Other small states - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Other small states was 102.79 as of 2020. Its highest value over the past 60 years was 102.79 in 2020, while its lowest value was 15.69 in 1974.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

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

See also:

Year Value
1960 32.84
1961 31.30
1962 30.52
1963 34.13
1964 26.20
1965 27.21
1966 26.69
1967 29.16
1972 22.06
1973 20.58
1974 15.69
1975 16.48
1976 16.59
1977 19.72
1978 21.33
1979 19.00
1981 21.09
1982 24.56
1983 27.46
1984 26.56
1985 29.59
1986 33.28
1987 32.39
1988 30.04
1989 31.14
1990 27.18
1991 32.02
1992 35.37
1993 31.52
2001 55.61
2002 55.77
2003 59.52
2004 59.39
2005 70.17
2006 73.93
2007 75.05
2008 69.32
2009 76.55
2010 68.40
2011 61.50
2012 57.57
2013 58.39
2014 59.49
2015 72.93
2016 76.02
2017 73.87
2018 70.03
2019 77.22
2020 102.79

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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets