World - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in World was 147.94 as of 2020. Its highest value over the past 60 years was 204.39 in 1960, while its lowest value was 56.00 in 1962.

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 204.39
1961 200.03
1962 56.00
1963 58.80
1964 60.41
1965 62.32
1966 61.63
1967 64.34
1968 65.64
1969 65.08
1970 69.50
1971 73.07
1972 78.42
1977 73.12
1981 73.93
1982 76.75
1983 81.45
1984 84.15
1985 88.81
1986 100.08
1988 111.44
1989 116.91
1993 123.17
1994 121.19
1995 121.64
1996 121.44
1997 124.42
1998 130.06
1999 139.45
2000 135.02
2001 123.96
2002 121.05
2003 124.83
2004 124.65
2005 125.32
2006 127.95
2007 128.18
2008 120.25
2009 124.89
2010 119.85
2011 115.59
2012 116.43
2013 118.44
2014 119.98
2015 123.29
2016 125.18
2017 126.29
2018 125.70
2019 131.49
2020 147.94

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