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

Domestic credit to private sector (% of GDP) in Canada was 124.10 as of 2008. Its highest value over the past 48 years was 134.12 in 2006, while its lowest value was 18.29 in 1961.

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
1960 18.55
1961 18.29
1962 18.81
1963 19.17
1964 20.02
1965 22.21
1966 28.46
1967 31.13
1968 32.38
1969 33.71
1970 33.50
1971 35.81
1972 39.03
1973 40.99
1974 41.91
1975 43.31
1976 45.13
1977 48.36
1978 53.21
1979 55.86
1980 56.61
1981 70.11
1982 68.31
1983 63.25
1984 62.86
1985 63.48
1986 63.57
1987 64.36
1988 66.48
1989 70.07
1990 73.33
1991 75.26
1992 76.79
1993 75.78
1994 74.98
1995 74.19
1996 78.89
1997 81.53
1998 79.86
1999 77.25
2000 73.99
2001 121.35
2002 117.84
2003 113.24
2004 115.44
2005 121.66
2006 134.12
2007 123.53
2008 124.10

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