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

Domestic credit to private sector (% of GDP) in Caribbean small states was 48.81 as of 2020. Its highest value over the past 60 years was 48.81 in 2020, while its lowest value was 10.83 in 1963.

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 12.59
1961 12.63
1962 12.22
1963 10.83
1964 13.33
1965 15.32
1966 15.49
1967 15.72
1968 16.38
1969 21.03
1970 21.86
1971 22.91
1972 26.39
1973 32.73
1974 27.42
1975 26.88
1976 27.45
1977 25.89
1978 27.38
1979 26.48
1980 24.77
1981 27.19
1982 29.22
1983 32.81
1984 32.55
1985 32.22
1986 32.99
1987 34.65
1988 35.96
1989 36.81
1990 34.95
1991 36.23
1992 35.90
1993 33.98
1994 32.46
1995 34.01
1996 34.61
1997 33.44
1998 36.14
1999 36.52
2000 37.43
2001 39.76
2002 39.96
2003 39.26
2004 39.79
2005 39.47
2006 39.94
2007 41.09
2008 39.61
2009 45.63
2010 39.42
2011 37.85
2012 41.08
2013 40.92
2014 40.95
2015 42.80
2016 44.15
2017 44.34
2018 44.00
2019 46.11
2020 48.81

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