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

Domestic credit to private sector by banks (% of GDP) in United Kingdom was 143.13 as of 2020. Its highest value over the past 60 years was 190.94 in 2009, while its lowest value was 17.34 in 1960.

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 17.34
1961 17.49
1962 17.44
1963 19.34
1964 20.67
1965 20.62
1966 19.50
1967 19.82
1968 19.71
1969 19.35
1970 19.82
1971 20.75
1972 28.55
1973 33.56
1974 35.20
1975 28.31
1976 27.36
1977 26.08
1978 25.60
1979 25.86
1980 26.22
1981 30.86
1982 34.05
1983 37.07
1984 42.24
1985 43.91
1986 77.61
1987 82.77
1988 91.58
1989 102.93
1990 104.81
1991 102.33
1992 101.68
1993 99.88
1994 100.03
1995 97.18
1996 100.08
1997 102.15
1998 101.85
1999 105.03
2000 114.18
2001 119.77
2002 124.29
2003 128.94
2004 136.65
2005 142.53
2006 152.78
2007 169.14
2008 189.54
2009 190.94
2010 183.95
2011 169.58
2012 159.92
2013 148.55
2014 134.52
2015 129.55
2016 130.52
2017 132.01
2018 132.35
2019 131.03
2020 143.13

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