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

Domestic credit to private sector by banks (% of GDP) in Lower middle income was 45.61 as of 2020. Its highest value over the past 60 years was 45.61 in 2020, while its lowest value was 8.24 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 8.24
1961 9.51
1962 9.83
1963 10.39
1964 10.49
1965 11.29
1966 12.17
1967 12.51
1968 13.33
1969 13.80
1970 13.72
1971 15.01
1972 16.16
1973 16.28
1974 14.96
1975 17.41
1976 19.53
1977 20.27
1978 21.69
1979 22.84
1980 21.42
1981 19.54
1982 20.80
1983 22.20
1984 22.76
1985 23.67
1986 25.95
1987 25.95
1988 25.81
1989 27.00
1990 27.09
1991 26.38
1992 22.98
1993 23.88
1994 25.64
1995 26.33
1996 27.38
1997 29.26
1998 26.28
1999 25.06
2000 26.31
2001 26.75
2002 27.63
2003 27.79
2004 29.91
2005 31.49
2006 33.24
2007 36.43
2008 38.14
2009 38.66
2010 38.84
2011 38.79
2012 38.83
2013 38.48
2014 39.43
2015 40.98
2016 42.36
2017 41.32
2018 42.22
2019 42.23
2020 45.61

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