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

Domestic credit to private sector by banks (% of GDP) in Nicaragua was 27.91 as of 2020. Its highest value over the past 60 years was 55.24 in 1982, while its lowest value was 11.27 in 1989.

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 15.37
1961 14.94
1962 14.82
1963 14.71
1964 15.58
1965 17.97
1966 20.85
1967 21.89
1968 22.63
1969 22.34
1970 22.94
1971 23.57
1972 23.77
1973 25.97
1974 24.93
1975 23.90
1976 22.97
1977 22.57
1978 25.85
1979 47.99
1980 48.31
1981 52.55
1982 55.24
1983 28.01
1984 17.56
1985 16.19
1986 16.24
1987 13.14
1988 14.96
1989 11.27
1990 36.50
1991 15.49
1992 22.70
1993 28.37
1994 15.70
1995 16.55
1996 12.87
1997 16.17
1998 19.81
1999 23.14
2000 23.52
2001 13.67
2002 15.08
2003 17.63
2004 19.58
2005 22.55
2006 26.39
2007 30.12
2008 28.15
2009 25.38
2010 24.27
2011 23.95
2012 26.74
2013 29.37
2014 31.17
2015 34.14
2016 36.69
2017 39.08
2018 35.97
2019 30.09
2020 27.91

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