Latin America & Caribbean | 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
Latin America & Caribbean
Records
63
Source
Latin America & Caribbean | Domestic credit to private sector by banks (% of GDP)
17.82426756 1960
17.26554527 1961
18.22931792 1962
17.59214759 1963
17.95908032 1964
17.94192108 1965
18.12518182 1966
19.52209608 1967
20.48709385 1968
22.10272964 1969
23.32432815 1970
24.02718657 1971
24.56186372 1972
22.76276048 1973
22.47769528 1974
25.59677702 1975
27.62399989 1976
21.57044275 1977
23.21191731 1978
23.14435063 1979
22.99994205 1980
23.39671721 1981
23.94996225 1982
24.10029991 1983
22.64193729 1984
19.71672897 1985
19.65149843 1986
20.04277353 1987
19.65305455 1988
71.95704332 1989
28.67485436 1990
28.03967247 1991
41.66970586 1992
54.47613821 1993
38.56425204 1994
31.63976302 1995
29.76337642 1996
30.96462716 1997
26.36389676 1998
25.00270191 1999
24.06744517 2000
21.82124653 2001
22.1017434 2002
21.4222274 2003
21.80959755 2004
23.7287075 2005
26.65577353 2006
30.4272006 2007
32.42546764 2008
34.11104695 2009
36.602105 2010
40.34143416 2011
42.36137308 2012
43.99052823 2013
45.40679747 2014
45.10071619 2015
44.56345813 2016
44.43347714 2017
45.16919399 2018
46.85869692 2019
49.96679476 2020
47.82357494 2021
47.36722089 2022

Latin America & Caribbean | 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
Latin America & Caribbean
Records
63
Source