Tunisia - Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by financial sector (% of GDP) in Tunisia was 92.53 as of 2017. Its highest value over the past 47 years was 92.53 in 2017, while its lowest value was 40.60 in 1972.

Definition: Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes 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
1970 48.44
1971 44.83
1972 40.60
1973 43.91
1974 42.95
1975 49.03
1976 54.06
1977 55.96
1978 57.74
1979 55.79
1980 54.41
1981 59.36
1982 64.70
1983 68.44
1984 71.44
1985 76.56
1986 82.01
1992 71.56
1993 71.54
1994 71.10
1995 71.20
1996 65.23
1997 61.90
1998 62.18
1999 63.64
2000 66.37
2001 66.97
2002 67.63
2003 65.40
2004 64.15
2005 63.54
2006 63.79
2007 64.37
2008 65.59
2009 68.42
2010 70.66
2011 79.17
2012 79.39
2013 80.55
2014 81.84
2015 84.77
2016 87.79
2017 92.53

Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector.

Statistical Concept and Methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions 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 banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets