Cabo Verde - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Cabo Verde was 72.57 as of 2020. Its highest value over the past 40 years was 72.57 in 2020, while its lowest value was 1.66 in 1986.

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
1980 3.12
1981 3.20
1982 2.81
1983 2.68
1984 2.07
1985 2.17
1986 1.66
1987 2.22
1988 2.88
1989 3.44
1990 4.71
1991 4.45
1992 4.64
1993 13.93
1994 19.44
1995 24.82
1996 24.40
1997 29.64
1998 29.88
1999 39.29
2000 38.25
2001 29.24
2002 32.26
2003 34.05
2004 36.33
2005 37.68
2006 43.61
2007 44.60
2008 51.48
2009 57.15
2010 60.99
2011 65.28
2012 63.85
2013 63.68
2014 62.79
2015 61.37
2016 60.76
2017 61.99
2018 59.65
2019 58.18
2020 72.57

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