Domestic credit provided by financial sector in Canada
Canada: Domestic credit provided by financial sector was 212.8% in 2006. ▲ Rising
Domestic credit provided by financial sector in Canada, 1974–2006
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2006, domestic credit provided by financial sector in Canada stood at 212.8%. That is the highest value across all 33 years on record.
That represents a change of up 8.7% on the previous year and up 84.8% over ten years.
Over the whole period, domestic credit provided by financial sector in Canada peaked at 212.8% in 2006 and was at its lowest, 56.0%, in 1974.
That places Canada 3rd out of 65 countries with data for 2006, putting it in the top 10%.
The long-run direction has been consistently rising across the 33 years of available data.
Domestic credit provided by financial sector in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 56.0% | — |
| 1975 | 57.2% | +2.1% |
| 1976 | 58.8% | +2.8% |
| 1977 | 74.0% | +25.8% |
| 1978 | 78.5% | +6.2% |
| 1979 | 81.9% | +4.2% |
| 1980 | 81.8% | -0.1% |
| 1981 | 93.0% | +13.7% |
| 1982 | 90.8% | -2.4% |
| 1983 | 87.2% | -4.0% |
| 1984 | 86.7% | -0.6% |
| 1985 | 87.1% | +0.5% |
| 1986 | 89.1% | +2.4% |
| 1987 | 89.3% | +0.1% |
| 1988 | 91.7% | +2.7% |
| 1989 | 96.1% | +4.8% |
| 1990 | 100.2% | +4.3% |
| 1991 | 106.4% | +6.2% |
| 1992 | 110.8% | +4.1% |
| 1993 | 112.1% | +1.2% |
| 1994 | 111.6% | -0.4% |
| 1995 | 110.7% | -0.8% |
| 1996 | 115.2% | +4.1% |
| 1997 | 117.1% | +1.7% |
| 1998 | 115.5% | -1.3% |
| 1999 | 114.0% | -1.4% |
| 2000 | 110.7% | -2.9% |
| 2001 | 197.2% | +78.1% |
| 2002 | 191.6% | -2.8% |
| 2003 | 185.7% | -3.1% |
| 2004 | 187.9% | +1.2% |
| 2005 | 195.9% | +4.2% |
| 2006 | 212.8% | +8.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 67.7% | 56.0% | 81.9% | 6 |
| 1980s | 89.3% | 81.8% | 96.1% | 10 |
| 1990s | 111.3% | 100.2% | 117.1% | 10 |
| 2000s | 183.1% | 110.7% | 212.8% | 7 |
Countries ranked near Canada
- 1 Japan 338.1% compare
- 2 United States of America 262.3% compare
- 4 Thailand 196.5%
- 5 Fiji 170.1% compare
- 6 New Zealand 158.8%
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 domestic credit provided by financial sector in Canada?
- Domestic credit provided by financial sector in Canada was 212.8% in 2006, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit provided by financial sector recorded in Canada?
- The highest recorded value was 212.8% in 2006.
- What is the lowest domestic credit provided by financial sector recorded in Canada?
- The lowest recorded value was 56.0% in 1974.
- How does Canada rank for domestic credit provided by financial sector?
- Canada ranks 3rd out of 65 countries with data for 2006.
- Is domestic credit provided by financial sector rising or falling in Canada?
- Over the last ten years it is up 84.8%. The long-run trend across the full record is rising.
- Where does this Canada data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit provided by financial sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
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. 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.