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

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