Pakistan - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Pakistan was 17.20 as of 2020. Its highest value over the past 60 years was 29.79 in 1986, while its lowest value was 11.02 in 1960.

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 11.02
1961 12.01
1962 15.05
1963 17.42
1964 21.74
1965 22.91
1966 25.86
1967 26.07
1968 25.61
1969 25.55
1970 25.45
1971 25.11
1972 28.77
1973 26.29
1974 20.29
1975 19.34
1976 22.22
1977 23.41
1978 22.27
1979 24.84
1980 23.44
1981 24.04
1982 24.70
1983 26.38
1984 24.22
1985 27.78
1986 29.79
1987 27.64
1988 26.37
1989 24.91
1990 24.16
1991 22.24
1992 23.50
1993 24.40
1994 23.82
1995 24.21
1996 24.69
1997 24.65
1998 25.11
1999 25.47
2000 20.14
2001 19.81
2002 19.61
2003 22.31
2004 26.13
2005 26.13
2006 26.85
2007 27.84
2008 28.73
2009 22.72
2010 21.41
2011 18.13
2012 16.94
2013 16.12
2014 15.59
2015 15.39
2016 16.53
2017 17.06
2018 18.83
2019 18.04
2020 17.20

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