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

Domestic credit to private sector by banks (% of GDP) in Chile was 88.58 as of 2020. Its highest value over the past 60 years was 88.58 in 2020, while its lowest value was 5.63 in 1974.

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
1960 22.12
1961 11.56
1962 12.86
1963 10.76
1964 9.96
1965 9.77
1966 8.85
1967 8.75
1968 8.79
1969 7.76
1970 7.22
1971 8.64
1972 9.04
1973 5.80
1974 5.63
1975 7.89
1976 9.52
1977 18.45
1978 21.16
1979 28.00
1980 39.67
1981 45.84
1982 67.13
1983 58.88
1984 66.34
1985 52.00
1986 47.49
1987 44.38
1988 41.78
1989 45.33
1990 42.12
1991 40.09
1992 42.85
1993 46.80
1994 45.73
1995 47.60
1996 51.83
1997 53.33
1998 55.70
1999 58.46
2000 61.61
2001 63.38
2002 64.48
2003 62.93
2004 62.91
2005 64.34
2006 62.68
2007 68.84
2008 72.89
2009 69.56
2010 65.41
2011 69.47
2012 72.99
2013 76.19
2014 78.62
2015 80.67
2016 79.67
2017 78.63
2018 81.45
2019 86.98
2020 88.58

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