South Asia - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in South Asia was 50.89 as of 2020. Its highest value over the past 60 years was 50.89 in 2020, while its lowest value was 7.98 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 7.98
1961 8.61
1962 9.31
1963 9.63
1964 9.47
1965 10.21
1966 11.10
1967 10.83
1968 11.53
1969 12.01
1970 12.76
1971 13.75
1972 14.33
1973 13.64
1974 12.18
1975 13.00
1976 16.50
1977 17.14
1978 18.23
1979 19.49
1980 19.09
1981 19.69
1982 21.31
1983 21.92
1984 23.18
1985 23.79
1986 25.01
1987 24.50
1988 24.40
1989 25.33
1990 23.91
1991 22.43
1992 23.18
1993 22.67
1994 22.67
1995 22.81
1996 23.31
1997 23.51
1998 23.72
1999 25.13
2000 26.69
2001 27.15
2002 30.12
2003 29.98
2004 34.19
2005 37.46
2006 40.39
2007 42.52
2008 45.49
2009 44.08
2010 46.52
2011 46.76
2012 46.96
2013 47.11
2014 46.98
2015 47.00
2016 45.43
2017 45.65
2018 47.16
2019 47.20
2020 50.89

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