Upper middle income - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Upper middle income was 141.43 as of 2020. Its highest value over the past 52 years was 141.43 in 2020, while its lowest value was 19.63 in 1968.

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
1968 19.63
1969 22.62
1973 27.26
1974 27.30
1975 29.25
1976 30.15
1977 29.33
1978 29.23
1979 28.94
1980 26.84
1981 29.21
1982 31.03
1983 33.07
1984 33.49
1985 40.06
1986 38.23
1987 37.39
1988 57.01
1989 67.24
1990 44.84
1991 43.80
1992 54.13
1993 62.13
1994 54.32
1995 52.28
1996 54.32
1997 57.04
1998 53.92
1999 57.08
2000 56.08
2001 54.03
2002 58.82
2003 62.10
2004 59.27
2005 57.07
2006 58.54
2007 60.86
2008 62.03
2009 76.67
2010 77.92
2011 78.60
2012 84.05
2013 89.51
2014 96.06
2015 108.84
2016 111.84
2017 110.05
2018 116.86
2019 123.49
2020 141.43

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