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

Domestic credit to private sector by banks (% of GDP) in IBRD only was 122.03 as of 2020. Its highest value over the past 59 years was 122.03 in 2020, while its lowest value was 12.24 in 1964.

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
1961 12.62
1962 12.62
1963 12.41
1964 12.24
1965 14.46
1966 14.84
1967 15.69
1968 16.89
1969 18.92
1970 20.26
1971 21.57
1972 22.87
1973 22.91
1974 22.93
1975 25.93
1976 27.27
1977 26.75
1978 28.03
1979 27.88
1980 25.93
1981 27.80
1982 29.44
1983 30.19
1984 30.21
1985 34.71
1986 34.38
1987 34.27
1988 47.06
1989 54.31
1990 39.40
1991 39.23
1992 44.95
1993 51.07
1994 46.29
1995 44.75
1996 46.74
1997 49.53
1998 47.19
1999 48.58
2000 48.54
2001 47.33
2002 50.63
2003 52.95
2004 52.08
2005 51.08
2006 52.86
2007 55.50
2008 57.21
2009 67.91
2010 68.80
2011 70.15
2012 74.55
2013 79.48
2014 84.73
2015 95.56
2016 97.35
2017 96.55
2018 102.29
2019 106.88
2020 122.03

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