Cabo Verde - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Cabo Verde was 73.19 as of 2020. Its highest value over the past 40 years was 73.19 in 2020, while its lowest value was 11.98 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
1980 11.98
1981 13.81
1982 12.60
1983 14.99
1984 14.90
1985 18.89
1986 18.45
1987 20.87
1988 14.55
1989 17.24
1990 20.74
1991 21.74
1992 24.11
1993 19.02
1994 22.72
1995 27.59
1996 26.93
1997 32.22
1998 32.17
1999 41.34
2000 40.13
2001 31.05
2002 33.95
2003 35.64
2004 37.84
2005 39.10
2006 44.86
2007 45.55
2008 52.30
2009 57.96
2010 61.93
2011 65.74
2012 64.32
2013 64.19
2014 63.29
2015 61.82
2016 61.29
2017 62.53
2018 60.17
2019 58.68
2020 73.19

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