Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Create chart Download showed records Download Full dataset
Heavily indebted poor countries (HIPC) | Domestic credit to private sector by banks (% of GDP)
7.41467602 1960
7.85690535 1961
8.53144986 1962
9.38991794 1963
9.34242372 1964
8.73723191 1965
8.8967367 1966
9.25538365 1967
9.95278601 1968
10.2896882 1969
10.59150155 1970
11.37406451 1971
11.95449987 1972
12.48609209 1973
14.05529985 1974
15.24134458 1975
15.26801496 1976
16.38415046 1977
17.3750416 1978
18.46334935 1979
18.93676138 1980
17.20266063 1981
18.28042377 1982
17.18467418 1983
13.52891626 1984
13.89744991 1985
14.41545969 1986
15.30421168 1987
13.25180286 1988
12.68332388 1989
12.4833097 1990
11.86892474 1991
12.42584337 1992
11.67905809 1993
10.56576384 1994
10.37588482 1995
11.14046193 1996
11.97262309 1997
12.87030106 1998
13.24089823 1999
11.60383711 2000
11.37044691 2001
11.00859132 2002
11.13738654 2003
11.01527672 2004
11.50624069 2005
12.14982441 2006
12.78210736 2007
13.20024246 2008
13.8417817 2009
13.91328473 2010
14.23243162 2011
15.49125761 2012
15.8658764 2013
16.50534794 2014
17.91388781 2015
18.25480878 2016
17.84305552 2017
19.24960483 2018
19.35122274 2019
20.59720277 2020
20.73514385 2021
22.75801565 2022
Heavily indebted poor countries (HIPC) | 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
Heavily indebted poor countries (HIPC)
Records
63
Source
Create chart Download showed records Download Full dataset