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

Domestic credit to private sector (% of GDP) in IDA total was 26.12 as of 2020. Its highest value over the past 57 years was 26.12 in 2020, while its lowest value was 9.03 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 9.03
1964 10.85
1965 10.65
1966 11.29
1967 12.07
1968 12.17
1969 11.71
1970 11.14
1971 11.94
1972 12.23
1973 10.99
1974 9.04
1975 9.72
1976 11.11
1977 12.67
1978 13.67
1979 13.74
1980 14.24
1981 10.09
1982 10.81
1983 11.77
1984 12.37
1985 12.69
1986 14.13
1987 14.09
1988 14.06
1989 14.26
1990 13.29
1991 13.06
1992 13.52
1993 13.54
1994 13.18
1995 13.91
1996 13.47
1997 13.95
1998 14.00
1999 14.12
2000 12.87
2001 13.78
2002 14.06
2003 14.54
2004 15.10
2005 15.46
2006 15.66
2007 17.47
2008 19.61
2009 20.02
2010 19.18
2011 17.50
2012 17.60
2013 17.69
2014 19.50
2015 20.69
2016 22.69
2017 23.52
2018 23.87
2019 24.52
2020 26.12

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