Lesotho | 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
Kingdom of Lesotho
Records
63
Source
Lesotho | Domestic credit to private sector by banks (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973 5.98692033
1974 6.67414634
1975 5.32549729
1976 6.02570093
1977 5.50862582
1978 6.2700604
1979 8.70650839
1980 7.05772092
1981 10.90183727
1982 13.58810973
1983 11.79908069
1984 14.46932679
1985 15.35989983
1986 12.97636281
1987 14.72703602
1988 14.94216825
1989 14.84955265
1990 15.59595952
1991 16.16359641
1992 15.59447398
1993 17.97905164
1994 22.02083783
1995 18.00578307
1996 16.1304962
1997 21.14158588
1998 16.01700282
1999 14.53022376
2000 13.54582949
2001 12.2808677
2002 12.33155812
2003 5.17866959
2004 5.08897561
2005 7.05100492
2006 7.19589086
2007 9.8051406
2008 9.84493337
2009 12.4239817
2010 13.24583127
2011 14.17459704
2012 18.36104845
2013 19.72443248
2014 19.10128158
2015 18.04291377
2016 17.81149538
2017 19.67467622
2018 19.8437764
2019 21.26561646
2020 21.47732231
2021 22.61319854
2022 22.54646508
Lesotho | 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
Kingdom of Lesotho
Records
63
Source