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