Domestic credit to private sector by banks in Canada
Canada: Domestic credit to private sector by banks was 124.1% in 2008. ▲ Rising
Domestic credit to private sector by banks in Canada, 1960–2008
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2008, domestic credit to private sector by banks in Canada stood at 124.1%.
The figure is up 0.5% on the previous year and up 55.4% over ten years.
Over the whole period, domestic credit to private sector by banks in Canada peaked at 134.1% in 2006 and was at its lowest, 18.0%, in 1961.
Canada ranks 12th of 187 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 49 years of available data.
Domestic credit to private sector by banks in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 18.3% | — |
| 1961 | 18.0% | -1.7% |
| 1962 | 18.4% | +2.4% |
| 1963 | 18.7% | +1.8% |
| 1964 | 19.6% | +4.4% |
| 1965 | 21.7% | +11.1% |
| 1966 | 28.0% | +28.6% |
| 1967 | 30.6% | +9.4% |
| 1968 | 31.8% | +4.0% |
| 1969 | 33.1% | +4.1% |
| 1970 | 32.9% | -0.8% |
| 1971 | 35.2% | +7.0% |
| 1972 | 38.4% | +9.1% |
| 1973 | 40.3% | +5.0% |
| 1974 | 41.2% | +2.1% |
| 1975 | 42.6% | +3.5% |
| 1976 | 44.6% | +4.7% |
| 1977 | 47.9% | +7.5% |
| 1978 | 52.8% | +10.3% |
| 1979 | 55.6% | +5.2% |
| 1980 | 56.4% | +1.5% |
| 1981 | 69.9% | +24.0% |
| 1982 | 68.1% | -2.6% |
| 1983 | 63.0% | -7.4% |
| 1984 | 62.6% | -0.6% |
| 1985 | 63.2% | +1.0% |
| 1986 | 63.3% | +0.1% |
| 1987 | 64.1% | +1.2% |
| 1988 | 66.2% | +3.3% |
| 1989 | 69.8% | +5.4% |
| 1990 | 73.1% | +4.7% |
| 1991 | 75.0% | +2.6% |
| 1992 | 76.5% | +2.1% |
| 1993 | 75.5% | -1.3% |
| 1994 | 74.8% | -1.0% |
| 1995 | 74.0% | -1.1% |
| 1996 | 78.6% | +6.3% |
| 1997 | 81.5% | +3.7% |
| 1998 | 79.9% | -2.0% |
| 1999 | 77.2% | -3.3% |
| 2000 | 74.0% | -4.2% |
| 2001 | 121.4% | +64.0% |
| 2002 | 117.8% | -2.9% |
| 2003 | 113.2% | -3.9% |
| 2004 | 115.4% | +1.9% |
| 2005 | 121.7% | +5.4% |
| 2006 | 134.1% | +10.2% |
| 2007 | 123.5% | -7.9% |
| 2008 | 124.1% | +0.5% |
Canada compared with similar countries
- Canada's 124.1% is above the median for high income countries, which is 64.3%, 1.9× the median. (61 countries reporting)
Biggest year-on-year movements
Years where Domestic credit to private sector by banks 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 |
|---|---|---|---|
| 2001 | +64.0% | 74.0% | 121.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 23.8% | 18.0% | 33.1% | 10 |
| 1970s | 43.1% | 32.9% | 55.6% | 10 |
| 1980s | 64.7% | 56.4% | 69.9% | 10 |
| 1990s | 76.6% | 73.1% | 81.5% | 10 |
| 2000s | 116.1% | 74.0% | 134.1% | 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 domestic credit to private sector by banks in Canada?
- Domestic credit to private sector by banks in Canada was 124.1% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Canada?
- The highest recorded value was 134.1% in 2006.
- What is the lowest domestic credit to private sector by banks recorded in Canada?
- The lowest recorded value was 18.0% in 1961.
- How does Canada rank for domestic credit to private sector by banks?
- Canada ranks 12th out of 187 countries with data for 2008.
- Is domestic credit to private sector by banks rising or falling in Canada?
- Over the last ten years it is up 55.4%. 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 to private sector by banks (% of GDP). 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
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.