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

Domestic credit to private sector (% of GDP) in United States was 215.95 as of 2020. Its highest value over the past 60 years was 215.95 in 2020, while its lowest value was 70.87 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 70.87
1961 75.08
1962 75.55
1963 80.29
1964 83.14
1965 86.14
1966 83.51
1967 87.02
1968 87.85
1969 86.76
1970 87.68
1971 91.12
1972 95.79
1973 94.84
1974 92.29
1975 90.47
1976 89.88
1977 90.18
1978 91.63
1979 92.95
1980 94.35
1981 89.24
1982 92.61
1983 96.11
1984 96.80
1985 103.68
1986 110.16
1987 112.62
1988 113.69
1989 117.54
1990 114.79
1991 119.18
1992 118.24
1993 120.99
1994 120.18
1995 130.17
1996 137.67
1997 146.58
1998 157.80
1999 171.62
2000 162.60
2001 170.85
2002 162.30
2003 177.37
2004 184.86
2005 188.67
2006 198.30
2007 206.67
2008 185.84
2009 187.86
2010 182.61
2011 175.12
2012 175.68
2013 184.67
2014 184.90
2015 179.59
2016 182.32
2017 190.71
2018 179.46
2019 190.82
2020 215.95

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