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

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