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

Domestic credit to private sector (% of GDP) in Grenada was 59.47 as of 2020. Its highest value over the past 43 years was 84.88 in 2011, while its lowest value was 20.68 in 1984.

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 26.33
1978 25.18
1979 23.31
1980 24.16
1981 24.05
1982 23.27
1983 21.40
1984 20.68
1985 24.22
1986 30.02
1987 32.51
1988 33.33
1989 37.82
1990 36.06
1991 35.41
1992 37.62
1993 49.45
1994 47.23
1995 47.33
1996 49.99
1997 55.52
1998 56.87
1999 59.00
2000 62.56
2001 63.08
2002 61.43
2003 58.46
2004 61.62
2005 57.95
2006 64.88
2007 68.79
2008 70.08
2009 79.38
2010 83.98
2011 84.88
2012 82.80
2013 74.26
2014 65.21
2015 57.32
2016 53.72
2017 51.07
2018 50.65
2019 49.58
2020 59.47

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