Small states - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Small states was 92.33 as of 2020. Its highest value over the past 60 years was 92.33 in 2020, while its lowest value was 15.62 in 1963.

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 16.83
1961 16.04
1962 15.66
1963 15.62
1964 16.02
1965 17.65
1966 18.11
1967 18.65
1968 18.95
1969 26.23
1970 26.03
1971 23.69
1972 25.10
1973 25.81
1974 20.33
1975 20.39
1976 20.38
1977 21.71
1978 22.94
1979 21.40
1980 20.98
1981 22.97
1982 25.86
1983 28.99
1984 28.26
1985 29.68
1986 31.74
1987 31.86
1988 30.96
1989 32.08
1990 28.55
1991 31.90
1992 34.34
1993 32.00
1994 31.16
1995 31.74
1996 30.92
1997 33.16
1998 36.52
1999 38.01
2000 37.54
2001 49.02
2002 49.57
2003 52.13
2004 53.36
2005 61.32
2006 65.70
2007 67.42
2008 63.22
2009 69.90
2010 62.95
2011 57.58
2012 54.72
2013 55.51
2014 56.45
2015 67.23
2016 69.65
2017 68.27
2018 65.24
2019 71.19
2020 92.33

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