Arab World - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Arab World was 56.80 as of 2017. Its highest value over the past 53 years was 58.63 in 2016, while its lowest value was 11.51 in 1974.

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 12.46
1965 15.18
1966 14.72
1967 14.45
1968 14.98
1969 16.31
1970 14.94
1971 14.55
1972 16.53
1973 16.77
1974 11.51
1975 14.84
1976 15.36
1977 16.88
1978 19.75
1979 19.53
1980 17.91
1981 20.00
1982 25.61
1983 29.80
1984 31.89
1985 34.34
1986 38.14
1987 35.85
1991 22.91
1992 20.69
1993 21.83
1994 23.64
1995 25.30
1996 24.75
1997 26.46
1998 31.79
1999 32.06
2000 29.71
2001 31.80
2002 32.31
2003 31.42
2004 30.42
2005 30.59
2006 30.01
2007 31.67
2008 31.61
2009 36.70
2010 36.44
2011 35.73
2012 35.18
2013 37.25
2014 40.77
2015 49.93
2016 58.63
2017 56.80

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