Guyana - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in Guyana was 39.18 as of 2020. Its highest value over the past 40 years was 62.12 in 2002, while its lowest value was 17.94 in 1980.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include 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
1980 17.94
1981 21.82
1982 29.39
1983 33.67
1984 34.78
1985 33.59
1986 38.04
1987 34.25
1988 45.36
1989 28.30
1990 29.61
1991 18.73
1992 21.47
1993 20.90
1994 21.85
1995 28.01
1996 42.05
1997 48.24
1998 56.07
1999 57.08
2000 57.12
2001 60.72
2002 62.12
2003 57.55
2004 53.20
2005 57.12
2006 22.66
2007 22.36
2008 21.84
2009 23.35
2010 24.51
2011 26.44
2012 28.77
2013 31.97
2014 36.66
2015 36.50
2016 34.95
2017 34.07
2018 36.57
2019 37.09
2020 39.18

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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations 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 financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets