Domestic credit to private sector by banks (% of GDP) in Venezuela
Venezuela: Domestic credit to private sector by banks (% of GDP) was 23.9% in 2015. ▬ Flat
Domestic credit to private sector by banks in Venezuela, 1960–2015
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2015, domestic credit to private sector by banks in Venezuela stood at 23.9%.
Compared with earlier readings it is down 4.0% on the previous year and up 81.9% over ten years.
Over the whole period, domestic credit to private sector by banks in Venezuela peaked at 33.4% in 1978 and was at its lowest, 8.1%, in 1996.
That places Venezuela 127th out of 187 countries with data for 2015, putting it in the middle of the range.
Domestic credit to private sector by banks (% of GDP) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 15.7% | — |
| 1961 | 14.8% | -5.5% |
| 1962 | 14.2% | -3.9% |
| 1963 | 13.7% | -3.8% |
| 1964 | 14.5% | +6.0% |
| 1965 | 15.4% | +6.2% |
| 1966 | 15.0% | -2.4% |
| 1967 | 15.6% | +3.8% |
| 1968 | 16.1% | +3.1% |
| 1969 | 16.9% | +5.1% |
| 1970 | 16.7% | -1.5% |
| 1971 | 16.8% | +0.5% |
| 1972 | 18.2% | +8.6% |
| 1973 | 19.4% | +6.4% |
| 1974 | 16.9% | -12.8% |
| 1975 | 24.3% | +43.8% |
| 1976 | 29.1% | +19.7% |
| 1977 | 29.8% | +2.6% |
| 1978 | 33.4% | +12.0% |
| 1979 | 28.4% | -15.0% |
| 1980 | 27.3% | -4.0% |
| 1981 | 26.5% | -2.7% |
| 1982 | 29.2% | +10.2% |
| 1983 | 30.7% | +4.9% |
| 1984 | 24.7% | -19.5% |
| 1985 | 24.8% | +0.6% |
| 1986 | 30.6% | +23.3% |
| 1987 | 28.9% | -5.6% |
| 1988 | 30.0% | +3.8% |
| 1989 | 19.9% | -33.6% |
| 1990 | 16.5% | -17.1% |
| 1991 | 18.4% | +11.5% |
| 1992 | 18.6% | +0.9% |
| 1993 | 15.8% | -15.2% |
| 1994 | 9.2% | -41.7% |
| 1995 | 8.7% | -5.9% |
| 1996 | 8.1% | -6.1% |
| 1997 | 12.6% | +55.1% |
| 1998 | 12.0% | -4.5% |
| 1999 | 11.2% | -6.9% |
| 2000 | 10.5% | -6.5% |
| 2001 | 12.3% | +17.3% |
| 2002 | 10.0% | -18.3% |
| 2003 | 8.8% | -12.3% |
| 2004 | 11.0% | +25.0% |
| 2005 | 13.2% | +19.6% |
| 2006 | 17.0% | +29.0% |
| 2007 | 23.4% | +37.9% |
| 2008 | 21.4% | -8.5% |
| 2009 | 23.6% | +9.9% |
| 2010 | 18.8% | -20.2% |
| 2011 | 20.4% | +8.4% |
| 2012 | 23.8% | +16.6% |
| 2013 | 27.3% | +15.1% |
| 2014 | 24.9% | -8.9% |
| 2015 | 23.9% | -4.0% |
Venezuela compared with similar countries
- Venezuela's 23.9% is above the median for lower middle income countries, which is 23.4%, 1.0× the median. (46 countries reporting)
- Venezuela's 23.9% is below the median for Latin America & Caribbean, which is 42.9%, 56% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.2% | 13.7% | 16.9% | 10 |
| 1970s | 23.3% | 16.7% | 33.4% | 10 |
| 1980s | 27.3% | 19.9% | 30.7% | 10 |
| 1990s | 13.1% | 8.1% | 18.6% | 10 |
| 2000s | 15.1% | 8.8% | 23.6% | 10 |
| 2010s | 23.2% | 18.8% | 27.3% | 6 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- 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 to private sector by banks in Venezuela?
- Domestic credit to private sector by banks in Venezuela was 23.9% in 2015, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Venezuela?
- The highest recorded value was 33.4% in 1978.
- What is the lowest domestic credit to private sector by banks recorded in Venezuela?
- The lowest recorded value was 8.1% in 1996.
- How does Venezuela rank for domestic credit to private sector by banks?
- Venezuela ranks 127th out of 187 countries with data for 2015.
- Is domestic credit to private sector by banks rising or falling in Venezuela?
- Over the last ten years it is up 81.9%. The long-run trend across the full record is flat.
- Where does this Venezuela data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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. 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.