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

Domestic credit to private sector by banks (% of GDP) in Middle income was 118.55 as of 2020. Its highest value over the past 58 years was 118.55 in 2020, while its lowest value was 12.13 in 1964.

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
1962 12.14
1963 12.16
1964 12.13
1965 14.34
1966 14.92
1967 15.84
1968 16.98
1969 18.93
1970 20.02
1971 21.61
1972 22.75
1973 22.95
1974 22.37
1975 24.49
1976 25.86
1977 25.50
1978 26.47
1979 26.44
1980 24.45
1981 24.77
1982 26.06
1983 27.56
1984 28.07
1985 32.93
1986 32.76
1987 32.72
1988 44.92
1989 52.02
1990 38.50
1991 38.34
1992 44.34
1993 50.69
1994 46.21
1995 44.87
1996 46.53
1997 49.31
1998 46.86
1999 48.12
2000 47.95
2001 46.83
2002 50.23
2003 52.49
2004 51.27
2005 50.27
2006 51.83
2007 54.44
2008 56.10
2009 66.83
2010 67.81
2011 68.73
2012 73.01
2013 77.45
2014 82.59
2015 92.18
2016 94.16
2017 93.74
2018 99.33
2019 103.69
2020 118.55

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