Australia - Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks (% of GDP) in Australia was 142.29 as of 2020. Its highest value over the past 60 years was 142.68 in 2016, while its lowest value was 17.25 in 1961.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1960 18.70
1961 17.25
1962 18.53
1963 19.16
1964 19.90
1965 20.60
1966 21.99
1967 22.32
1968 23.52
1969 23.57
1970 22.26
1971 23.00
1972 24.22
1973 28.12
1974 27.63
1975 27.11
1976 27.69
1977 26.87
1978 27.81
1979 28.47
1980 27.64
1981 27.68
1982 26.87
1983 28.59
1984 30.23
1985 36.95
1986 40.29
1987 42.80
1988 46.73
1989 59.28
1990 60.58
1991 60.13
1992 61.87
1993 63.28
1994 66.77
1995 69.82
1996 71.54
1997 75.37
1998 79.16
1999 84.17
2000 87.66
2001 88.49
2002 91.32
2003 99.21
2004 102.69
2005 108.53
2006 113.73
2007 120.66
2008 121.82
2009 122.60
2010 125.34
2011 122.22
2012 121.26
2013 124.77
2014 128.51
2015 136.43
2016 142.68
2017 140.54
2018 139.95
2019 136.29
2020 142.29

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).

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Assets