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

Domestic credit to private sector (% of GDP) in Small states was 94.94 as of 2020. Its highest value over the past 60 years was 94.94 in 2020, while its lowest value was 16.59 in 1963.

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 17.45
1961 17.11
1962 16.81
1963 16.59
1964 17.03
1967 19.83
1968 19.94
1972 24.73
1973 27.34
1974 21.29
1975 21.55
1976 21.21
1977 22.46
1978 23.85
1979 22.06
1980 21.57
1981 23.49
1982 26.55
1983 29.82
1984 29.11
1985 30.73
1986 33.13
1987 33.24
1988 32.26
1989 33.27
1990 29.82
1991 33.35
1992 35.43
1993 32.30
1994 31.21
1995 31.48
1996 30.82
1997 33.06
1998 36.84
1999 37.43
2000 37.11
2001 49.74
2002 50.42
2003 53.28
2004 54.39
2005 63.04
2006 66.64
2007 68.30
2008 63.93
2009 70.88
2010 63.71
2011 58.10
2012 55.14
2013 55.88
2014 56.87
2015 67.89
2016 70.47
2017 69.72
2018 66.68
2019 73.02
2020 94.94

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