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

Domestic credit to private sector by banks (% of GDP) in Kuwait was 90.92 as of 2018. Its highest value over the past 53 years was 105.19 in 2016, while its lowest value was 9.22 in 1974.

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
1965 9.92
1966 10.09
1967 11.09
1968 14.12
1969 13.65
1970 13.36
1971 10.63
1972 12.00
1973 15.44
1974 9.22
1975 14.36
1976 24.01
1977 30.15
1978 36.20
1979 30.53
1980 33.96
1981 52.44
1982 72.19
1983 71.79
1984 72.43
1985 73.43
1986 93.55
1987 83.02
1988 90.85
1989 73.71
1991 26.73
1992 17.72
1993 17.16
1994 23.08
1995 30.03
1996 33.65
1997 46.97
1998 60.73
1999 54.69
2000 45.39
2001 56.63
2002 58.34
2003 59.46
2004 56.36
2005 50.93
2006 49.95
2007 59.58
2008 57.26
2009 79.07
2010 74.64
2011 60.79
2012 55.74
2013 59.75
2014 67.64
2015 98.51
2016 105.19
2017 98.70
2018 90.92

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