Global Domestic Credit Stock Data 2016
Published On : 08 January, 2018
Stock of domestic credit compares the total quantity of credit, provided by banks to nonbanking institutions. Thus the stock of domestic credit is an important indicator as it reflects the economic activity in the country. It reflects the ease with which potential investors and the general business community can acquire a loan and credit in any form. It also reflects the quality and effectiveness of the economic and credit policies of the government.
China, Japan and the United states dominate the world rankings in stock of domestic credit. These nations are export oriented and have amassed large foreign exchanges. The large foreign exchanges earned are ploughed back by the governments of these regions in their regions which stimulates the economic activities. Thus over all the stock of domestic credit indicates the economic outlook of these countries in the eyes of their domestic public.