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

Domestic credit to private sector (% of GDP) in Madagascar was 16.41 as of 2020. Its highest value over the past 58 years was 16.54 in 1971, while its lowest value was 6.66 in 2002.

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
1962 13.09
1963 14.01
1964 14.89
1965 13.58
1966 14.05
1967 15.56
1968 15.35
1969 15.04
1970 15.80
1971 16.54
1972 16.46
1973 15.15
1974 14.21
1975 13.69
1976 13.60
1977 14.92
1978 15.11
1979 16.33
1980 14.11
1981 13.29
1982 12.44
1983 12.18
1984 13.45
1985 14.40
1986 14.44
1987 14.54
1988 11.69
1989 11.43
1990 12.89
1991 14.26
1992 13.26
1993 13.65
1994 12.39
1995 9.47
1996 7.86
1997 8.28
1998 7.56
1999 7.21
2000 7.35
2001 6.98
2002 6.66
2003 7.54
2004 8.61
2005 8.50
2006 8.78
2007 8.78
2008 9.70
2009 10.14
2010 10.87
2011 10.18
2012 10.12
2013 11.08
2014 11.67
2015 12.31
2016 11.89
2017 12.71
2018 12.97
2019 14.21
2020 16.41

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