Dominican Republic - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Dominican Republic was 28.97 as of 2020. Its highest value over the past 60 years was 32.40 in 2002, while its lowest value was 4.85 in 1961.

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 5.84
1961 4.85
1962 6.88
1963 6.35
1964 7.08
1965 7.69
1966 7.33
1967 7.57
1968 10.48
1969 12.33
1970 12.13
1971 20.99
1972 21.09
1973 22.98
1974 26.78
1975 26.22
1976 28.37
1977 28.10
1978 30.06
1979 30.77
1980 30.24
1981 28.61
1982 32.33
1983 32.10
1984 28.32
1985 26.15
1986 31.36
1987 31.91
1988 27.94
1989 31.33
1990 27.29
1991 16.15
1992 17.85
1993 18.23
1994 18.63
1995 18.77
1996 20.53
1997 21.66
1998 22.77
1999 26.03
2000 28.61
2001 31.41
2002 32.40
2003 31.21
2004 19.29
2005 18.92
2006 17.97
2007 20.00
2008 19.76
2009 20.53
2010 21.74
2011 21.97
2012 21.52
2013 22.56
2014 24.16
2015 24.86
2016 25.63
2017 25.90
2018 25.86
2019 26.86
2020 28.97

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