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

Domestic credit to private sector by banks (% of GDP) in Seychelles was 53.02 as of 2020. Its highest value over the past 49 years was 53.02 in 2020, while its lowest value was 6.59 in 1988.

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
1971 15.77
1972 20.60
1973 23.95
1974 20.61
1975 19.02
1976 22.84
1977 23.72
1978 23.05
1979 19.28
1980 17.00
1981 15.94
1982 14.89
1983 13.98
1984 11.45
1985 8.91
1986 7.35
1987 6.63
1988 6.59
1989 7.66
1990 7.26
1991 7.91
1992 7.50
1993 7.52
1994 9.26
1995 11.37
1996 12.58
1997 13.70
1998 14.37
1999 15.12
2000 16.55
2001 18.01
2002 20.27
2003 26.07
2004 25.23
2005 24.79
2006 22.76
2007 24.80
2008 27.88
2009 20.07
2010 24.45
2011 22.25
2012 21.45
2013 21.31
2014 25.16
2015 25.32
2016 26.95
2017 28.92
2018 31.34
2019 37.04
2020 53.02

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