Armenia AM: Domestic Credit: to Private Sector: % of GDP

Armenia AM: Domestic Credit: to Private Sector: % of GDP data was reported at 55.636 % in 2023. This records an increase from the previous number of 52.554 % for 2022. Armenia AM: Domestic Credit: to Private Sector: % of GDP data is updated yearly, averaging 48.917 % from Dec 2009 (Median) to 2023, with 15 observations. The data reached an all-time high of 72.193 % in 2020 and a record low of 24.855 % in 2009. Armenia AM: Domestic Credit: to Private Sector: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Armenia – Table AM.World Bank.WDI: Bank Loans. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

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