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

Domestic credit to private sector by banks (% of GDP) in High income was 87.65 as of 2020. Its highest value over the past 60 years was 94.82 in 2008, while its lowest value was 36.31 in 1960.

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 36.31
1961 37.79
1962 40.44
1963 43.44
1964 44.79
1965 46.56
1966 46.31
1967 47.25
1968 47.81
1969 48.37
1970 51.02
1971 53.16
1972 58.58
1973 61.90
1974 60.55
1976 58.64
1977 60.52
1978 63.49
1981 61.68
1982 62.31
1983 64.44
1984 66.47
1985 68.66
1986 78.18
1987 84.55
1988 89.76
1989 90.64
1990 89.45
1991 88.66
1992 88.55
1993 90.45
1994 91.33
1995 92.17
1996 88.43
1997 89.01
1998 88.46
1999 90.22
2000 90.90
2001 78.89
2002 78.29
2003 79.72
2004 81.62
2005 84.59
2006 88.01
2007 92.10
2008 94.82
2009 92.73
2010 90.29
2011 88.64
2012 86.76
2013 85.48
2014 83.89
2015 82.57
2016 83.09
2017 81.61
2018 81.59
2019 81.37
2020 87.65

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