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

Domestic credit to private sector (% of GDP) in Congo was 13.35 as of 2019. Its highest value over the past 59 years was 31.68 in 1986, while its lowest value was 2.01 in 2006.

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 22.23
1961 22.82
1962 19.85
1963 22.32
1964 22.62
1965 20.12
1966 19.46
1967 19.28
1968 18.05
1969 16.92
1970 16.29
1971 16.07
1972 15.51
1973 15.32
1974 15.09
1975 17.17
1976 19.87
1977 20.71
1978 19.88
1979 17.88
1980 15.54
1981 17.39
1982 18.47
1983 19.01
1984 18.84
1985 20.73
1986 31.68
1987 27.07
1988 16.24
1989 14.73
1990 15.69
1991 16.00
1992 15.76
1993 8.69
1994 7.70
1995 8.11
1996 7.55
1997 7.86
1998 9.74
1999 10.90
2000 4.78
2001 4.90
2002 2.87
2003 3.64
2004 2.93
2005 2.21
2006 2.01
2007 2.17
2008 3.21
2009 4.87
2010 5.98
2011 7.17
2012 7.41
2013 8.88
2014 11.16
2015 15.92
2016 19.19
2017 16.84
2018 14.05
2019 13.35

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