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

Domestic credit to private sector by banks (% of GDP) in Peru was 55.15 as of 2020. Its highest value over the past 60 years was 55.15 in 2020, while its lowest value was 6.09 in 1978.

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 9.83
1961 10.68
1962 11.01
1963 11.09
1964 10.88
1965 11.19
1966 10.31
1967 9.82
1968 8.92
1969 8.73
1970 8.59
1971 9.41
1972 10.32
1973 10.55
1974 9.19
1975 9.32
1976 8.49
1977 7.13
1978 6.09
1979 6.13
1980 8.95
1981 11.63
1982 11.55
1983 13.38
1984 12.00
1985 9.73
1986 8.42
1987 7.45
1988 8.81
1989 8.24
1990 7.99
1991 6.95
1992 9.06
1993 11.11
1994 13.28
1995 15.87
1996 21.03
1997 24.41
1998 28.19
1999 28.98
2000 26.34
2001 23.45
2002 22.20
2003 19.99
2004 17.91
2005 19.07
2006 20.81
2007 24.61
2008 29.76
2009 30.01
2010 30.26
2011 32.31
2012 34.04
2013 37.72
2014 40.90
2015 43.87
2016 42.81
2017 42.41
2018 43.91
2019 44.69
2020 55.15

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