2005
7.9850131 2006
7.53683448 2007
8.16147646 2008
7.76883618 2009
7.29257788 2010
8.04355595 2011
10.33369463 2012
10.28766281 2013
10.88741869 2014
10.24166792 2015
9.95915265 2016
9.39211694 2017
10.77566673 2018
9.95616299 2019
8.20673257 2020
8.06623647 2021
8.03404695 2022
Haiti | 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 Haiti
Records
63
Source