Caribbean small states - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Caribbean small states was 49.60 as of 2020. Its highest value over the past 60 years was 49.60 in 2020, while its lowest value was 10.69 in 1963.

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
1960 12.42
1961 12.21
1962 11.78
1963 10.69
1964 12.92
1965 14.57
1966 14.93
1967 15.21
1968 16.06
1969 27.33
1970 28.37
1971 24.91
1972 27.74
1973 30.59
1974 25.44
1975 24.91
1976 25.63
1977 24.46
1978 25.68
1979 24.97
1980 23.63
1981 26.23
1982 28.23
1983 31.68
1984 31.19
1985 30.55
1986 30.74
1987 32.08
1988 33.42
1989 34.34
1990 32.98
1991 34.23
1992 33.77
1993 32.52
1994 31.08
1995 32.67
1996 33.25
1997 33.12
1998 35.78
1999 36.05
2000 36.95
2001 39.16
2002 39.31
2003 38.59
2004 39.21
2005 38.87
2006 39.37
2007 40.76
2008 39.38
2009 45.28
2010 39.20
2011 37.68
2012 41.10
2013 41.00
2014 40.88
2015 42.78
2016 44.16
2017 45.03
2018 44.20
2019 45.50
2020 49.60

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