Claims on other sectors of the domestic economy (% of GDP)
Countries By Claims on other sectors of the domestic economy (% of GDP)
Key points
- Japan has the highest level of claims on other sectors of the domestic economy as a percentage of GDP, at 237.36%.
- Angola has the lowest level of claims on other sectors of the domestic economy as a percentage of GDP, at 14.15%.
- The average percentage of claims on other sectors of the domestic economy across all listed countries is 73.51%.
- Several countries such as New Zealand, Norway, and the United States have notably high levels of claims on other sectors of the domestic economy, indicating deep financial interlinkages within their economies.
- Countries with lower percentages like Uganda, Tajikistan, and Angola may reflect less developed financial systems or lower leveraging of credit within the domestic economy.
Official Definition of Claims on other sectors of the domestic economy (% of GDP)
Claims on other sectors of the domestic economy (IFS line 52S or 32S) include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds.
Importance
Claims on other sectors of the domestic economy (% of GDP) is a crucial macroeconomic statistic that can significantly impact a country's economic development. This statistic reflects the amount of gross credit extended by the financial system to various sectors within the country, including households, non-profit institutions, corporations, governments, and social security funds.
When this statistic is low, it may indicate limited access to credit for different sectors of the economy. This could hinder business investments, limit consumer spending, and constrain overall economic growth. Low levels of credit may also suggest financial institutions are cautious about lending, which can stifle innovation and entrepreneurship within the country.
Conversely, a high value of Claims on other sectors of the domestic economy (% of GDP) could signal robust economic activity. It may imply that businesses, households, and governments have access to sufficient credit to finance projects, investments, and expenditures. This can stimulate economic growth, create job opportunities, and foster innovation and development across various sectors.
Top 10 Countries by Claims on other sectors of the domestic economy (% of GDP)
Bottom 10 Countries by Claims on other sectors of the domestic economy (% of GDP)
Regions
Europe
Claims on other sectors of the domestic economy (% of GDP) vary significantly among the listed countries. Norway stands out with a remarkably high value of 182.81%, indicating a substantial amount of credit extended within the economy. On the other end of the spectrum, Moldova and Ukraine have much lower values at 29.26% and 29.89%, respectively, suggesting limited credit availability. Belarus, Russian Federation, and Bosnia and Herzegovina fall within moderate ranges. High levels of credit like in Norway can stimulate investment and growth but may also lead to overheating and financial risks. Countries with lower values may face challenges in funding development projects but could be less exposed to financial instability. Overall, this statistic reflects the financial health and development strategies of each country.
Far East: East Asia, SE Asia, Australia
The statistic "Claims on other sectors of the domestic economy (% of GDP)" reveals significant variations among the listed countries. Japan stands out with a high value of 237.36%, indicating heavy reliance on credit from the financial system. Thailand follows with 166.89%, suggesting a similar trend. The Philippines and Brunei show moderate reliance, while Indonesia and Papua New Guinea have lower values. These figures indicate diverse approaches to economic development; high reliance may spur growth but also increase vulnerability to financial shocks, while lower dependence can indicate cautious lending practices but may limit investment potential. Each country will need to carefully manage this balance to ensure sustainable economic development and resilience.
ASEAN
Claims on other sectors of the domestic economy (% of GDP) indicate the level of credit extended from the financial system to various sectors within a country. Thailand stands out with a significantly higher value of 166.89%, suggesting a large portion of its GDP reliant on credit. This might indicate robust economic activity or potential risks of debt overhang. Philippines follows with 73.89%, indicating moderate credit dependence. Indonesia and Brunei have lower values at 41.70% and 42.17% respectively, possibly implying more restrained credit access. While high values can spur growth, they also pose risks of financial instability if borrowers default. Lower values suggest limited domestic investment opportunities. Each country must carefully manage this statistic to balance growth with financial stability.
Latin America
Among the listed countries, Chile has the highest percentage of claims on other sectors of the domestic economy, indicating a robust financial system. This high level of credit may lead to increased investments in various sectors, fostering economic growth. On the other hand, Nicaragua and the Dominican Republic have relatively lower percentages, suggesting limited access to credit which may hinder their development potential. Countries like Costa Rica and Panama fall in between. While high levels of credit can stimulate growth, they also pose risks of financial instability if not managed properly, as seen in the case of El Salvador's relatively high percentage. Overall, this statistic reflects each country's financial health, access to credit, and potential for economic progress.
Middle East
The statistic "Claims on other sectors of the domestic economy (% of GDP)" provides insight into the level of credit extended by the financial system to various sectors within a country. Armenia, Georgia, and Turkey have relatively high values, indicating significant reliance on credit for economic activities. Azerbaijan exhibits a lower percentage, suggesting a more conservative approach to credit expansion. Morocco and the United Arab Emirates stand out with exceptionally high values, potentially indicating high debt levels and associated risks. These figures reflect varying approaches to leveraging credit for economic growth, with advantages in stimulating investment but disadvantages in potential debt burdens and financial stability risks, ultimately shaping the development trajectories of each country accordingly.
Rivals
Anglosphere v BRICS
Claims on other sectors of the domestic economy (% of GDP) indicate the extent of credit extended by the financial system to various entities within a country. The United States leads among the selected countries with 227.12%, reflecting substantial credit exposure. New Zealand follows with 165.34%, suggesting a high level of financial sector activity. South Africa stands at 118.32%, while the Russian Federation has 90.26%. The high percentages for the United States and New Zealand signify robust economic activity but also pose risks of overheating and economic imbalances. In contrast, Russia's and South Africa's lower figures may indicate limited access to credit, possibly hindering economic growth. This statistic's impact lies in determining the countries' financial stability, economic diversification, and potential for growth.
Russia v Ukraine
In analyzing the "Claims on other sectors of the domestic economy (% of GDP)" statistic for the Russian Federation and Ukraine, we observe stark differences. The Russian Federation shows a significantly higher percentage at 90.26% compared to Ukraine's 29.89%, indicating a greater reliance on credit from the financial system for various sectors. This high reliance can be advantageous for stimulating economic growth and investment but also poses risks of potential debt crises. Conversely, Ukraine's lower percentage suggests a more conservative approach, reducing vulnerability to financial shocks but potentially limiting economic expansion. This statistic's impact on both countries' development lies in balancing access to credit for growth while managing associated risks effectively.
FAQs
- Which country has the most Claims on other sectors of the domestic economy (% of GDP)?
- Which country has the least Claims on other sectors of the domestic economy (% of GDP)?
- What is the average Claims on other sectors of the domestic economy (% of GDP) among the listed countries?
- What does the statistic Claims on other sectors of the domestic economy (% of GDP) measure?
- How does the distribution of Claims on other sectors of the domestic economy impact a country's economic development?
Japan has the highest value of Claims on other sectors of the domestic economy, with a percentage of 237.36%.
Angola has the lowest value of Claims on other sectors of the domestic economy, with a percentage of 14.15%.
The average Claims on other sectors of the domestic economy (% of GDP) among the listed countries is approximately 73.51%.
The statistic measures the gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds as a percentage of the country's GDP.
The distribution of Claims on other sectors of the domestic economy reflects the level of credit and financial activity within different sectors of the economy, indicating the flow of funds for consumption, investment, and government expenditure. A higher percentage may suggest a higher level of economic activity and financial intermediation within the country.