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Metadata Glossary

CodeFD.AST.PRVT.GD.ZS
Indicator NameDomestic credit to private sector by banks (% of GDP)
Long definitionDomestic 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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
SourceInternational Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
TopicFinancial Sector: Assets
DatasetWB_WDI
Unit of measure%
PeriodicityAnnual
Reference period1960-2024
Aggregation methodWeighted average
Statistical concept and methodologyMethodology: Monetary and Financial statistics are compiled in accordance with international standards: Monetary and Financial Statistics Manual, 2018 or 2004 versions. Specific information on how countries compile their Monetary and Finance statistics can be found on the IMF website: https://dsbb.imf.org/ Statistical concept(s): The conceptual framework comes from the Monetary and Financial Statistic Manual which outlines the analytical presentation of monetary statistics, which provide critical inputs for monetary policy formulation and monitoring. The statistics covered in this Manual also support the assessment of financial system stability.
Development relevanceThis indicator is related the monetary and financial statistics. Monetary and financial statistics are crucial as they offer a detailed picture of a country's financial condition and the workings of its monetary system. This encompasses information on the money supply, prevailing interest rates, and the activities of financial institutions. Central banks and policymakers rely on these statistics to craft monetary policy, manage interest rates, and regulate inflation. For investors and market analysts, these figures provide a window into the financial sector's stability and performance, guiding investment decisions and risk evaluations. They also shed light on the circulation of money within the economy, which has direct implications for consumer spending, business investments, and the overall trajectory of economic growth. Ultimately, these statistics play a pivotal role in ensuring economic stability and promoting sustainable development.
Limitations and exceptionsCredit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.
License URLhttps://datacatalog.worldbank.org/public-licenses#cc-by
License TypeCC BY-4.0
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