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

Domestic credit to private sector by banks (% of GDP) in IDA blend was 17.53 as of 2020. Its highest value over the past 60 years was 21.67 in 2008, while its lowest value was 7.56 in 1960.

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 7.56
1961 8.22
1962 10.04
1963 11.57
1964 13.65
1965 14.28
1966 15.95
1967 17.50
1968 16.95
1969 15.86
1970 13.44
1971 15.55
1972 15.37
1973 12.93
1974 10.20
1975 11.36
1976 12.02
1977 13.88
1978 15.53
1979 14.55
1980 15.22
1981 9.20
1982 10.23
1983 11.42
1984 13.15
1985 13.97
1986 17.21
1987 16.90
1988 16.90
1989 17.25
1990 15.46
1991 15.86
1992 16.70
1993 17.40
1994 17.66
1995 17.43
1996 16.84
1997 17.43
1998 17.70
1999 17.62
2000 15.79
2001 16.22
2002 16.42
2003 16.66
2004 16.75
2005 16.14
2006 15.52
2007 18.61
2008 21.67
2009 20.33
2010 16.79
2011 14.97
2012 14.38
2013 14.36
2014 15.61
2015 15.82
2016 17.23
2017 17.01
2018 16.68
2019 16.49
2020 17.53

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