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

Domestic credit to private sector (% of GDP) in Jordan was 83.14 as of 2020. Its highest value over the past 55 years was 91.77 in 2006, while its lowest value was 14.77 in 1965.

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
1965 14.77
1966 15.83
1967 16.35
1968 19.12
1969 17.42
1970 19.10
1971 18.55
1972 17.02
1973 19.13
1974 20.81
1975 26.52
1976 31.24
1977 28.57
1978 39.45
1979 45.29
1980 46.50
1981 47.71
1982 51.09
1983 55.60
1984 59.36
1985 60.75
1986 57.85
1987 59.24
1988 62.45
1989 64.66
1990 62.28
1991 62.36
1992 55.89
1993 60.66
1994 64.49
1995 68.86
1996 69.35
1997 69.99
1998 69.13
1999 71.40
2000 72.09
2001 75.71
2002 72.74
2003 70.80
2004 74.70
2005 88.09
2006 91.77
2007 91.63
2008 78.43
2009 73.32
2010 71.25
2011 71.83
2012 71.29
2013 70.53
2014 66.66
2015 66.71
2016 70.95
2017 74.85
2018 76.39
2019 76.90
2020 83.14

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