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

Domestic credit to private sector by banks (% of GDP) in Argentina was 15.38 as of 2017. Its highest value over the past 57 years was 39.44 in 1989, while its lowest value was 8.92 in 1965.

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 10.80
1961 11.81
1962 10.23
1963 9.90
1964 9.40
1965 8.92
1966 9.73
1967 9.58
1968 12.15
1969 13.05
1970 14.21
1971 17.42
1972 16.55
1973 15.65
1974 17.95
1975 15.36
1976 11.83
1977 15.27
1978 17.20
1979 20.72
1980 21.73
1981 29.70
1982 31.32
1983 26.56
1984 24.05
1985 16.93
1986 16.52
1987 20.92
1988 20.03
1989 39.44
1990 15.53
1991 12.47
1992 15.25
1993 18.01
1994 19.95
1995 19.68
1996 19.88
1997 21.56
1998 23.59
1999 24.14
2000 23.17
2001 20.16
2002 15.12
2003 10.62
2004 9.50
2005 10.42
2006 11.53
2007 12.61
2008 11.82
2009 12.00
2010 12.30
2011 13.54
2012 14.69
2013 15.19
2014 13.47
2015 14.08
2016 13.23
2017 15.38

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