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

Domestic credit to private sector (% of GDP) in OECD members was 160.78 as of 2020. Its highest value over the past 60 years was 160.78 in 2020, while its lowest value was 59.74 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 59.74
1961 62.96
1962 63.73
1963 67.46
1964 69.58
1965 72.07
1966 70.26
1967 73.09
1968 74.68
1969 73.81
1970 78.09
1971 81.95
1972 87.77
1982 89.97
1983 94.21
1984 96.07
1985 101.68
1986 112.01
1987 118.24
1988 122.87
1989 127.70
1993 134.67
1994 134.47
1995 137.34
1996 138.17
1997 141.58
1998 148.45
1999 157.53
2000 152.37
2001 136.37
2002 131.89
2003 136.25
2004 137.44
2005 140.54
2006 145.72
2007 148.22
2008 140.23
2009 145.39
2010 141.05
2011 136.31
2012 136.76
2013 138.24
2014 136.97
2015 137.35
2016 139.46
2017 142.37
2018 137.24
2019 143.74
2020 160.78

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