Middle East & North Africa | 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
Middle East & North Africa
Records
63
Source
Middle East & North Africa | Domestic credit to private sector by banks (% of GDP)
1960
1961 13.77181866
1962 13.41423886
1963 14.01502228
1964 14.11321817
1965 15.05832
1966 15.91394207
1967 16.3700889
1968 17.03902624
1969 18.15641652
1970 16.11903373
1971 15.77095375
1972 17.40683274
1973 17.58994951
1974 12.6079216
1975 16.08768296
1976 17.03794868
1977 18.27130979
1978
1979 20.76288681
1980 19.77425059
1981 20.69298571
1982 23.35948227
1983 25.67458497
1984 26.51125908
1985 28.13157378
1986 32.04587268
1987 32.82032603
1988 34.64026944
1989 33.00260567
1990 26.03259377
1991 24.59123153
1992 20.79027667
1993 21.77296377
1994 22.9004391
1995 29.14638595
1996 28.43654713
1997 31.08286517
1998 35.70749757
1999 36.05258706
2000 35.78643713
2001 37.97848634
2002 38.31815534
2003 37.43470864
2004 36.66505703
2005 38.0299077
2006 38.53149905
2007 40.9643966
2008 41.98291833
2009 47.3142859
2010 44.67867113
2011 42.96665838
2012 41.92511069
2013 42.30734843
2014 45.98968585
2015 54.6707215
2016 57.7274837
2017 55.30922471
2018
2019
2020
2021
2022
Middle East & North Africa | 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
Middle East & North Africa
Records
63
Source