IDA blend | 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
IDA blend
Records
63
Source
Create chart Download showed records Download Full dataset
IDA blend | Domestic credit to private sector by banks (% of GDP)
7.56220385 1960
8.21686164 1961
10.04480815 1962
11.57286471 1963
13.65071312 1964
14.28294449 1965
15.94600567 1966
17.49757791 1967
16.952679 1968
15.8590294 1969
13.44338859 1970
15.55459345 1971
15.36589575 1972
12.92825286 1973
10.20437915 1974
11.36315466 1975
12.0163509 1976
13.88040816 1977
15.53176304 1978
15.45272777 1979
16.16678276 1980
9.5435227 1981
10.67813691 1982
12.02815105 1983
13.145734 1984
13.9688937 1985
17.21430571 1986
16.90299474 1987
16.90430671 1988
17.25343633 1989
15.4565611 1990
15.06731275 1991
16.43545441 1992
15.35897784 1993
14.963617 1994
13.00713257 1995
11.92252745 1996
12.4677998 1997
12.57188536 1998
17.62948752 1999
14.48230064 2000
14.87873851 2001
15.17288279 2002
15.37810372 2003
15.49875983 2004
15.09127054 2005
14.66830692 2006
17.49620886 2007
20.57419129 2008
19.66519769 2009
16.28087612 2010
14.59342409 2011
13.91550256 2012
13.93872237 2013
15.16822314 2014
15.35245551 2015
16.59291084 2016
16.38061131 2017
15.58354898 2018
15.63943089 2019
16.76466801 2020
17.27215986 2021
17.59139782 2022
IDA blend | 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
IDA blend
Records
63
Source
Create chart Download showed records Download Full dataset