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
IDA blend | Domestic credit to private sector (% of GDP)
1960 7.56220385
1961 8.40956953
1962 10.39580344
1963 12.01570913
1964 13.9221718
1965 14.7731366
1966 16.26858872
1967 18.02280795
1968 17.7993545
1969 16.77097946
1970 14.13880437
1971 16.00200038
1972 15.96014642
1973 12.90025148
1974 10.05152975
1975 11.56106643
1976 12.42932591
1977 14.49046776
1978 16.12356279
1979 15.05384443
1980 16.68383196
1981 9.43579785
1982 10.51773577
1983 11.9139946
1984 12.90650434
1985 13.72973945
1986 16.9783498
1987 16.66715001
1988 16.63795067
1989 16.87721564
1990 15.02499021
1991 14.72956574
1992 16.17643159
1993 15.09603248
1994 14.67203166
1995 12.78236574
1996 11.73128177
1997 12.27361162
1998 12.4216184
1999 17.56996972
2000 14.33896382
2001 14.95864268
2002 15.33906384
2003 15.54146849
2004 15.6576312
2005 15.27386119
2006 14.87823987
2007 17.91708176
2008 20.85390913
2009 19.90500256
2010 16.50146653
2011 14.79944393
2012 14.13577492
2013 14.130212
2014 15.36688913
2015 15.57137238
2016 16.8337821
2017 16.64723368
2018 15.85874337
2019 16.32882775
2020 17.47583341
2021 18.0789845
2022 18.35656853

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