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