Venezuela - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Venezuela was 29.90 as of 2013. Its highest value over the past 53 years was 15,675.28 in 1960, while its lowest value was 8.13 in 1996.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 15,675.28
1961 14,809.06
1962 14.23
1963 13.88
1964 14.75
1965 15.59
1966 15.26
1967 15.79
1968 16.27
1969 17.09
1970 16.73
1971 16.79
1972 18.22
1973 19.39
1974 16.91
1975 24.30
1976 29.16
1977 30.00
1978 33.46
1979 28.48
1980 27.47
1981 26.70
1982 29.24
1983 30.66
1984 24.67
1985 24.88
1986 30.61
1987 28.90
1988 29.99
1989 20.19
1990 16.59
1991 18.41
1992 18.59
1993 15.77
1994 9.20
1995 8.66
1996 8.13
1997 12.61
1998 12.04
1999 11.21
2000 10.48
2001 12.37
2002 10.13
2003 8.91
2004 11.08
2005 13.21
2006 17.04
2007 23.48
2008 21.47
2009 23.61
2010 18.85
2011 20.47
2012 25.30
2013 29.90

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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets