Kuwait | 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
State of Kuwait
Records
63
Source
Kuwait | Domestic credit to private sector by banks (% of GDP)
1960
1961
1962
1963
1964
1965 9.91989319
1966 10.09367681
1967 11.08944954
1968 14.12197687
1969 13.65015167
1970 13.35866706
1971 10.6310617
1972 12.00136612
1973 15.43544667
1974 9.22370861
1975 14.36191527
1976 24.00708389
1977 30.15081504
1978 36.19585864
1979 30.53159538
1980 33.96331136
1981 52.43923237
1982 72.18743693
1983 71.78504149
1984 72.43130781
1985 73.42703963
1986 93.54560504
1987 83.02143211
1988 90.84563311
1989 73.70815569
1990
1991 26.73014336
1992 17.72419089
1993 17.16249624
1994 23.07859172
1995 30.02625125
1996 33.65220435
1997 46.96796898
1998 60.7297793
1999 54.69208371
2000 45.3894886
2001 56.63054206
2002 58.33706644
2003 59.46456908
2004 56.36454355
2005 50.93266704
2006 49.95414242
2007 59.57938773
2008 57.26492814
2009 79.07192699
2010 74.639166
2011 60.79023253
2012 55.7432613
2013 59.75196236
2014 67.64078998
2015 98.5107721
2016 105.18714473
2017 98.69910722
2018 90.91908607
2019 95.10658676
2020 6.25785723
2021 5.02728554
2022 3.7061268

Kuwait | 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
State of Kuwait
Records
63
Source