United States | Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. Development relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy. Limitations and exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector. Statistical concept and methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.
Publisher
The World Bank
Origin
United States of America
Records
63
Source
United States | Domestic credit provided by financial sector (% of GDP)
1960 101.08410776
1961 106.46037615
1962 106.25825939
1963 110.33587658
1964 112.3764511
1965 114.02084567
1966 109.4892355
1967 113.97365382
1968 114.3778021
1969 110.70136648
1970 112.68844709
1971 116.13248856
1972 119.88477463
1973 117.20040826
1974 113.7818091
1975 113.66469262
1976 113.99225003
1977 113.62404032
1978 113.72059656
1979 114.09698131
1980 116.44353199
1981 111.49843403
1982 118.03768022
1983 122.98639956
1984 124.19413697
1985 134.28713495
1986 143.46332369
1987 145.60276431
1988 144.54112713
1989 147.77196197
1990 145.62123629
1991 152.86116672
1992 154.27638725
1993 158.39517276
1994 156.33885622
1995 166.23649911
1996 171.58527778
1997 180.06923745
1998 190.51770534
1999 201.87936611
2000 191.59250397
2001 199.35724775
2002 192.65245497
2003 207.57683519
2004 213.94221031
2005 217.2506883
2006 227.00030198
2007 235.96517344
2008 214.06232905
2009 222.08183932
2010 218.0254269
2011 219.28627548
2012 221.13511727
2013 230.18840991
2014 232.61046958
2015 227.47119873
2016 232.88799064
2017 242.10395053
2018 229.53134645
2019 242.80044023
2020 280.17225143
2021 289.20196191
2022

United States | Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. Development relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy. Limitations and exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector. Statistical concept and methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.
Publisher
The World Bank
Origin
United States of America
Records
63
Source