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

Domestic credit to private sector (% of GDP) in Iran was 66.06 as of 2016. Its highest value over the past 56 years was 66.06 in 2016, while its lowest value was 12.94 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 12.94
1961 14.22
1962 12.98
1963 14.83
1964 16.47
1965 15.97
1966 17.21
1967 17.83
1968 19.01
1969 19.35
1970 20.98
1971 19.67
1972 20.47
1973 19.80
1974 15.37
1975 20.92
1976 21.68
1977 21.49
1979 25.73
1980 29.70
1981 26.16
1982 20.67
1983 19.82
1984 18.30
1985 19.26
1986 22.78
1987 21.55
1988 21.33
1989 22.71
1990 22.98
1991 22.42
1992 23.19
1993 20.85
1994 19.71
1995 16.69
1996 15.18
1997 16.61
1998 18.02
1999 18.04
2000 26.25
2001 30.08
2002 29.10
2003 32.43
2004 35.07
2005 38.35
2006 44.79
2007 47.05
2008 45.32
2009 49.21
2010 52.02
2011 53.09
2012 53.36
2013 47.74
2014 52.12
2015 59.78
2016 66.06

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