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

Domestic credit to private sector by banks (% of GDP) in Romania was 26.05 as of 2020. Its highest value over the past 39 years was 79.72 in 1990, while its lowest value was 0.00 in 1991.

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
1981 46.97
1982 43.43
1983 45.50
1984 46.63
1985 53.71
1986 56.02
1987 60.70
1988 63.78
1989 59.86
1990 79.72
1991 0.00
1993 0.00
1994 0.00
1995 0.00
1996 10.99
1997 8.29
1998 11.67
1999 7.99
2000 7.13
2001 8.65
2002 10.09
2003 14.13
2004 15.78
2005 20.06
2006 26.01
2007 34.00
2008 35.91
2009 37.01
2010 39.15
2011 39.33
2012 37.75
2013 33.99
2014 31.05
2015 29.93
2016 28.13
2017 26.47
2018 25.73
2019 24.74
2020 26.05

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