Low 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
Low income
Records
63
Source
Create chart Download showed records Download Full dataset
Low income | Domestic credit to private sector by banks (% of GDP)
9.0216306 1960
8.91926511 1961
9.86830335 1962
10.39474548 1963
9.69094046 1964
8.99820299 1965
9.25876697 1966
7.99700091 1967
8.74820288 1968
8.46662583 1969
8.19138109 1970
7.938778 1971
8.38674784 1972
9.04339882 1973
9.12898874 1974
9.10641423 1975
8.83062374 1976
8.58242041 1977
9.53332367 1978
10.51660357 1979
10.61258632 1980
8.7650568 1981
9.0795476 1982
9.10229733 1983
7.70944787 1984
7.47195309 1985
7.70042804 1986
7.61614987 1987
6.37749095 1988
6.32313609 1989
6.11289563 1990
6.3626165 1991
7.01028223 1992
7.22801088 1993
6.90638393 1994
7.70192234 1995
8.27608727 1996
8.5452254 1997
8.69254791 1998
8.75121795 1999
7.39480512 2000
7.56858995 2001
7.56719657 2002
8.79407001 2003
9.68186206 2004
11.4935804 2005
12.01541009 2006
12.09662325 2007
13.61902714 2008
14.90125723 2009
15.93706363 2010
11.33921048 2011
10.23550101 2012
10.43634753 2013
11.29450795 2014
11.68922973 2015
11.97636591 2016
11.43737929 2017
2018
2019
2020
2021
2022
Low 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
Low income
Records
63
Source
Create chart Download showed records Download Full dataset