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

Domestic credit to private sector (% of GDP) in Barbados was 79.70 as of 2019. Its highest value over the past 45 years was 85.57 in 2012, while its lowest value was 29.13 in 1980.

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
1974 40.34
1975 35.09
1976 36.99
1977 35.49
1978 35.75
1979 36.73
1980 29.13
1981 32.27
1982 33.00
1983 34.63
1984 32.62
1985 32.40
1986 31.84
1987 32.97
1988 34.24
1989 35.76
1990 36.20
1991 37.62
1992 38.53
1993 36.92
1994 38.96
1995 42.50
1996 41.63
1997 44.20
1998 45.38
1999 47.57
2000 47.90
2001 59.25
2002 60.45
2003 62.40
2004 67.27
2005 72.76
2006 73.68
2007 71.31
2008 75.62
2009 82.80
2012 85.57
2013 83.33
2014 82.00
2015 82.99
2016 82.23
2017 82.36
2018 80.89
2019 79.70

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