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

Domestic credit to private sector (% of GDP) in Eswatini was 21.30 as of 2020. Its highest value over the past 47 years was 26.44 in 1981, while its lowest value was 8.81 in 2001.

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
1973 14.68
1974 16.29
1975 20.45
1976 19.65
1977 18.46
1978 25.45
1979 24.67
1980 23.29
1981 26.44
1982 24.07
1983 23.68
1984 21.39
1985 19.83
1986 16.11
1987 17.39
1988 16.88
1989 18.67
1990 16.40
1991 20.79
1992 18.65
1993 16.87
1994 18.12
1995 15.06
1996 14.31
1997 14.01
1998 13.44
1999 13.10
2000 10.98
2001 8.81
2002 10.24
2003 12.75
2004 15.34
2005 17.17
2006 19.07
2007 21.21
2008 20.31
2009 20.60
2010 19.13
2011 22.38
2012 19.19
2013 20.85
2014 21.16
2015 20.45
2016 21.05
2017 20.91
2018 20.89
2019 20.77
2020 21.30

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