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

Domestic credit to private sector by banks (% of GDP) in Turkey was 70.92 as of 2020. Its highest value over the past 60 years was 70.92 in 2020, while its lowest value was 12.73 in 1961.

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 17.65
1961 12.73
1962 14.11
1963 14.06
1964 14.70
1965 16.21
1966 17.01
1967 17.67
1968 18.60
1969 20.10
1970 20.63
1971 18.88
1972 20.33
1973 20.95
1974 19.66
1975 21.38
1976 22.19
1977 21.95
1978 17.45
1979 14.69
1980 13.59
1981 16.65
1982 18.48
1983 20.76
1984 17.85
1985 17.43
1986 19.65
1987 20.58
1988 17.33
1989 16.64
1990 16.67
1991 17.17
1992 17.94
1993 18.12
1994 15.94
1995 18.49
1996 22.83
1997 26.30
1998 16.77
1999 16.20
2000 17.25
2001 14.91
2002 14.05
2003 14.01
2004 16.57
2005 21.22
2006 24.72
2007 28.02
2008 30.90
2009 34.53
2010 41.60
2011 46.16
2012 48.73
2013 56.72
2014 59.64
2015 62.60
2016 65.28
2017 65.94
2018 63.17
2019 61.83
2020 70.92

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