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

Domestic credit to private sector by banks (% of GDP) in United States was 54.41 as of 2020. Its highest value over the past 60 years was 59.78 in 2008, while its lowest value was 38.93 in 1960.

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
1960 38.93
1961 40.72
1962 42.36
1963 45.37
1964 47.16
1965 49.06
1966 48.23
1967 48.89
1968 49.16
1969 49.61
1970 49.64
1971 50.74
1972 53.89
1973 56.49
1974 57.36
1975 54.13
1976 53.76
1977 55.66
1978 56.63
1979 56.62
1980 55.07
1981 52.26
1982 51.33
1983 51.63
1984 53.52
1985 55.05
1986 56.72
1987 56.86
1988 57.34
1989 56.12
1990 52.72
1991 49.09
1992 45.64
1993 44.37
1994 44.47
1995 45.84
1996 46.27
1997 46.58
1998 47.25
1999 47.31
2000 48.97
2001 50.15
2002 50.28
2003 51.46
2004 53.35
2005 55.27
2006 57.16
2007 59.47
2008 59.78
2009 54.01
2010 52.47
2011 50.81
2012 50.07
2013 49.36
2014 49.80
2015 51.00
2016 52.25
2017 52.43
2018 52.01
2019 52.03
2020 54.41

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