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

Domestic credit to private sector (% of GDP) in Benin was 15.54 as of 2020. Its highest value over the past 60 years was 31.84 in 1983, while its lowest value was 4.83 in 2002.

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 5.01
1961 5.54
1962 6.68
1963 7.14
1964 7.35
1965 6.36
1966 5.72
1967 6.07
1968 6.36
1969 7.63
1970 8.02
1971 9.25
1972 10.07
1973 11.33
1974 12.32
1975 22.37
1976 19.23
1977 20.40
1978 21.52
1979 25.17
1980 28.63
1981 24.80
1982 30.22
1983 31.84
1984 25.44
1985 30.96
1986 28.66
1987 26.58
1988 28.56
1989 21.58
1990 19.13
1991 15.38
1992 11.67
1993 10.51
1994 8.45
1995 7.43
1996 8.48
1997 5.42
1998 6.91
1999 7.14
2000 7.76
2001 5.14
2002 4.83
2003 7.67
2004 7.80
2005 9.03
2006 10.34
2007 12.31
2008 12.78
2009 15.13
2010 15.83
2011 16.57
2012 15.65
2013 16.45
2014 16.74
2015 16.74
2016 17.48
2017 16.58
2018 16.75
2019 17.61
2020 15.54

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