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

Domestic credit to private sector by banks (% of GDP) in Samoa was 53.41 as of 2020. Its highest value over the past 38 years was 53.41 in 2020, while its lowest value was 9.20 in 1983.

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
1982 9.68
1983 9.20
1984 9.36
1985 10.43
1986 11.79
1987 13.77
1988 14.45
1989 15.18
1990 20.25
1991 20.99
1992 21.73
1993 23.78
1994 13.47
1995 17.51
1996 18.47
1997 19.62
1998 22.09
1999 24.84
2000 27.06
2001 28.25
2002 29.23
2003 29.46
2004 29.66
2005 34.79
2006 38.25
2007 37.82
2008 37.79
2009 38.91
2010 38.91
2011 39.82
2012 40.81
2013 41.15
2014 45.12
2015 44.20
2016 46.05
2017 48.27
2018 50.76
2019 51.30
2020 53.41

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