IDA blend | Domestic credit to private sector (% of GDP)
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
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 (% of GDP)
7.56220385 1960
8.40956953 1961
10.39580344 1962
12.01570913 1963
13.9221718 1964
14.7731366 1965
16.26858872 1966
18.02280795 1967
17.7993545 1968
16.77097946 1969
14.13880437 1970
16.00200038 1971
15.96014642 1972
12.90025148 1973
10.05152975 1974
11.56106643 1975
12.42932591 1976
14.49046776 1977
16.12356279 1978
15.05384443 1979
16.68383196 1980
9.43579785 1981
10.51773577 1982
11.9139946 1983
12.90650434 1984
13.72973945 1985
16.9783498 1986
16.66715001 1987
16.63795067 1988
16.87721564 1989
15.02499021 1990
14.72956574 1991
16.17643159 1992
15.09603248 1993
14.67203166 1994
12.78236574 1995
11.73128177 1996
12.27361162 1997
12.4216184 1998
17.56996972 1999
14.33896382 2000
14.95864268 2001
15.33906384 2002
15.54146849 2003
15.6576312 2004
15.27386119 2005
14.87823987 2006
17.91708176 2007
20.85390913 2008
19.90500256 2009
16.50146653 2010
14.79944393 2011
14.13577492 2012
14.130212 2013
15.36688913 2014
15.57137238 2015
16.8337821 2016
16.64723368 2017
15.85874337 2018
16.32882775 2019
17.47583341 2020
18.0789845 2021
18.35656853 2022
IDA blend | Domestic credit to private sector (% of GDP)
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.
Publisher
The World Bank
Origin
IDA blend
Records
63
Source
Create chart Download showed records Download Full dataset