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

Domestic credit to private sector by banks (% of GDP) in Fiji was 81.98 as of 2020. Its highest value over the past 59 years was 81.98 in 2020, while its lowest value was 9.05 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
1961 11.26
1962 9.68
1963 9.13
1964 9.05
1965 9.90
1966 10.25
1967 9.79
1968 11.24
1969 11.20
1970 12.38
1971 14.53
1972 15.46
1973 17.04
1974 16.79
1975 13.91
1976 16.40
1977 18.10
1978 18.11
1979 19.70
1980 19.18
1981 22.09
1982 22.09
1983 24.10
1984 25.47
1985 26.62
1986 25.15
1987 26.86
1988 25.92
1989 30.83
1990 34.16
1991 39.32
1992 38.23
1993 39.42
1994 40.43
1995 40.14
1996 39.00
1997 33.60
1998 29.34
1999 26.14
2000 32.08
2001 28.46
2002 39.75
2003 41.52
2004 47.39
2005 54.80
2006 62.50
2007 61.92
2008 64.44
2009 64.97
2010 62.64
2011 57.94
2012 58.69
2013 59.06
2014 57.40
2015 61.19
2016 65.70
2017 67.01
2018 68.29
2019 70.09
2020 81.98

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