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

Domestic credit to private sector by banks (% of GDP) in Guatemala was 35.27 as of 2020. Its highest value over the past 60 years was 35.27 in 2020, while its lowest value was 10.08 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 10.08
1961 10.50
1962 10.24
1963 10.62
1964 11.81
1965 12.81
1966 13.22
1967 14.13
1968 13.61
1969 13.69
1970 12.69
1971 12.65
1972 12.95
1973 11.91
1974 12.66
1975 12.53
1976 12.27
1977 12.62
1978 14.30
1979 15.12
1980 16.23
1981 16.67
1982 17.63
1983 19.22
1984 20.45
1985 19.09
1986 14.84
1987 16.52
1988 16.28
1989 15.55
1990 14.18
1991 11.95
1992 14.47
1993 13.89
1994 15.02
1995 19.27
1996 18.96
1997 18.53
1998 20.52
1999 20.68
2000 19.77
2001 22.10
2002 20.91
2003 26.02
2004 26.01
2005 25.12
2006 28.20
2007 28.05
2008 27.22
2009 25.26
2010 23.73
2011 23.41
2012 31.64
2013 32.57
2014 32.94
2015 34.65
2016 35.14
2017 34.57
2018 34.50
2019 33.56
2020 35.27

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