Uruguay | Domestic credit to private sector by banks (% of GDP)
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. 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).
Publisher
The World Bank
Origin
Eastern Republic of Uruguay
Records
63
Source
Uruguay | Domestic credit to private sector by banks (% of GDP)
20.13103448 1960
19.9375 1961
20.57216495 1962
19.67381974 1963
21.45074627 1964
14.62659381 1965
10.19487179 1966
9.42039356 1967
7.10473613 1968
7.09917522 1969
9.30584906 1970
8.84659581 1971
11.0342454 1972
6.08534432 1973
8.27241564 1974
19.3527999 1975
21.75743964 1976
25.52891027 1977
29.27701759 1978
33.88969328 1979
37.20120602 1980
40.3990004 1981
69.85632688 1982
47.80466946 1983
41.64355062 1984
45.27463482 1985
40.32561101 1986
32.40352879 1987
35.42342265 1988
36.04510109 1989
31.10200484 1990
25.0346789 1991
25.1614681 1992
24.61831669 1993
23.70804726 1994
26.31539006 1995
26.73744783 1996
25.8337455 1997
40.3581471 1998
43.42729524 1999
44.91885965 2000
53.75090898 2001
70.3585878 2002
43.0641993 2003
24.09198981 2004
22.38960349 2005
23.67699564 2006
22.97243559 2007
27.11479569 2008
19.82549096 2009
21.36974109 2010
21.94419163 2011
22.14459628 2012
24.35026456 2013
25.13265466 2014
27.77690896 2015
25.6477827 2016
23.89396602 2017
24.96566762 2018
25.34422244 2019
27.79132205 2020
26.38726578 2021
26.39274195 2022
Uruguay | Domestic credit to private sector by banks (% of GDP)
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. 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).
Publisher
The World Bank
Origin
Eastern Republic of Uruguay
Records
63
Source