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

Domestic credit to private sector by banks (% of GDP) in Lebanon was 101.59 as of 2017. Its highest value over the past 29 years was 101.59 in 2017, while its lowest value was 42.65 in 1993.

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
1988 54.46
1989 65.04
1990 78.47
1991 45.27
1992 48.00
1993 42.65
1994 48.36
1995 54.31
1996 58.97
1997 63.72
1998 71.44
1999 80.06
2000 85.49
2001 83.41
2002 79.41
2003 75.43
2004 75.30
2005 67.27
2006 69.55
2007 71.50
2008 72.33
2009 68.53
2010 78.86
2011 85.72
2012 85.94
2013 88.47
2014 94.25
2015 95.96
2016 99.32
2017 101.59

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