Uruguay - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Uruguay was 27.81 as of 2020. Its highest value over the past 60 years was 70.36 in 2002, while its lowest value was 6.09 in 1973.

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 20.13
1961 19.94
1962 20.57
1963 19.67
1964 21.45
1965 14.63
1966 10.19
1967 9.42
1968 7.10
1969 7.10
1970 9.31
1971 8.85
1972 11.03
1973 6.09
1974 8.27
1975 19.35
1976 21.76
1977 25.53
1978 29.28
1979 33.89
1980 37.20
1981 40.40
1982 69.86
1983 47.80
1984 41.64
1985 45.27
1986 40.33
1987 32.40
1988 35.42
1989 36.05
1990 31.10
1991 25.03
1992 25.16
1993 24.62
1994 23.71
1995 26.32
1996 26.74
1997 25.83
1998 40.36
1999 43.43
2000 44.92
2001 53.75
2002 70.36
2003 43.06
2004 24.09
2005 22.39
2006 23.87
2007 23.35
2008 27.79
2009 20.48
2010 22.25
2011 23.03
2012 23.43
2013 25.96
2014 27.00
2015 30.07
2016 25.76
2017 24.18
2018 25.23
2019 25.68
2020 27.81

Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets