Sweden - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Sweden was 131.87 as of 2018. Its highest value over the past 58 years was 131.87 in 2018, while its lowest value was 31.29 in 1995.

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
1960 35.83
1961 34.99
1962 35.38
1963 37.67
1964 36.90
1965 37.57
1966 37.54
1967 39.24
1968 41.37
1969 39.91
1970 36.87
1971 36.87
1972 37.59
1973 37.73
1974 36.98
1975 35.17
1976 35.11
1977 36.68
1978 36.50
1979 37.52
1980 36.58
1981 36.78
1982 38.09
1983 35.98
1984 35.91
1985 34.77
1986 37.25
1987 39.15
1988 45.89
1989 50.20
1990 51.05
1991 47.36
1992 47.37
1993 38.09
1994 34.24
1995 31.29
1996 31.85
1997 34.73
1998 35.84
1999 37.47
2000 39.81
2001 89.59
2002 89.80
2003 89.84
2004 91.50
2005 99.14
2006 102.59
2007 110.98
2008 117.71
2009 123.93
2010 122.52
2011 123.99
2012 128.10
2013 130.42
2014 129.37
2015 126.63
2016 128.52
2017 131.28
2018 131.87

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