Myanmar | 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
Republic of the Union of Myanmar
Records
63
Source
Myanmar | Domestic credit to private sector by banks (% of GDP)
1960 6.19179721
1961 6.9882947
1962 7.17893407
1963 4.58862796
1964 3.15960422
1965 1.90188902
1966 2.28967047
1967 1.89093543
1968 1.9162827
1969 2.18860339
1970 4.70175452
1971 4.67184048
1972 6.35722261
1973 6.5828717
1974 2.99653726
1975 3.36542145
1976 4.87111235
1977 5.88493486
1978 7.43081749
1979 5.6859025
1980 5.5194387
1981 5.92350746
1982 5.27653748
1983 5.2746725
1984 4.47039949
1985 4.93311203
1986 5.09758074
1987 4.36402798
1988 3.67377943
1989 2.61659146
1990 4.74393417
1991 6.76061978
1992 7.76987242
1993 6.46564297
1994 5.99305038
1995 7.58156133
1996 9.56425667
1997 10.31889873
1998 9.69920039
1999 8.09772088
2000 9.51740929
2001 11.00217158
2002 10.34484714
2003 4.09568121
2004 4.74016289
2005 4.6570597
2006 3.87713992
2007 3.42373646
2008 3.1211029
2009 3.47217691
2010 4.76695379
2011 6.74676206
2012 9.31026615
2013 12.83852973
2014 15.56162638
2015 18.11470002
2016 22.00636698
2017 24.50054608
2018 26.20930858
2019 26.63790148
2020 28.98234809
2021
2022

Myanmar | 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
Republic of the Union of Myanmar
Records
63
Source