United Kingdom - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in United Kingdom was 143.68 as of 2020. Its highest value over the past 60 years was 191.41 in 2009, while its lowest value was 17.34 in 1960.

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 17.34
1961 17.49
1962 17.44
1963 19.34
1964 20.67
1965 20.62
1966 19.50
1967 19.82
1968 19.71
1969 19.35
1970 19.82
1971 20.75
1972 28.55
1973 33.56
1974 35.20
1975 28.31
1976 27.36
1977 26.08
1978 25.60
1979 25.86
1980 26.22
1981 30.86
1982 34.05
1983 37.07
1984 42.24
1985 43.91
1986 77.61
1987 82.77
1988 91.58
1989 102.93
1990 104.81
1991 102.33
1992 101.68
1993 99.88
1994 100.03
1995 97.18
1996 100.08
1997 102.15
1998 102.54
1999 105.59
2000 114.95
2001 120.23
2002 124.98
2003 129.48
2004 137.12
2005 143.03
2006 153.61
2007 169.50
2008 190.56
2009 191.41
2010 184.18
2011 169.66
2012 160.04
2013 148.57
2014 134.53
2015 129.60
2016 130.71
2017 132.34
2018 132.61
2019 131.31
2020 143.68

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