Domestic credit to private sector (% of GDP) (World Development) in Venezuela
Venezuela: Domestic credit to private sector (% of GDP) (World Development) was 29.9% in 2013. ◆ Volatile
Domestic credit to private sector in Venezuela, 1960–2013
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Venezuela is 29.9%, measured in 2013.
Compared with earlier readings it is up 18.1% on the previous year and up 235.7% over ten years.
Over the whole period, domestic credit to private sector in Venezuela peaked at 15,675.3% in 1960 and was at its lowest, 8.1%, in 1996.
That places Venezuela 122nd out of 187 countries with data for 2013, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector (% of GDP) (World Development) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 15,675.3% | — |
| 1961 | 14,809.1% | -5.5% |
| 1962 | 14.2% | -99.9% |
| 1963 | 13.9% | -2.4% |
| 1964 | 14.8% | +6.3% |
| 1965 | 15.6% | +5.7% |
| 1966 | 15.3% | -2.1% |
| 1967 | 15.8% | +3.5% |
| 1968 | 16.3% | +3.1% |
| 1969 | 17.1% | +5.0% |
| 1970 | 16.7% | -2.1% |
| 1971 | 16.8% | +0.4% |
| 1972 | 18.2% | +8.5% |
| 1973 | 19.4% | +6.4% |
| 1974 | 16.9% | -12.8% |
| 1975 | 24.3% | +43.7% |
| 1976 | 29.2% | +20.0% |
| 1977 | 30.0% | +2.9% |
| 1978 | 33.5% | +11.5% |
| 1979 | 28.5% | -14.9% |
| 1980 | 27.5% | -3.6% |
| 1981 | 26.7% | -2.8% |
| 1982 | 29.2% | +9.5% |
| 1983 | 30.7% | +4.9% |
| 1984 | 24.7% | -19.5% |
| 1985 | 24.9% | +0.8% |
| 1986 | 30.6% | +23.0% |
| 1987 | 28.9% | -5.6% |
| 1988 | 30.0% | +3.8% |
| 1989 | 20.2% | -32.7% |
| 1990 | 16.6% | -17.8% |
| 1991 | 18.4% | +11.0% |
| 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 | 12.4% | +18.0% |
| 2002 | 10.1% | -18.1% |
| 2003 | 8.9% | -12.1% |
| 2004 | 11.1% | +24.4% |
| 2005 | 13.2% | +19.2% |
| 2006 | 17.0% | +28.9% |
| 2007 | 23.5% | +37.8% |
| 2008 | 21.5% | -8.6% |
| 2009 | 23.6% | +10.0% |
| 2010 | 18.9% | -20.2% |
| 2011 | 20.5% | +8.6% |
| 2012 | 25.3% | +23.6% |
| 2013 | 29.9% | +18.1% |
Venezuela compared with similar countries
- Venezuela's 29.9% is above the median for lower middle income countries, which is 24.7%, 1.2× the median. (46 countries reporting)
- Venezuela's 29.9% is below the median for Latin America & Caribbean, which is 54.3%, 55% of the median. (33 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector (% of GDP) (World Development) in Venezuela changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | -99.9% | 14,809.1% | 14.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3,060.7% | 13.9% | 15,675.3% | 10 |
| 1970s | 23.3% | 16.7% | 33.5% | 10 |
| 1980s | 27.3% | 20.2% | 30.7% | 10 |
| 1990s | 13.1% | 8.1% | 18.6% | 10 |
| 2000s | 15.2% | 8.9% | 23.6% | 10 |
| 2010s | 23.6% | 18.9% | 29.9% | 4 |
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 in Venezuela?
- Domestic credit to private sector in Venezuela was 29.9% in 2013, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Venezuela?
- The highest recorded value was 15,675.3% in 1960.
- What is the lowest domestic credit to private sector recorded in Venezuela?
- The lowest recorded value was 8.1% in 1996.
- How does Venezuela rank for domestic credit to private sector?
- Venezuela ranks 122nd out of 187 countries with data for 2013.
- Is domestic credit to private sector rising or falling in Venezuela?
- Over the last ten years it is up 235.7%. The long-run trend across the full record is volatile.
- Where does this Venezuela data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.