Gabon: Bank credit to the private sector

* indicates monthly or quarterly data series
 Gabon

Bank credit to the private sector as percent of GDP

 Latest value 13.35
 Year 2019
 Measure percent
 Data availability 1960 - 2019
 Average 13.99
 Min - Max 6.59 - 29.74
 Source The World Bank
For that indicator, we provide data for Gabon from 1960 to 2019. The average value for Gabon during that period was 13.99 percent with a minimum of 6.59 percent in 1996 and a maximum of 29.74 percent in 1987. The latest value from 2019 is 13.35 percent. For comparison, the world average in 2019 based on 169 countries is 52.29 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Gabon - Bank credit to the private sector - Recent values chart

Historical chart
Gabon - Bank credit to the private sector - historical chart - 1960-2019




Bank credit in Gabon and other countries is defined as the credit extended by the banking institutions to the private sector only: both firms and households. It does not include lending to the government.

Credit is essential for the economy to function well. It funds new investments and allows people to purchase houses, cars, and other items. Of course, excessive lending and borrowing usually end up in financial crises but, in principle, credit availability is good for economic development.

If the banking credit to the private sector is about 70 percent of GDP and more, then the country has a relatively well developed financial system. The amount of credit can even exceed 200 percent of GDP in some very advanced economies. In some poor countries, the credit could be less than 15 percent of GDP. In these countries, firms and households essentially do not have access to credit for investment and various purchases.
Definition: Domestic 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.

Related articles

Banking crises

Types of financial institutions



 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 12.85 2013 ATMs per 100,000 adults
 Bank accounts per 1000 adults 205.12 2013 bank accounts
 Bank branches per 100,000 people 9.29 2013 bank branches
 Firms using credit to finance investment 6.30 2009 percent
 Small firms with bank credit 4.10 2009 percent
 Percent people with credit cards 3.24 2021 percent
 Percent people with debit cards 13.79 2021 percent
 Domestic credit to the private sector 13.38 2019 percent
 Bank credit to the private sector 13.35 2019 percent
 Liquid liabilities, percent of GDP 22.93 2019 percent
 Bank assets to GDP 18.56 2019 percent
 Financial system deposits, percent of GDP 18.67 2019 percent
 Bank credit to government 5.22 2019 percent
 Banking system concentration 93.14 2019 percent
 Percent people with bank accounts 27.55 2021 percent
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