Domestic credit to private sector (% of GDP) (Domestic International) in Venezuela
Venezuela: Domestic credit to private sector (% of GDP) (Domestic International) was 27.5% in 2013. ▼ Falling
Domestic credit to private sector in Venezuela, 1960–2013
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Venezuela recorded 27.5% for domestic credit to private sector in 2013.
That represents a change of up 15.1% on the previous year and up 208.5% over ten years.
Over the whole period, domestic credit to private sector in Venezuela peaked at 33.5% in 1978 and was at its lowest, 8.1%, in 1996.
That places Venezuela 125th out of 187 countries with data for 2013, putting it in the middle of the range.
The long-run direction has been consistently falling across the 54 years of available data.
Domestic credit to private sector (% of GDP) (Domestic International) in Venezuela, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 15.7% | — |
| 1961 | 14.8% | -5.5% |
| 1962 | 14.2% | -3.9% |
| 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 | 23.9% | +16.6% |
| 2013 | 27.5% | +15.1% |
Venezuela compared with similar countries
- Venezuela's 27.5% is above the median for lower middle income countries, which is 24.7%, 1.1× the median. (46 countries reporting)
- Venezuela's 27.5% is below the median for Latin America & Caribbean, which is 45.8%, 60% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.3% | 13.9% | 17.1% | 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 | 22.7% | 18.9% | 27.5% | 4 |
Countries ranked near Venezuela
- 122 Belarus 29.2% compare
- 123 Myanmar 29.0% compare
- 124 Kazakhstan 27.7%
- 126 Egypt 25.8% compare
- 127 Djibouti 25.2% compare
- 128 Azerbaijan 24.9%
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 27.5% in 2013, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Venezuela?
- The highest recorded value was 33.5% in 1978.
- 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 125th 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 208.5%. The long-run trend across the full record is falling.
- 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 (% 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 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. 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.