Monetary Sector credit to private sector in Myanmar
Myanmar: Monetary Sector credit to private sector was 29.0% in 2020. ◆ Volatile
Monetary Sector credit to private sector in Myanmar, 1960–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
In 2020, monetary sector credit to private sector in Myanmar stood at 29.0%. That is the highest value across all 61 years on record.
Compared with earlier readings it is up 8.8% on the previous year and up 508.0% over ten years.
Over the whole period, monetary sector credit to private sector in Myanmar peaked at 29.0% in 2020 and was at its lowest, 1.9%, in 1967.
That places Myanmar 117th out of 186 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector in Myanmar, year by year
| Year | % GDP | Change |
|---|---|---|
| 1960 | 6.2% | — |
| 1961 | 7.0% | +12.9% |
| 1962 | 7.2% | +2.7% |
| 1963 | 4.6% | -36.1% |
| 1964 | 3.2% | -31.1% |
| 1965 | 1.9% | -39.8% |
| 1966 | 2.3% | +20.4% |
| 1967 | 1.9% | -17.4% |
| 1968 | 1.9% | +1.3% |
| 1969 | 2.2% | +14.2% |
| 1970 | 4.7% | +114.8% |
| 1971 | 4.7% | -0.6% |
| 1972 | 6.4% | +36.1% |
| 1973 | 6.6% | +3.5% |
| 1974 | 3.0% | -54.5% |
| 1975 | 3.4% | +12.3% |
| 1976 | 4.9% | +44.7% |
| 1977 | 5.9% | +20.8% |
| 1978 | 7.4% | +26.3% |
| 1979 | 5.7% | -23.5% |
| 1980 | 5.5% | -2.9% |
| 1981 | 5.9% | +7.3% |
| 1982 | 5.3% | -10.9% |
| 1983 | 5.3% | -0.0% |
| 1984 | 4.5% | -15.2% |
| 1985 | 4.9% | +10.4% |
| 1986 | 5.1% | +3.3% |
| 1987 | 4.4% | -14.4% |
| 1988 | 3.7% | -15.8% |
| 1989 | 2.6% | -28.8% |
| 1990 | 4.7% | +81.3% |
| 1991 | 6.8% | +42.5% |
| 1992 | 7.8% | +14.9% |
| 1993 | 6.5% | -16.8% |
| 1994 | 6.0% | -7.3% |
| 1995 | 7.6% | +26.5% |
| 1996 | 9.6% | +26.2% |
| 1997 | 10.3% | +7.9% |
| 1998 | 9.7% | -6.0% |
| 1999 | 8.1% | -16.5% |
| 2000 | 9.5% | +17.5% |
| 2001 | 11.0% | +15.6% |
| 2002 | 10.3% | -6.0% |
| 2003 | 4.1% | -60.4% |
| 2004 | 4.7% | +15.7% |
| 2005 | 4.7% | -1.8% |
| 2006 | 3.9% | -16.7% |
| 2007 | 3.4% | -11.7% |
| 2008 | 3.1% | -8.8% |
| 2009 | 3.5% | +11.2% |
| 2010 | 4.8% | +37.3% |
| 2011 | 6.7% | +41.5% |
| 2012 | 9.3% | +38.0% |
| 2013 | 12.8% | +37.9% |
| 2014 | 15.6% | +21.3% |
| 2015 | 18.1% | +16.4% |
| 2016 | 22.0% | +21.4% |
| 2017 | 24.5% | +11.3% |
| 2018 | 26.2% | +7.0% |
| 2019 | 26.6% | +1.6% |
| 2020 | 29.0% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.8% | 1.9% | 7.2% | 10 |
| 1970s | 5.3% | 3.0% | 7.4% | 10 |
| 1980s | 4.7% | 2.6% | 5.9% | 10 |
| 1990s | 7.7% | 4.7% | 10.3% | 10 |
| 2000s | 5.8% | 3.1% | 11.0% | 10 |
| 2010s | 16.7% | 4.8% | 26.6% | 10 |
| 2020s | 29.0% | 29.0% | 29.0% | 1 |
Countries ranked near Myanmar
More financial sector data for Myanmar
- Net domestic credit (current LCU), per capita 1.15 million current LCU per person (2020)
- Net domestic credit (current LCU), per unit of GDP 771.31 current LCU per US$ of GDP (2020)
- Net domestic credit (current LCU), annual growth rate 15.1 % change on previous year (2020)
- Total reserves in months of imports, per capita 0 units per person (2019)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2019)
- Total reserves in months of imports, annual growth rate 5.72 % change on previous year (2019)
- Domestic credit to private sector by banks 29.0% (2020)
- Total reserves in months of imports 3.29 (2019)
- Net domestic credit 60.94 trillion current LCU (2020)
- Net foreign assets 12.75 trillion current LCU (2020)
Frequently asked questions
- What is monetary sector credit to private sector in Myanmar?
- Monetary sector credit to private sector in Myanmar was 29.0% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Myanmar?
- The highest recorded value was 29.0% in 2020.
- What is the lowest monetary sector credit to private sector recorded in Myanmar?
- The lowest recorded value was 1.9% in 1967.
- How does Myanmar rank for monetary sector credit to private sector?
- Myanmar ranks 117th out of 186 countries with data for 2020.
- Is monetary sector credit to private sector rising or falling in Myanmar?
- Over the last ten years it is up 508.0%. The long-run trend across the full record is volatile.
- Where does this Myanmar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Monetary Sector credit to private sector (% 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. 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.