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

Domestic credit to private sector (% of GDP) in Denmark was 163.33 as of 2020. Its highest value over the past 54 years was 201.26 in 2009, while its lowest value was 30.26 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
1966 48.73
1967 47.98
1968 48.38
1969 48.55
1970 47.04
1971 46.37
1972 46.78
1973 46.31
1974 44.90
1975 47.75
1976 47.65
1977 45.37
1978 42.76
1979 39.76
1980 39.27
1981 37.51
1982 36.25
1983 38.30
1984 40.72
1985 43.53
1986 54.64
1987 49.62
1988 47.89
1989 50.75
1990 50.33
1991 41.87
1992 39.34
1993 34.24
1994 30.26
1995 30.35
1996 30.99
1997 31.51
1998 34.32
1999 34.08
2000 131.97
2001 138.83
2002 141.60
2003 140.10
2004 145.65
2005 157.54
2006 169.04
2007 184.49
2008 191.19
2009 201.26
2010 193.04
2011 187.24
2012 182.10
2013 177.02
2014 173.33
2015 169.97
2016 166.56
2017 161.81
2018 161.26
2019 160.89
2020 163.33

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