Central Europe and the Baltics - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Central Europe and the Baltics was 46.57 as of 2020. Its highest value over the past 29 years was 53.03 in 2011, while its lowest value was 19.96 in 2002.

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
1991 25.23
1993 28.73
1994 27.15
1995 25.51
1996 28.40
1997 27.86
1998 27.34
1999 27.67
2000 27.81
2001 25.75
2002 19.96
2003 21.97
2004 27.44
2005 32.49
2006 36.94
2007 43.04
2008 49.15
2009 50.73
2010 52.68
2011 53.03
2012 51.30
2013 50.14
2014 48.79
2015 47.96
2016 47.87
2017 46.43
2018 46.19
2019 45.04
2020 46.57

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