St. Vincent and the Grenadines - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in St. Vincent and the Grenadines was 50.88 as of 2020. Its highest value over the past 45 years was 55.34 in 2000, while its lowest value was 24.91 in 1986.

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
1975 36.53
1976 30.97
1977 26.92
1978 29.22
1979 28.31
1980 30.60
1981 31.88
1982 27.34
1983 29.55
1984 25.02
1985 27.30
1986 24.91
1987 27.87
1988 29.41
1989 32.74
1990 31.48
1991 34.69
1992 34.44
1993 34.41
1994 36.48
1995 40.67
1996 44.56
1997 47.62
1998 48.22
1999 51.72
2000 55.34
2001 52.14
2002 50.79
2003 49.00
2004 45.64
2005 45.61
2006 46.99
2007 48.24
2008 48.89
2009 51.38
2010 51.83
2011 52.99
2012 54.25
2013 52.76
2014 52.18
2015 51.50
2016 50.53
2017 49.76
2018 48.43
2019 48.13
2020 50.88

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