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

Domestic credit to private sector by banks (% of GDP) in South Africa was 62.40 as of 2020. Its highest value over the past 55 years was 70.38 in 2007, while its lowest value was 41.50 in 1980.

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 47.88
1966 46.02
1967 45.38
1968 46.08
1969 47.16
1970 48.90
1971 48.87
1972 48.53
1973 50.02
1974 47.59
1975 49.74
1976 47.97
1977 46.56
1978 45.65
1979 43.93
1980 41.50
1981 45.87
1982 47.20
1983 49.31
1984 52.42
1985 52.49
1986 48.89
1987 48.10
1988 51.11
1989 50.95
1990 50.80
1992 55.22
1993 48.97
1994 51.02
1995 52.03
1996 54.22
1997 55.85
1998 59.85
1999 59.76
2000 60.51
2001 66.78
2002 50.12
2003 54.06
2004 55.85
2005 58.81
2006 65.82
2007 70.38
2008 69.56
2009 66.95
2010 63.27
2011 61.42
2012 62.61
2013 61.56
2014 61.73
2015 62.51
2016 61.00
2017 60.08
2018 59.80
2019 60.44
2020 62.40

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