IDA only - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in IDA only was 32.85 as of 2020. Its highest value over the past 57 years was 32.85 in 2020, while its lowest value was 7.09 in 1963.

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
1963 7.09
1972 8.76
1973 9.47
1974 8.29
1975 8.47
1976 9.90
1977 11.10
1978 11.71
1979 12.53
1980 12.70
1981 11.34
1982 11.33
1983 11.56
1984 11.72
1985 11.53
1986 11.65
1987 12.06
1988 11.84
1989 12.16
1990 11.94
1991 11.29
1992 11.33
1993 11.27
1994 10.45
1995 11.67
1996 11.34
1997 11.83
1998 11.82
1999 11.98
2000 11.07
2001 12.19
2002 12.36
2003 12.96
2004 13.76
2005 14.79
2006 15.58
2007 16.23
2008 17.81
2009 19.60
2010 20.83
2011 19.65
2012 20.86
2013 21.26
2014 23.96
2015 26.16
2016 28.33
2017 29.65
2018 30.44
2019 31.11
2020 32.85

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