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

Domestic credit to private sector by banks (% of GDP) in Saudi Arabia was 53.97 as of 2017. Its highest value over the past 49 years was 58.11 in 2016, while its lowest value was 2.75 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
1968 7.35
1969 7.99
1970 7.07
1971 5.63
1972 4.55
1973 4.27
1974 2.75
1975 4.09
1976 4.37
1977 4.08
1978 5.28
1979 7.11
1980 6.80
1981 6.94
1982 9.55
1983 13.12
1984 14.75
1985 16.87
1986 19.45
1987 19.36
1988 22.39
1989 21.91
1990 16.11
1991 16.69
1992 16.76
1993 20.47
1994 22.36
1995 22.57
1996 20.79
1997 21.51
1998 29.19
1999 26.74
2000 24.24
2001 27.09
2002 28.95
2003 28.23
2004 32.35
2005 35.42
2006 33.72
2007 37.07
2008 37.68
2009 45.63
2010 39.16
2011 34.10
2012 36.34
2013 40.22
2014 44.29
2015 55.92
2016 58.11
2017 53.97

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