St. Lucia - Domestic credit to private sector (% of GDP)

Domestic credit to private sector (% of GDP) in St. Lucia was 72.89 as of 2020. Its highest value over the past 40 years was 93.51 in 2009, while its lowest value was 30.10 in 1986.

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 35.55
1981 35.24
1982 39.79
1983 39.11
1984 35.08
1985 32.86
1986 30.10
1987 30.83
1988 34.61
1989 39.53
1990 36.96
1991 37.65
1992 37.37
1993 43.62
1994 44.65
1995 45.94
1996 50.29
1997 53.85
1998 53.11
1999 56.01
2000 58.84
2001 63.98
2002 63.93
2003 56.20
2004 57.31
2005 62.53
2006 69.70
2007 85.68
2008 88.87
2009 93.51
2010 90.61
2011 87.69
2012 92.44
2013 89.15
2014 79.09
2015 70.89
2016 64.15
2017 58.92
2018 55.79
2019 53.36
2020 72.89

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