South 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
Republic of South Africa
Records
63
Source
South Africa | Domestic credit to private sector by banks (% of GDP)
1960
1961
1962
1963
1964
41.52222817 1965
40.00640331 1966
39.52039643 1967
40.07766514 1968
41.09123955 1969
42.44556611 1970
42.44326326 1971
42.28191659 1972
44.05601525 1973
42.31820929 1974
44.1805862 1975
42.67305704 1976
41.75208037 1977
41.34615385 1978
40.17464205 1979
38.5174548 1980
42.08725333 1981
43.09275698 1982
44.80803501 1983
47.77184982 1984
48.11292714 1985
45.00313212 1986
44.13235818 1987
46.78063184 1988
46.69096138 1989
46.57043115 1990
1991
50.55365873 1992
48.97012755 1993
51.01499885 1994
52.03252019 1995
54.2164261 1996
55.85142108 1997
59.84628353 1998
59.7563705 1999
60.50602862 2000
66.78493468 2001
50.12484444 2002
54.05902002 2003
55.85457216 2004
58.8079522 2005
65.81707289 2006
70.38188203 2007
69.56412016 2008
66.94650531 2009
63.26957198 2010
61.42248759 2011
62.61474108 2012
61.55635277 2013
61.73053413 2014
62.51383813 2015
60.99746219 2016
60.08451368 2017
59.7411957 2018
60.22173761 2019
61.87543212 2020
57.89077203 2021
58.67366621 2022
South 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
Republic of South Africa
Records
63
Source