Bank credit to bank deposits (%) in Canada
Canada: Bank credit to bank deposits (%) was 104.3% in 2008. ▲ Rising
Bank credit to bank deposits in Canada, 1960–2008
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank credit to bank deposits in Canada is 104.3%, measured in 2008.
Compared with earlier readings it is down 8.5% on the previous year and down 6.8% over ten years.
Over the whole period, bank credit to bank deposits in Canada peaked at 114.0% in 2007 and was at its lowest, 53.3%, in 1961.
That places Canada 31st out of 186 countries with data for 2008, putting it in the top quarter.
The long-run direction has been consistently rising across the 49 years of available data.
Bank credit to bank deposits (%) in Canada, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 55.9% | — |
| 1961 | 53.3% | -4.6% |
| 1962 | 57.9% | +8.6% |
| 1963 | 56.3% | -2.8% |
| 1964 | 58.3% | +3.5% |
| 1965 | 64.5% | +10.7% |
| 1966 | 70.9% | +9.9% |
| 1967 | 72.5% | +2.4% |
| 1968 | 72.0% | -0.7% |
| 1969 | 76.1% | +5.7% |
| 1970 | 74.0% | -2.8% |
| 1971 | 78.7% | +6.4% |
| 1972 | 83.9% | +6.6% |
| 1973 | 85.1% | +1.4% |
| 1974 | 86.8% | +2.1% |
| 1975 | 87.4% | +0.7% |
| 1976 | 88.4% | +1.2% |
| 1977 | 91.3% | +3.2% |
| 1978 | 95.3% | +4.3% |
| 1979 | 96.6% | +1.4% |
| 1980 | 98.1% | +1.5% |
| 1981 | 106.5% | +8.5% |
| 1982 | 103.2% | -3.0% |
| 1983 | 101.6% | -1.6% |
| 1984 | 103.0% | +1.4% |
| 1985 | 105.1% | +2.0% |
| 1986 | 102.0% | -3.0% |
| 1987 | 103.8% | +1.7% |
| 1988 | 104.1% | +0.3% |
| 1989 | 103.4% | -0.7% |
| 1990 | 103.5% | +0.1% |
| 1991 | 103.3% | -0.2% |
| 1992 | 101.5% | -1.8% |
| 1993 | 102.4% | +1.0% |
| 1994 | 102.8% | +0.4% |
| 1995 | 101.8% | -1.0% |
| 1996 | 107.4% | +5.5% |
| 1997 | 112.6% | +4.8% |
| 1998 | 111.9% | -0.6% |
| 1999 | 110.8% | -1.0% |
| 2000 | 108.5% | -2.1% |
| 2001 | 81.1% | -25.2% |
| 2002 | 80.1% | -1.3% |
| 2003 | 80.5% | +0.6% |
| 2004 | 82.8% | +2.8% |
| 2005 | 84.5% | +2.1% |
| 2006 | 87.0% | +2.9% |
| 2007 | 114.0% | +31.0% |
| 2008 | 104.3% | -8.5% |
Canada compared with similar countries
- Canada's 104.3% is above the median for high income countries, which is 81.6%, 1.3× the median. (61 countries reporting)
Biggest year-on-year movements
Years where Bank credit to bank deposits (%) in Canada changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +31.0% | 87.0% | 114.0% |
| 2001 | -25.2% | 108.5% | 81.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 63.8% | 53.3% | 76.1% | 10 |
| 1970s | 86.7% | 74.0% | 96.6% | 10 |
| 1980s | 103.1% | 98.1% | 106.5% | 10 |
| 1990s | 105.8% | 101.5% | 112.6% | 10 |
| 2000s | 91.4% | 80.1% | 114.0% | 9 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is bank credit to bank deposits in Canada?
- Bank credit to bank deposits in Canada was 104.3% in 2008, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Canada?
- The highest recorded value was 114.0% in 2007.
- What is the lowest bank credit to bank deposits recorded in Canada?
- The lowest recorded value was 53.3% in 1961.
- How does Canada rank for bank credit to bank deposits?
- Canada ranks 31st out of 186 countries with data for 2008.
- Is bank credit to bank deposits rising or falling in Canada?
- Over the last ten years it is down 6.8%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).