Antigua and Barbuda - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Antigua and Barbuda was 55.39 as of 2020. Its highest value over the past 43 years was 79.08 in 2010, while its lowest value was 28.95 in 1980.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1977 40.02
1978 38.16
1979 29.16
1980 28.95
1981 32.91
1982 31.04
1983 36.63
1984 32.72
1985 33.88
1986 32.98
1987 39.29
1988 38.32
1989 39.56
1990 40.55
1991 42.09
1992 45.03
1993 43.27
1994 38.57
1995 45.35
1996 49.70
1997 55.89
1998 56.14
1999 57.81
2000 58.63
2001 62.40
2002 66.26
2003 64.51
2004 60.73
2005 60.31
2006 64.16
2007 64.43
2008 66.69
2009 74.26
2010 79.08
2011 76.63
2012 70.38
2013 68.75
2014 61.82
2015 52.30
2016 48.75
2017 46.24
2018 43.10
2019 42.92
2020 55.39

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).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets