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

Domestic credit to private sector (% of GDP) in Argentina was 15.96 as of 2017. Its highest value over the past 57 years was 39.72 in 1989, while its lowest value was 9.68 in 2004.

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

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

See also:

Year Value
1960 13.61
1961 14.09
1962 12.01
1963 11.52
1964 10.63
1965 10.11
1966 11.06
1967 10.94
1968 13.87
1969 15.98
1970 17.54
1971 18.02
1972 17.63
1973 16.71
1974 19.17
1975 16.44
1976 13.56
1977 18.38
1978 20.56
1979 24.06
1980 25.40
1981 33.55
1982 33.91
1983 28.12
1984 25.00
1985 17.36
1986 16.91
1987 21.30
1988 20.34
1989 39.72
1990 15.60
1991 12.59
1992 15.45
1993 18.28
1994 20.28
1995 19.96
1996 20.19
1997 21.93
1998 24.15
1999 24.89
2000 23.89
2001 20.83
2002 15.33
2003 10.76
2004 9.68
2005 10.65
2006 11.91
2007 13.10
2008 12.31
2009 12.42
2010 12.69
2011 14.01
2012 15.21
2013 15.73
2014 13.82
2015 14.41
2016 13.67
2017 15.96

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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets