Argentina - Domestic credit provided by financial sector (% of GDP)

Domestic credit provided by financial sector (% of GDP) in Argentina was 38.87 as of 2017. Its highest value over the past 57 years was 80.06 in 1989, while its lowest value was 16.19 in 1965.

Definition: Domestic credit provided by the financial sector includes all credit to various sectors on a gross basis, with the exception of credit to the central government, which is net. The financial sector includes 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 21.67
1961 18.76
1962 17.27
1963 17.95
1964 17.44
1965 16.19
1966 17.68
1967 18.65
1968 21.15
1969 22.23
1970 24.95
1971 24.03
1972 19.43
1973 27.49
1974 30.37
1975 28.76
1976 20.34
1977 26.41
1978 29.37
1979 31.28
1980 32.96
1981 48.45
1982 46.00
1983 46.21
1984 41.75
1985 32.57
1986 32.87
1987 47.59
1988 42.67
1989 80.06
1990 32.42
1991 22.80
1992 22.48
1993 25.99
1994 26.58
1995 27.87
1996 28.22
1997 30.38
1998 32.50
1999 35.50
2000 34.45
2001 37.24
2002 62.42
2003 50.63
2004 41.89
2005 34.94
2006 28.17
2007 25.83
2008 21.96
2009 25.66
2010 25.33
2011 26.47
2012 30.60
2013 33.19
2014 34.43
2015 40.43
2016 37.93
2017 38.87

Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: In a few countries governments may hold international reserves as deposits in the banking system rather than in the central bank. Since claims on the central government are a net item (claims on the central government minus central government deposits), the figure may be negative, resulting in a negative figure for domestic credit provided by the banking sector.

Statistical Concept and Methodology: Domestic credit provided by the financial sector as a share of GDP measures banking sector depth and financial sector development in terms of size. The data on domestic credit provided by the financial sector are taken from the financial corporations survey (line 52) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository corporations survey (line 32). The financial sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial institutions 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 banking institutions are savings and mortgage loan institutions, finance companies, development banks, and building and loan associations.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets