Georgia: Bank credit to the private sector

* indicates monthly or quarterly data series

Bank credit to the private sector as percent of GDP

 Latest value 60.82
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 30.07
 Min - Max 3.30 - 76.78
 Source The World Bank
For that indicator, we provide data for Georgia from 1995 to 2022. The average value for Georgia during that period was 30.07 percent with a minimum of 3.3 percent in 1996 and a maximum of 76.78 percent in 2020. The latest value from 2022 is 60.82 percent. For comparison, the world average in 2022 based on 148 countries is 54.21 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
Georgia - Bank credit to the private sector - Recent values chart

Historical chart
Georgia - Bank credit to the private sector - historical chart - 1995-2022

Bank credit in Georgia 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.

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 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 95.39 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 868.79 2020 bank accounts
 Bank branches per 100,000 people 31.72 2020 bank branches
 Firms using credit to finance investment 34.50 2019 percent
 Small firms with bank credit 38.00 2019 percent
 Percent people with credit cards 12.92 2021 percent
 Percent people with debit cards 42.28 2021 percent
 Domestic credit to the private sector 79.88 2020 percent
 Bank credit to the private sector 60.82 2022 percent
 Liquid liabilities, percent of GDP 46.33 2021 percent
 Bank assets to GDP 76.51 2021 percent
 Financial system deposits, percent of GDP 50.31 2021 percent
 Bank credit to government 9.22 2020 percent
 Banking system concentration 84.25 2021 percent
 Foreign bank assets 64.00 2013 percent of total bank assets
 Percent people with bank accounts 70.47 2021 percent
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