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

Domestic credit to private sector (% of GDP) in Algeria was 29.69 as of 2020. Its highest value over the past 56 years was 69.31 in 1986, while its lowest value was 3.91 in 1997.

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
1964 14.95
1965 18.11
1966 15.55
1967 17.24
1968 23.52
1969 32.19
1970 28.44
1971 35.01
1972 47.73
1973 49.14
1974 42.01
1975 49.97
1976 53.55
1977 49.90
1978 53.82
1979 51.99
1980 48.51
1981 52.57
1982 62.16
1983 65.07
1984 66.50
1985 68.73
1986 69.31
1987 67.53
1988 68.15
1989 63.19
1990 56.14
1991 46.29
1992 7.25
1993 6.62
1994 6.49
1995 5.20
1996 5.36
1997 3.91
1998 4.56
1999 5.39
2000 5.97
2001 8.01
2002 12.20
2003 11.22
2004 11.00
2005 11.93
2006 12.12
2007 12.99
2008 12.80
2009 16.27
2010 15.21
2011 13.72
2012 14.03
2013 16.50
2014 18.35
2015 21.71
2016 22.88
2017 24.40
2018 24.90
2019 25.81
2020 29.69

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