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

Domestic credit to private sector by banks (% of GDP) in World was 98.93 as of 2020. Its highest value over the past 60 years was 98.93 in 2020, while its lowest value was 32.66 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 32.66
1961 33.92
1962 35.63
1963 37.92
1964 38.94
1965 40.41
1966 40.70
1967 41.72
1968 42.39
1969 43.10
1970 45.39
1971 47.52
1972 52.29
1973 54.57
1974 52.23
1975 51.14
1976 51.58
1977 53.15
1978 56.49
1979 54.68
1980 52.80
1981 53.03
1982 53.97
1983 56.63
1984 58.81
1985 60.60
1986 69.06
1987 74.72
1988 81.55
1989 83.59
1990 79.70
1991 79.95
1992 80.32
1993 82.54
1994 82.23
1995 82.30
1996 79.01
1997 79.66
1998 78.70
1999 80.92
2000 81.17
2001 72.65
2002 72.88
2003 74.45
2004 75.46
2005 76.97
2006 79.24
2007 82.09
2008 83.55
2009 84.50
2010 82.29
2011 81.30
2012 81.35
2013 82.02
2014 82.88
2015 85.80
2016 86.84
2017 85.89
2018 87.95
2019 89.51
2020 98.93

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