St. Kitts and Nevis - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in St. Kitts and Nevis was 55.43 as of 2020. Its highest value over the past 41 years was 61.69 in 2010, while its lowest value was 27.22 in 1979.

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
1979 27.22
1980 28.55
1981 30.86
1982 32.60
1983 36.15
1984 30.45
1985 31.60
1986 29.09
1987 31.78
1988 36.48
1989 43.09
1990 39.52
1991 44.08
1992 51.13
1993 52.77
1994 52.25
1995 52.09
1996 51.56
1997 51.56
1998 54.53
1999 55.64
2000 59.83
2001 54.61
2002 50.81
2003 54.24
2004 54.69
2005 54.46
2006 51.70
2007 54.74
2008 57.02
2009 60.92
2010 61.69
2011 59.74
2012 60.97
2013 57.65
2014 54.39
2015 55.87
2016 51.36
2017 49.10
2018 49.08
2019 46.14
2020 55.43

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