Somalia
Bank Credit To The Private Sector
16.05
percent of GDP- Somalia
- Global Median
Source: IMF
Definition of Bank Credit To The Private Sector
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.
