Heavily indebted poor countries (HIPC) - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Heavily indebted poor countries (HIPC) was 21.34 as of 2020. Its highest value over the past 59 years was 21.34 in 2020, while its lowest value was 6.78 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
1961 8.05
1962 8.71
1963 6.78
1964 8.26
1965 7.58
1966 7.76
1967 8.49
1968 8.91
1969 8.90
1970 9.40
1971 9.94
1972 10.54
1973 11.08
1974 12.43
1975 13.67
1976 13.68
1977 14.36
1978 15.23
1979 16.48
1980 17.49
1981 16.48
1982 17.20
1983 15.95
1984 14.11
1985 13.82
1986 14.44
1987 15.06
1988 13.38
1989 13.18
1990 13.91
1991 13.05
1992 12.70
1993 11.87
1994 10.64
1995 10.46
1996 11.29
1997 12.15
1998 13.02
1999 13.41
2000 11.70
2001 11.44
2002 11.13
2003 11.25
2004 11.12
2005 11.09
2006 12.26
2007 12.90
2008 13.54
2009 13.94
2010 14.11
2011 14.47
2012 15.64
2013 15.96
2014 16.83
2015 18.44
2016 19.16
2017 19.12
2018 19.29
2019 19.61
2020 21.34

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