Venezuela, RB | 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
Bolivarian Republic of Venezuela
Records
63
Source
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Venezuela, RB | Domestic credit to private sector by banks (% of GDP)
15.6752756 1960
14.80905861 1961
14.22523285 1962
13.69135649 1963
14.51946011 1964
15.41542518 1965
15.0440328 1966
15.61489489 1967
16.10630052 1968
16.92954216 1969
16.68351754 1970
16.77097006 1971
18.21745634 1972
19.38924003 1973
16.90013721 1974
24.30066555 1975
29.08100426 1976
29.83789963 1977
33.43250917 1978
28.41862547 1979
27.27290609 1980
26.52376511 1981
29.23283711 1982
30.65303003 1983
24.67269897 1984
24.82808704 1985
30.61324033 1986
28.89741981 1987
29.99233925 1988
19.92106523 1989
16.51697634 1990
18.41354644 1991
18.58811957 1992
15.76498519 1993
9.19833059 1994
8.65585401 1995
8.1265829 1996
12.60687499 1997
12.04049644 1998
11.21427062 1999
10.48383102 2000
12.2927352 2001
10.03860012 2002
8.80737844 2003
11.0064991 2004
13.15874471 2005
16.97928845 2006
23.419957 2007
21.42136861 2008
23.55062418 2009
18.79693113 2010
20.37389374 2011
25.17537697 2012
29.75614175 2013
39.51461776 2014
2015
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2022
Venezuela, RB | 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
Bolivarian Republic of Venezuela
Records
63
Source
Create chart Download showed records Download Full dataset