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

Domestic credit to private sector (% of GDP) in Uruguay was 27.85 as of 2020. Its highest value over the past 60 years was 72.38 in 1982, while its lowest value was 11.46 in 1969.

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 30.95
1961 29.32
1962 30.80
1963 31.27
1964 35.04
1965 32.93
1966 18.72
1967 17.55
1968 12.48
1969 11.46
1970 15.73
1971 17.73
1972 21.73
1973 12.17
1974 18.73
1975 20.17
1976 22.34
1977 25.73
1978 29.34
1979 33.95
1980 37.24
1981 40.42
1982 72.38
1983 57.96
1984 52.83
1985 55.29
1986 46.78
1987 37.05
1988 38.32
1989 36.33
1990 32.44
1991 25.51
1992 25.32
1993 24.86
1994 23.86
1995 26.44
1996 26.81
1997 25.91
1998 40.52
1999 43.60
2000 45.09
2001 53.85
2002 70.51
2003 43.19
2004 24.19
2005 22.47
2006 23.95
2007 23.41
2008 27.84
2009 20.52
2010 22.29
2011 23.06
2012 23.45
2013 25.99
2014 27.04
2015 30.11
2016 25.79
2017 24.21
2018 25.27
2019 25.72
2020 27.85

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