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

Domestic credit to private sector (% of GDP) in Egypt was 27.10 as of 2020. Its highest value over the past 60 years was 54.93 in 2001, while its lowest value was 10.28 in 1973.

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 17.46
1961 16.76
1962 17.83
1963 17.42
1964 16.07
1965 14.90
1966 13.60
1967 12.77
1968 14.17
1969 14.75
1970 12.29
1971 12.37
1972 11.83
1973 10.28
1974 13.22
1975 16.60
1976 17.10
1977 18.72
1978 18.32
1979 19.00
1980 13.94
1981 25.90
1982 24.71
1983 25.85
1984 26.22
1985 27.20
1986 29.22
1987 28.90
1988 28.13
1989 26.53
1990 25.53
1991 22.06
1992 22.27
1993 23.77
1994 27.90
1995 32.73
1996 36.53
1997 39.69
1998 46.56
1999 52.00
2000 51.95
2001 54.93
2002 54.66
2003 53.90
2004 54.04
2005 51.17
2006 49.29
2007 45.52
2008 42.80
2009 36.09
2010 33.07
2011 31.15
2012 27.39
2013 26.22
2014 25.61
2015 26.32
2016 34.13
2017 28.52
2018 25.55
2019 24.02
2020 27.10

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