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

Domestic credit to private sector by banks (% of GDP) in Belize was 68.73 as of 2020. Its highest value over the past 44 years was 68.73 in 2020, while its lowest value was 19.53 in 1980.

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
1976 26.68
1977 22.39
1978 20.29
1979 23.30
1980 19.53
1981 23.15
1982 29.54
1983 30.49
1984 27.09
1985 28.33
1986 25.85
1987 26.08
1988 30.92
1989 31.30
1990 32.56
1991 37.23
1992 35.87
1993 34.45
1994 34.86
1995 35.17
1996 37.25
1997 41.25
1998 44.31
1999 43.75
2000 40.84
2001 44.40
2002 47.78
2003 51.38
2004 53.50
2005 53.63
2006 55.42
2007 60.96
2008 63.48
2009 67.62
2010 63.16
2011 59.49
2012 58.36
2013 57.67
2014 57.12
2015 58.32
2016 55.76
2017 53.97
2018 53.83
2019 54.94
2020 68.73

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