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

Domestic credit to private sector by banks (% of GDP) in El Salvador was 58.32 as of 2020. Its highest value over the past 55 years was 58.32 in 2020, while its lowest value was 16.83 in 1990.

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
1965 19.65
1966 19.94
1967 19.35
1968 19.04
1969 20.29
1970 20.24
1971 21.59
1972 22.78
1973 25.20
1974 25.73
1975 23.95
1976 23.20
1977 22.40
1978 24.48
1979 24.57
1980 23.78
1981 26.11
1982 30.11
1983 32.31
1984 33.38
1985 41.55
1986 25.91
1987 26.86
1988 28.80
1989 30.07
1990 16.83
1991 18.00
1992 20.06
1993 22.36
1994 32.62
1995 37.15
1996 39.64
1997 43.89
1998 45.98
1999 48.34
2000 50.30
2001 45.08
2002 44.72
2003 46.81
2004 47.37
2005 49.06
2006 49.42
2007 50.65
2008 50.13
2009 49.06
2010 46.86
2011 44.77
2012 44.16
2013 46.39
2014 47.23
2015 47.75
2016 48.74
2017 49.79
2018 51.03
2019 52.28
2020 58.32

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