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

Domestic credit to private sector by banks (% of GDP) in The Gambia was 7.36 as of 2020. Its highest value over the past 54 years was 24.89 in 1984, while its lowest value was 3.51 in 1992.

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
1966 16.16
1967 16.64
1968 17.82
1969 17.23
1970 13.97
1971 13.42
1972 10.56
1973 16.36
1974 14.69
1975 11.03
1976 15.67
1977 16.97
1978 21.04
1979 21.24
1980 23.73
1981 23.99
1982 20.80
1983 24.43
1984 24.89
1985 24.16
1986 14.96
1987 11.80
1988 11.66
1989 10.74
1990 10.63
1991 4.98
1992 3.51
1993 5.26
1994 5.39
1995 4.56
1996 4.11
1997 5.19
1998 5.48
1999 6.37
2000 6.51
2001 8.10
2002 10.42
2003 11.58
2004 4.93
2005 5.75
2006 7.11
2007 7.43
2008 8.59
2009 9.05
2010 9.38
2011 10.25
2012 9.87
2013 9.78
2014 8.58
2017 5.44
2018 6.45
2019 7.66
2020 7.36

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