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

Domestic credit to private sector by banks (% of GDP) in New Zealand was 145.48 as of 2020. Its highest value over the past 60 years was 145.48 in 2020, while its lowest value was 10.02 in 1972.

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 13.37
1961 14.15
1962 12.49
1963 11.82
1964 11.19
1965 11.32
1966 11.36
1967 10.41
1968 11.42
1969 11.31
1971 10.59
1972 10.02
1973 13.34
1974 15.38
1975 14.75
1976 14.85
1977 15.72
1978 16.93
1979 17.56
1980 17.56
1981 18.09
1982 18.09
1983 17.76
1984 18.77
1985 20.77
1986 24.55
1987 28.08
1988 68.74
1989 72.07
1990 73.01
1991 76.64
1992 81.50
1993 79.87
1994 82.33
1995 88.48
1996 93.62
1997 100.36
1998 104.96
1999 107.64
2000 107.90
2001 106.70
2002 101.60
2003 106.91
2004 110.62
2005 120.62
2006 129.36
2007 134.73
2008 144.57
2009 142.08
2010 142.39
2013 140.44
2014 140.93
2015 143.86
2016 144.61
2017 141.60
2018 141.58
2019 141.91
2020 145.48

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