Arab World - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Arab World was 54.72 as of 2017. Its highest value over the past 55 years was 56.67 in 2016, while its lowest value was 11.11 in 1964.

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
1962 12.10
1963 12.40
1964 11.11
1965 12.96
1966 13.02
1967 13.14
1968 14.25
1969 15.25
1970 14.01
1971 13.92
1972 15.78
1973 16.13
1974 11.46
1975 14.16
1976 15.01
1977 16.51
1978 19.34
1979 18.82
1980 17.11
1981 19.10
1982 23.97
1983 27.92
1984 29.84
1985 32.00
1986 36.91
1987 35.79
1988 38.34
1989 35.32
1990 26.64
1991 24.41
1992 20.92
1993 22.12
1994 23.72
1995 25.29
1996 24.68
1997 27.33
1998 32.53
1999 32.79
2000 30.62
2001 32.29
2002 32.91
2003 32.21
2004 31.68
2005 32.81
2006 33.02
2007 35.98
2008 37.56
2009 43.75
2010 39.92
2011 38.31
2012 37.50
2013 39.24
2014 43.06
2015 52.98
2016 56.67
2017 54.72

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