Burkina Faso - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Burkina Faso was 28.30 as of 2020. Its highest value over the past 60 years was 28.30 in 2020, while its lowest value was 1.14 in 1960.

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
1960 1.14
1961 2.22
1962 2.30
1963 3.13
1964 3.59
1965 3.71
1966 3.15
1967 3.18
1968 3.44
1969 4.49
1970 4.35
1971 4.49
1972 4.90
1973 5.99
1974 8.38
1975 10.61
1976 13.69
1977 16.29
1978 16.47
1979 15.23
1980 14.39
1981 13.46
1982 12.73
1983 12.48
1984 11.67
1985 13.07
1986 13.64
1987 14.33
1988 14.70
1989 16.29
1990 16.75
1991 12.26
1992 10.68
1993 9.67
1994 6.87
1995 6.65
1996 6.79
1997 11.42
1998 10.93
1999 8.94
2000 10.32
2001 9.71
2002 8.86
2003 11.35
2004 12.87
2005 13.23
2006 14.61
2007 12.73
2008 15.04
2009 16.02
2010 15.58
2011 15.31
2012 16.59
2013 20.77
2014 23.36
2015 24.99
2016 25.76
2017 27.37
2018 27.10
2019 28.05
2020 28.30

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