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

Domestic credit to private sector by banks (% of GDP) in Solomon Islands was 20.58 as of 2020. Its highest value over the past 42 years was 24.03 in 1989, while its lowest value was 5.87 in 1978.

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
1978 5.87
1979 10.03
1980 11.41
1981 12.66
1982 12.01
1983 9.88
1984 12.93
1985 19.22
1986 20.09
1987 17.77
1988 19.08
1989 24.03
1990 15.75
1991 12.82
1992 9.90
1993 9.64
1994 8.76
1995 8.33
1996 7.79
1997 7.98
1998 8.73
1999 8.84
2000 9.93
2001 7.99
2002 8.21
2003 8.94
2004 8.71
2005 11.50
2006 15.98
2007 21.20
2008 23.48
2009 20.57
2010 17.03
2011 15.16
2012 14.45
2013 15.53
2014 17.23
2015 19.15
2016 20.27
2017 20.19
2018 19.64
2019 20.32
2020 20.58

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