Central African Republic - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Central African Republic was 11.71 as of 2019. Its highest value over the past 59 years was 21.58 in 1974, while its lowest value was 3.96 in 1994.

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 11.16
1961 13.41
1962 13.48
1963 14.32
1964 13.65
1965 14.42
1966 16.13
1967 18.29
1968 17.56
1969 20.27
1970 19.65
1971 14.65
1972 15.47
1973 16.26
1974 21.58
1975 16.43
1976 11.17
1977 11.82
1978 13.24
1979 10.48
1980 13.94
1981 12.94
1982 12.34
1983 12.29
1984 10.99
1985 9.02
1986 8.23
1987 8.16
1988 7.31
1989 7.54
1990 7.29
1991 6.77
1992 4.51
1993 4.40
1994 3.96
1995 4.16
1996 4.51
1997 4.42
1998 4.90
1999 4.51
2000 4.75
2001 6.11
2002 5.84
2003 6.18
2004 7.16
2005 6.90
2006 6.71
2007 6.79
2008 7.02
2009 6.96
2010 8.31
2011 9.18
2012 10.77
2013 13.58
2014 12.79
2015 11.72
2016 12.31
2017 11.22
2018 12.34
2019 11.71

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