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

Domestic credit to private sector (% of GDP) in Dominica was 53.24 as of 2020. Its highest value over the past 43 years was 59.12 in 2012, while its lowest value was 20.88 in 1977.

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
1977 20.88
1978 22.21
1979 24.74
1980 25.32
1981 27.29
1982 27.92
1983 29.68
1984 27.59
1985 27.59
1986 23.61
1987 22.82
1988 27.86
1989 34.31
1990 38.82
1991 39.51
1992 41.77
1993 43.68
1994 43.78
1995 46.50
1996 45.43
1997 47.23
1998 47.10
1999 46.86
2000 50.43
2001 47.86
2002 48.17
2003 45.38
2004 45.45
2005 48.59
2006 50.41
2007 49.12
2008 48.96
2009 48.92
2010 53.10
2011 55.62
2012 59.12
2013 57.62
2014 53.70
2015 51.31
2016 46.95
2017 51.18
2018 47.53
2019 40.41
2020 53.24

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