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
5.98692033 1973
6.67414634 1974
5.32549729 1975
6.02570093 1976
5.50862582 1977
6.2700604 1978
8.70650839 1979
7.05772092 1980
10.90183727 1981
13.58810973 1982
11.79908069 1983
14.46932679 1984
15.35989983 1985
12.97636281 1986
14.72703602 1987
14.94216825 1988
14.84955265 1989
15.59595952 1990
16.16359641 1991
15.59447398 1992
17.97905164 1993
22.02083783 1994
18.00578307 1995
16.1304962 1996
21.14158588 1997
16.01700282 1998
14.53022376 1999
13.54582949 2000
12.2808677 2001
12.33155812 2002
5.17866959 2003
5.08897561 2004
7.05100492 2005
7.19589086 2006
9.8051406 2007
9.84493337 2008
12.4239817 2009
13.24583127 2010
14.17459704 2011
18.36104845 2012
19.72443248 2013
19.10128158 2014
18.04291377 2015
17.81149538 2016
19.67467622 2017
19.8437764 2018
21.26561646 2019
21.47732231 2020
22.61319854 2021
22.54646508 2022
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