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

Domestic credit to private sector by banks (% of GDP) in Vanuatu was 61.91 as of 2020. Its highest value over the past 41 years was 75.47 in 2014, while its lowest value was 27.35 in 1985.

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
1979 30.24
1980 31.97
1981 31.37
1982 29.52
1983 29.94
1984 28.05
1985 27.35
1986 29.53
1987 29.92
1988 30.09
1989 30.24
1990 33.27
1991 29.86
1992 35.50
1993 35.07
1994 33.54
1995 32.46
1996 33.55
1997 30.31
1998 31.71
1999 35.15
2000 30.87
2001 32.80
2002 36.29
2003 37.89
2004 39.10
2005 42.98
2006 41.86
2007 43.22
2008 54.74
2009 64.58
2010 67.23
2011 69.00
2012 73.40
2013 72.40
2014 75.47
2015 72.22
2016 68.79
2017 64.32
2018 61.31
2019 57.84
2020 61.91

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