Mexico - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Mexico was 29.07 as of 2020. Its highest value over the past 60 years was 34.14 in 1971, while its lowest value was 11.21 in 1988.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 20.61
1961 22.28
1962 24.61
1963 24.30
1964 24.18
1965 23.92
1966 24.93
1967 27.14
1968 28.06
1969 30.50
1970 32.93
1971 34.14
1972 33.68
1973 31.50
1974 28.70
1975 29.13
1976 32.25
1977 17.46
1978 19.33
1979 19.90
1980 18.29
1981 18.45
1982 14.41
1983 11.98
1984 13.46
1985 12.30
1986 12.54
1987 12.29
1988 11.21
1989 15.67
1990 17.55
1991 21.01
1992 28.07
1993 25.54
1994 30.89
1995 23.26
1996 15.20
1997 20.24
1998 18.02
1999 15.39
2000 14.09
2001 11.61
2002 13.19
2003 13.42
2004 12.79
2005 13.92
2006 16.36
2007 17.84
2008 16.91
2009 18.04
2010 18.33
2011 19.41
2012 19.91
2013 22.20
2014 21.92
2015 23.86
2016 25.91
2017 26.88
2018 26.80
2019 28.53
2020 29.07

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 by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets