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

Domestic credit to private sector by banks (% of GDP) in Suriname was 24.40 as of 2020. Its highest value over the past 53 years was 42.22 in 1989, while its lowest value was 6.58 in 1995.

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
1967 11.90
1968 12.89
1969 14.69
1970 16.55
1971 17.52
1972 18.84
1973 17.87
1974 18.16
1975 16.82
1976 22.71
1977 22.12
1978 24.50
1979 26.88
1980 28.96
1981 30.71
1982 33.61
1983 35.08
1984 36.31
1985 39.50
1986 40.83
1987 39.44
1988 39.78
1989 42.22
1990 37.43
1991 40.38
1992 40.60
1993 21.49
1994 8.19
1995 6.58
1996 13.17
1997 17.10
1998 17.80
1999 14.00
2000 7.46
2001 8.09
2002 15.64
2003 17.09
2004 18.62
2005 19.18
2006 17.35
2007 21.22
2008 23.76
2009 24.30
2010 23.91
2011 23.57
2012 24.12
2013 27.74
2014 29.66
2015 33.66
2016 36.27
2017 28.24
2018 24.22
2019 23.21
2020 24.40

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