Latin America & Caribbean (excluding high income) | 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 (excluding high income)
Records
63
Source
Latin America & Caribbean (excluding high income) | Domestic credit to private sector by banks (% of GDP)
1960 18.12435431
1961 19.51688589
1962 21.11253676
1963 20.62660619
1964 20.42481705
1965 20.37947791
1966 21.12041001
1967 22.78014724
1968 23.96960483
1969 25.88013574
1970 27.56035898
1971 28.89141077
1972 28.56681466
1973 27.04419313
1974 26.36334093
1975 26.7660149
1976 28.56099995
1977 19.00083925
1978 20.32403003
1979 20.61999925
1980 19.72437076
1981 19.8193773
1982 18.17100017
1983 20.33298273
1984 19.61513552
1985 16.49776719
1986 14.73713021
1987 16.58876935
1988 15.92133912
1989 76.89346767
1990 28.69686154
1991 27.95835187
1992 43.05344063
1993 56.91386529
1994 39.47580892
1995 31.83728592
1996 29.42759451
1997 30.60007629
1998 25.21819837
1999 23.50269249
2000 22.54143382
2001 19.73979932
2002 19.86302017
2003 19.31617087
2004 19.63174814
2005 21.66107613
2006 24.75605602
2007 28.48125092
2008 31.09096218
2009 33.02879793
2010 36.58050807
2011 40.08963533
2012 42.01195649
2013 43.4019402
2014 44.30241797
2015 43.01968553
2016 42.32969044
2017 42.31720955
2018 42.71719424
2019 44.33566603
2020 47.17299205
2021 45.39617403
2022 45.27221936
Latin America & Caribbean (excluding high income) | 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 (excluding high income)
Records
63
Source