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

Armenia AM: Domestic Credit: to Private Sector by Banks: % of GDP data was reported at 53.573 % in 2023. This records an increase from the previous number of 50.290 % for 2022. Armenia AM: Domestic Credit: to Private Sector by Banks: % of GDP data is updated yearly, averaging 21.746 % from Dec 1992 (Median) to 2023, with 32 observations. The data reached an all-time high of 69.065 % in 2020 and a record low of 5.623 % in 1996. Armenia AM: Domestic Credit: to Private Sector by Banks: % 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 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.;International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.;Weighted average;

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