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

Domestic credit to private sector (% of GDP) in High income was 165.01 as of 2020. Its highest value over the past 60 years was 165.01 in 2020, while its lowest value was 59.86 in 1960.

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 59.86
1961 63.08
1962 63.86
1963 67.56
1964 69.75
1965 72.08
1966 70.21
1967 73.06
1968 74.41
1969 73.53
1970 77.81
1971 81.55
1972 87.30
1981 84.31
1982 87.86
1983 92.50
1984 94.54
1985 100.31
1986 110.66
1987 117.22
1988 121.92
1989 126.23
1991 127.51
1993 133.33
1994 133.33
1995 136.11
1996 136.86
1997 143.68
1998 151.12
1999 160.30
2000 155.44
2001 139.02
2002 134.32
2003 138.09
2004 139.09
2005 142.18
2006 147.16
2007 149.63
2008 143.23
2009 148.41
2010 144.25
2011 139.10
2012 139.45
2013 141.19
2014 140.04
2015 140.47
2016 142.01
2017 144.78
2018 140.58
2019 147.59
2020 165.01

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