OECD members - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in OECD members was 84.34 as of 2020. Its highest value over the past 60 years was 92.53 in 2008, while its lowest value was 35.68 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 35.68
1961 37.24
1962 39.86
1963 42.73
1964 43.98
1965 45.80
1966 45.59
1967 46.51
1968 47.19
1969 47.79
1970 50.48
1971 52.69
1972 57.96
1973 61.19
1974 60.43
1975 58.42
1976 58.81
1977 60.46
1978 63.11
1981 61.36
1982 61.96
1983 63.99
1984 65.76
1985 67.65
1986 77.52
1987 83.62
1988 88.57
1989 89.56
1990 87.60
1991 86.94
1992 86.90
1993 88.02
1994 89.19
1995 90.49
1996 86.39
1997 86.57
1998 85.24
1999 87.20
2000 87.77
2001 76.44
2002 75.93
2003 77.63
2004 79.55
2005 82.43
2006 85.96
2007 89.88
2008 92.53
2009 90.29
2010 87.85
2011 86.51
2012 84.65
2013 83.25
2014 81.47
2015 79.81
2016 80.39
2017 78.97
2018 78.68
2019 78.28
2020 84.34

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