South Africa - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in South Africa was 107.88 as of 2020. Its highest value over the past 55 years was 142.42 in 2007, while its lowest value was 53.97 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
1965 67.70
1966 66.03
1967 65.27
1968 63.01
1969 64.48
1970 66.40
1971 66.92
1972 65.67
1973 65.79
1974 61.86
1975 63.82
1976 61.53
1977 60.07
1978 58.97
1979 56.94
1980 53.97
1981 58.77
1982 60.57
1983 64.76
1984 67.77
1985 71.13
1986 70.46
1987 71.09
1988 72.93
1989 75.44
1990 78.47
1992 99.38
1993 95.83
1994 101.06
1995 105.01
1996 105.54
1997 102.37
1998 103.72
1999 118.17
2000 117.10
2001 121.07
2002 97.32
2003 102.77
2004 112.82
2005 122.28
2006 139.01
2007 142.42
2008 125.96
2009 121.09
2010 124.90
2011 118.72
2012 125.17
2013 126.98
2014 128.85
2015 125.88
2016 123.40
2017 125.97
2018 117.01
2019 116.13
2020 107.88

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