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

Domestic credit to private sector by banks (% of GDP) in Namibia was 60.38 as of 2020. Its highest value over the past 30 years was 60.38 in 2020, while its lowest value was 19.02 in 1990.

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
1990 19.02
1991 19.33
1992 31.52
1993 36.28
1994 37.77
1995 43.40
1996 40.91
1997 41.55
1998 40.88
1999 39.07
2000 39.65
2001 41.19
2002 40.97
2003 44.31
2004 46.14
2005 50.68
2006 48.09
2007 47.63
2008 45.96
2009 47.37
2010 48.41
2011 48.58
2012 48.60
2013 50.63
2014 51.35
2015 53.98
2016 54.26
2017 52.37
2018 53.20
2019 57.11
2020 60.38

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