Domestic credit provided by financial sector in Venezuela, Bolivarian Republic of
Venezuela, Bolivarian Republic of: Domestic credit provided by financial sector was 22.5% in 2010. ▼ Falling
Domestic credit provided by financial sector in Venezuela, Bolivarian Republic of, 1963–2010
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit provided by financial sector in Venezuela, Bolivarian Republic of is 22.5%, measured in 2010.
The figure is down 13.1% on the previous year and up 51.0% over ten years.
Over the whole period, domestic credit provided by financial sector in Venezuela, Bolivarian Republic of peaked at 65.8% in 1983 and was at its lowest, 10.5%, in 2004.
Venezuela, Bolivarian Republic of ranks 59th of 65 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 48 years of available data.
Domestic credit provided by financial sector in Venezuela, Bolivarian Republic of, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1963 | 23.5% | — |
| 1964 | 22.8% | -3.0% |
| 1965 | 24.8% | +8.9% |
| 1966 | 21.8% | -12.2% |
| 1967 | 22.6% | +3.8% |
| 1968 | 23.7% | +4.7% |
| 1969 | 27.7% | +17.2% |
| 1970 | 28.0% | +0.8% |
| 1971 | 29.7% | +6.2% |
| 1972 | 33.1% | +11.4% |
| 1973 | 36.3% | +9.7% |
| 1974 | 28.0% | -22.8% |
| 1975 | 36.1% | +28.9% |
| 1976 | 41.6% | +15.3% |
| 1977 | 46.9% | +12.7% |
| 1978 | 53.9% | +14.9% |
| 1979 | 50.2% | -6.8% |
| 1980 | 52.1% | +3.8% |
| 1981 | 55.9% | +7.2% |
| 1982 | 63.7% | +14.0% |
| 1983 | 65.8% | +3.2% |
| 1984 | 49.7% | -24.4% |
| 1985 | 48.8% | -1.8% |
| 1986 | 55.4% | +13.3% |
| 1987 | 48.6% | -12.2% |
| 1988 | 53.1% | +9.3% |
| 1989 | 36.2% | -31.8% |
| 1990 | 37.4% | +3.2% |
| 1991 | 32.7% | -12.6% |
| 1992 | 33.8% | +3.5% |
| 1993 | 31.3% | -7.6% |
| 1994 | 34.6% | +10.7% |
| 1995 | 35.8% | +3.5% |
| 1996 | 19.3% | -46.2% |
| 1997 | 17.5% | -9.2% |
| 1998 | 18.2% | +3.9% |
| 1999 | 17.6% | -3.4% |
| 2000 | 14.9% | -15.2% |
| 2001 | 15.8% | +5.9% |
| 2002 | 15.3% | -3.3% |
| 2003 | 10.6% | -30.5% |
| 2004 | 10.5% | -0.8% |
| 2005 | 12.6% | +20.3% |
| 2006 | 18.4% | +45.7% |
| 2007 | 19.9% | +8.2% |
| 2008 | 20.2% | +1.2% |
| 2009 | 25.9% | +28.3% |
| 2010 | 22.5% | -13.1% |
Venezuela, Bolivarian Republic of compared with similar countries
- Venezuela, Bolivarian Republic of's 22.5% is below the median for lower middle income countries, which is 36.3%, 62% of the median. (17 countries reporting)
- Venezuela, Bolivarian Republic of's 22.5% is below the median for Latin America & Caribbean, which is 65.9%, 34% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.8% | 21.8% | 27.7% | 7 |
| 1970s | 38.4% | 28.0% | 53.9% | 10 |
| 1980s | 52.9% | 36.2% | 65.8% | 10 |
| 1990s | 27.8% | 17.5% | 37.4% | 10 |
| 2000s | 16.4% | 10.5% | 25.9% | 10 |
| 2010s | 22.5% | 22.5% | 22.5% | 1 |
Countries ranked near Venezuela, Bolivarian Republic of
- 56 Guyana 30.7% compare
- 57 Nicaragua 29.1% compare
- 58 Uzbekistan 24.1%
- 60 Azerbaijan 22.0%
- 61 Peru 19.1% compare
- 62 Angola 14.8%
More financial sector data for Venezuela, Bolivarian Republic of
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is domestic credit provided by financial sector in Venezuela, Bolivarian Republic of?
- Domestic credit provided by financial sector in Venezuela, Bolivarian Republic of was 22.5% in 2010, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Venezuela, Bolivarian Republic of?
- The highest recorded value was 65.8% in 1983.
- What is the lowest domestic credit provided by financial sector recorded in Venezuela, Bolivarian Republic of?
- The lowest recorded value was 10.5% in 2004.
- How does Venezuela, Bolivarian Republic of rank for domestic credit provided by financial sector?
- Venezuela, Bolivarian Republic of ranks 59th out of 65 countries with data for 2010.
- Is domestic credit provided by financial sector rising or falling in Venezuela, Bolivarian Republic of?
- Over the last ten years it is up 51.0%. The long-run trend across the full record is falling.
- Where does this Venezuela, Bolivarian Republic of data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes 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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.