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

Domestic credit to private sector (% of GDP) in Haiti was 8.61 as of 2020. Its highest value over the past 60 years was 20.81 in 1978, while its lowest value was 3.68 in 1960.

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 3.68
1961 4.13
1962 4.09
1963 4.29
1964 4.05
1965 4.04
1966 4.01
1967 4.54
1968 4.37
1969 4.58
1970 5.96
1971 6.03
1972 7.90
1973 10.87
1974 13.91
1975 15.02
1976 14.48
1977 16.15
1978 20.81
1979 19.27
1980 16.54
1981 17.67
1982 17.66
1983 14.81
1984 14.37
1985 13.61
1986 11.56
1987 12.65
1988 11.80
1989 13.35
1990 11.63
1991 10.30
1992 10.15
1993 10.86
1994 10.18
1995 12.45
1996 12.79
1997 15.69
1998 14.14
1999 14.46
2000 9.02
2001 8.34
2002 10.07
2003 10.17
2004 8.35
2005 8.67
2006 8.61
2007 7.81
2008 8.64
2009 8.21
2010 7.80
2011 8.52
2012 10.81
2013 10.76
2014 11.42
2015 10.78
2016 10.52
2017 9.86
2018 11.17
2019 10.53
2020 8.61

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