Somalia: Domestic credit to the private sector
* indicates monthly or quarterly data series
| Somalia |
Domestic credit to the private sector, percent of GDP |
|---|---|
| Latest value | 16.05 |
| Year | 1989 |
| Measure | percent |
| Data availability | 1960 - 1989 |
| Average | 8.76 |
| Min - Max | 2.42 - 31.11 |
| Source | The World Bank |
The latest value from 1989 is 16.05 percent, an increase from 10.44 percent in 1988. In comparison, the world average is 33.92 percent, based on data from 96 countries. Historically, the average for Somalia from 1960 to 1989 is 8.76 percent. The minimum value, 2.42 percent, was reached in 1960 while the maximum of 31.11 percent was recorded in 1974.
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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 |
|---|---|---|---|
| Percent people with credit cards | 0.59 | 2014 | percent |
| Percent people with debit cards | 2.36 | 2014 | percent |
| Domestic credit to the private sector | 16.05 | 1989 | percent |
| Bank credit to the private sector | 14.84 | 1989 | percent |
| Percent people with bank accounts | 7.86 | 2014 | percent |