The amount of consumer loans of Uruguayan families grew by 10% year-on-year in dollars as of November 2023, and this type of loans occupy almost 40% of the current total, above sectors such as agriculture or services.
As of November 2023, the consumer credits of the resident private non-financial sector, without taking into account loans for homes and automobiles, measured in millions of dollars, amounted to an amount of 5,161 million dollars, 10% than in November 2022.
In turn, measured in constant weights, the consumer credits of families rose 4.08% year-on-year in that month, reaching a total of 73,875 million pesos. The differences are explained by the variations in the exchange rate over the past year.
In that period, 79% of consumer credits granted to families was granted by banks (private and public), as well as financial intermediation cooperatives and financial houses, while the remaining 21% was from credit administrators.
Uruguayan families participate in 40% of current loans
Uruguayan families participate in 39.9% of the current credits, followed by the agricultural sector with 16.2%; that of services, with 14.5%; that of commerce with 12.7%; the manufacturing industry, 11.7%; construction 4.4%; and other types of loans represented 0.6%.
The current credits in the agricultural sector they total 3,355 million dollars; in services about 2,997 million dollars; in commerce about 2,633 million dollars; in the manufacturing industry of 2,633 million dollars; and in the construction sector of 900 million dollars. In this last sector they experienced a year-on-year jump of 48.6%.
Source: Ambito
