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

Domestic credit to private sector by banks (% of GDP) in Ecuador was 44.90 as of 2020. Its highest value over the past 60 years was 44.90 in 2020, while its lowest value was 8.58 in 1965.

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 10.89
1961 10.29
1962 11.18
1963 9.74
1964 9.01
1965 8.58
1966 8.62
1967 9.64
1968 11.13
1969 10.02
1970 9.02
1971 10.50
1972 10.42
1973 10.74
1974 9.21
1975 10.38
1976 11.30
1977 11.68
1978 12.71
1979 12.77
1980 12.44
1981 12.70
1982 13.86
1983 16.46
1984 18.22
1985 16.20
1986 15.03
1987 14.30
1988 9.91
1989 8.69
1990 8.89
1991 9.02
1992 9.75
1993 15.17
1994 20.48
1995 22.06
1996 22.18
1997 23.95
1998 21.90
1999 22.41
2000 26.02
2001 23.96
2002 17.94
2003 16.64
2004 18.71
2005 20.30
2006 21.10
2007 22.00
2008 22.51
2009 22.17
2010 24.49
2011 25.28
2012 26.08
2013 26.49
2014 27.13
2015 27.21
2016 28.74
2017 32.27
2018 35.97
2019 39.91
2020 44.90

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