Australia vs Upper middle income: Domestic credit to private sector by banks
Domestic credit to private sector by banks over time
- Australia
- Upper middle income
How they compare
Upper middle income currently reports 136.8% against 133.8% in Australia, a difference of 3.0%.
The two have swapped places 9 times across 60 shared years of data; in 1965 it was Australia ahead.
Australia ranks 6th and Upper middle income ranks 5th of 187 countries.
Across the 7 decades both report, Australia averaged higher in 5 and Upper middle income in 2.
Head to head by decade
| Decade | Australia | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 22.4% | 18.2% | 4.2% | Australia |
| 1970s | 26.3% | 26.8% | 0.5% | Upper middle income |
| 1980s | 36.7% | 36.5% | 0.2% | Australia |
| 1990s | 69.1% | 49.9% | 19.3% | Australia |
| 2000s | 105.4% | 59.4% | 45.9% | Australia |
| 2010s | 131.3% | 96.7% | 34.5% | Australia |
| 2020s | 134.0% | 134.2% | 0.2% | Upper middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector by banks, Australia or Upper middle income?
- Upper middle income, at 136.8% against 133.8% in Australia as of 2024.
- What is the difference in domestic credit to private sector by banks between Australia and Upper middle income?
- 3.0%, with Upper middle income ahead.
- How many years of comparable data are there for Australia and Upper middle income?
- 60 years are reported by both, from 1965 to 2024.
- How do Australia and Upper middle income rank globally for domestic credit to private sector by banks?
- Australia ranks 6th and Upper middle income ranks 5th of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector by banks (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.