Eritrea: Domestic credit to the private sector
* indicates monthly or quarterly data series
| Eritrea |
Domestic credit to the private sector, percent of GDP |
|---|---|
| Latest value | 53.24 |
| Year | 2014 |
| Measure | percent |
| Data availability | 1995 - 2014 |
| Average | 28.30 |
| Min - Max | 16.16 - 53.24 |
| Source | The World Bank |
The latest value from 2014 is 53.24 percent, an increase from 33.99 percent in 2013. In comparison, the world average is 55.22 percent, based on data from 170 countries. Historically, the average for Eritrea from 1995 to 2014 is 28.3 percent. The minimum value, 16.16 percent, was reached in 2012 while the maximum of 53.24 percent was recorded in 2014.
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Definition: Domestic credit to private sector refers to financial resources provided to the private sector, 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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Firms using credit to finance investment | 11.90 | 2009 | percent |
| Small firms with bank credit | 6.60 | 2009 | percent |
| Domestic credit to the private sector | 53.24 | 2014 | percent |
| Bank credit to the private sector | 19.00 | 2014 | percent |
| Liquid liabilities, percent of GDP | 172.68 | 2014 | percent |
| Bank assets to GDP | 75.24 | 2014 | percent |
| Bank credit to government | 56.69 | 2014 | percent |