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

Domestic credit to private sector by banks (% of GDP) in Guyana was 27.19 as of 2020. Its highest value over the past 60 years was 53.13 in 2002, while its lowest value was 8.55 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 11.24
1961 9.23
1962 8.62
1963 9.53
1964 9.52
1965 8.55
1966 10.55
1967 11.13
1968 13.41
1969 14.86
1970 16.44
1971 16.68
1972 16.18
1973 18.00
1974 13.05
1975 11.74
1976 12.97
1977 13.22
1978 13.09
1979 16.11
1980 16.68
1981 20.12
1982 25.82
1983 29.78
1984 31.56
1985 29.95
1986 33.91
1987 30.26
1988 40.42
1989 25.68
1990 27.17
1991 17.42
1992 19.20
1993 18.60
1994 20.05
1995 26.02
1996 39.35
1997 45.43
1998 52.55
1999 50.07
2000 50.47
2001 52.78
2002 53.13
2003 44.89
2004 41.04
2005 41.73
2006 16.63
2007 16.68
2008 17.69
2009 18.20
2010 19.52
2011 21.48
2012 23.35
2013 26.04
2014 28.70
2015 29.32
2016 28.53
2017 27.50
2018 28.21
2019 28.06
2020 27.19

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