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

Domestic credit to private sector by banks (% of GDP) in Senegal was 29.14 as of 2020. Its highest value over the past 60 years was 29.62 in 2017, while its lowest value was 8.48 in 1967.

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 11.73
1961 11.27
1962 12.33
1963 11.92
1964 11.46
1965 11.27
1966 9.74
1967 8.48
1968 9.76
1969 10.46
1970 10.19
1971 10.46
1972 11.25
1973 15.11
1974 17.58
1975 17.50
1976 17.66
1977 19.85
1978 26.25
1979 26.54
1980 28.15
1981 29.00
1982 26.82
1983 26.96
1984 24.44
1985 23.00
1986 20.87
1987 20.59
1988 22.57
1989 21.74
1990 20.39
1991 19.35
1992 20.30
1993 20.34
1994 12.52
1995 11.26
1996 12.25
1997 12.15
1998 11.39
1999 11.90
2000 14.51
2001 11.24
2002 11.90
2003 13.04
2004 14.31
2005 15.58
2006 15.72
2007 16.15
2008 18.82
2009 19.37
2010 21.27
2011 23.82
2012 24.38
2013 26.26
2014 27.27
2015 27.25
2016 27.75
2017 29.62
2018 29.51
2019 29.61
2020 29.14

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