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

Domestic credit to private sector by banks (% of GDP) in Zambia was 12.27 as of 2020. Its highest value over the past 55 years was 21.20 in 1975, while its lowest value was 4.65 in 1993.

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
1965 5.57
1966 7.61
1967 9.72
1968 8.19
1969 8.16
1970 11.03
1971 12.72
1972 11.74
1973 10.53
1974 17.39
1975 21.20
1976 16.94
1977 17.00
1978 13.11
1979 13.93
1980 14.15
1981 17.88
1982 19.72
1983 19.19
1984 11.28
1985 8.67
1986 8.46
1987 7.65
1988 9.20
1989 11.18
1990 8.04
1991 7.09
1992 5.12
1993 4.65
1994 5.56
1995 7.30
1996 8.06
1997 6.82
1998 5.96
1999 6.42
2000 7.37
2001 6.36
2002 5.30
2003 5.85
2004 6.93
2005 6.53
2006 8.08
2007 9.62
2008 12.17
2009 9.95
2010 9.15
2011 10.01
2012 11.93
2013 11.64
2014 13.33
2015 15.68
2016 12.06
2017 11.14
2018 11.64
2019 12.50
2020 12.27

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