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

Domestic credit to private sector by banks (% of GDP) in Gabon was 13.35 as of 2019. Its highest value over the past 59 years was 29.74 in 1987, while its lowest value was 6.59 in 1996.

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
1960 8.22
1961 10.73
1962 12.57
1963 20.26
1964 15.97
1965 13.95
1966 14.47
1967 14.19
1968 14.75
1969 15.64
1970 17.76
1971 18.55
1972 22.84
1973 20.56
1974 13.12
1975 14.41
1976 13.87
1977 18.07
1978 24.11
1979 19.14
1980 15.77
1981 16.29
1982 15.56
1983 17.73
1984 16.18
1985 20.21
1986 28.53
1987 29.74
1988 16.75
1989 15.48
1990 12.92
1991 14.63
1992 10.94
1993 10.32
1994 6.76
1995 7.92
1996 6.59
1997 8.68
1998 10.78
1999 9.96
2000 8.70
2001 12.52
2002 12.31
2003 11.52
2004 9.27
2005 8.46
2006 9.55
2007 9.95
2008 8.65
2009 10.08
2010 8.19
2011 9.51
2012 11.28
2013 14.98
2014 14.51
2015 14.49
2016 13.79
2017 10.25
2018 13.05
2019 13.35

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