Saudi Arabia - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Saudi Arabia was 53.97 as of 2017. Its highest value over the past 49 years was 58.11 in 2016, while its lowest value was 2.75 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
1968 7.35
1969 7.99
1970 7.07
1971 5.63
1972 4.55
1973 4.27
1974 2.75
1975 4.09
1976 4.37
1977 4.08
1978 5.28
1979 7.11
1980 6.80
1981 6.94
1982 9.55
1983 12.74
1984 14.15
1985 15.89
1986 18.40
1987 18.32
1988 21.34
1989 20.52
1990 14.82
1991 14.87
1992 16.76
1993 20.47
1994 22.36
1995 22.57
1996 20.79
1997 21.51
1998 29.19
1999 26.74
2000 24.24
2001 27.09
2002 28.95
2003 28.23
2004 32.35
2005 35.42
2006 33.72
2007 37.07
2008 37.68
2009 45.63
2010 39.16
2011 34.10
2012 36.34
2013 40.22
2014 44.29
2015 55.92
2016 58.11
2017 53.97

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