Domestic credit to private sector in Canada
Canada: Domestic credit to private sector was 124.1% in 2008. ▲ Rising
Domestic credit to private sector in Canada, 1960–2008
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Canada recorded 124.1% for domestic credit to private sector in 2008.
That represents a change of up 0.5% on the previous year and up 55.4% over ten years.
Over the whole period, domestic credit to private sector in Canada peaked at 134.1% in 2006 and was at its lowest, 18.3%, in 1961.
Canada ranks 19th 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 in Canada, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 18.5% | — |
| 1961 | 18.3% | -1.4% |
| 1962 | 18.8% | +2.8% |
| 1963 | 19.2% | +1.9% |
| 1964 | 20.0% | +4.4% |
| 1965 | 22.2% | +10.9% |
| 1966 | 28.5% | +28.2% |
| 1967 | 31.1% | +9.4% |
| 1968 | 32.4% | +4.0% |
| 1969 | 33.7% | +4.1% |
| 1970 | 33.5% | -0.6% |
| 1971 | 35.8% | +6.9% |
| 1972 | 39.0% | +9.0% |
| 1973 | 41.0% | +5.0% |
| 1974 | 41.9% | +2.2% |
| 1975 | 43.3% | +3.3% |
| 1976 | 45.1% | +4.2% |
| 1977 | 48.4% | +7.1% |
| 1978 | 53.2% | +10.0% |
| 1979 | 55.9% | +5.0% |
| 1980 | 56.6% | +1.3% |
| 1981 | 70.1% | +23.8% |
| 1982 | 68.3% | -2.6% |
| 1983 | 63.3% | -7.4% |
| 1984 | 62.9% | -0.6% |
| 1985 | 63.5% | +1.0% |
| 1986 | 63.6% | +0.1% |
| 1987 | 64.4% | +1.2% |
| 1988 | 66.5% | +3.3% |
| 1989 | 70.1% | +5.4% |
| 1990 | 73.3% | +4.7% |
| 1991 | 75.3% | +2.6% |
| 1992 | 76.8% | +2.0% |
| 1993 | 75.8% | -1.3% |
| 1994 | 75.0% | -1.0% |
| 1995 | 74.2% | -1.1% |
| 1996 | 78.9% | +6.3% |
| 1997 | 81.5% | +3.3% |
| 1998 | 79.9% | -2.0% |
| 1999 | 77.3% | -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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.3% | 18.3% | 33.7% | 10 |
| 1970s | 43.7% | 33.5% | 55.9% | 10 |
| 1980s | 64.9% | 56.6% | 70.1% | 10 |
| 1990s | 76.8% | 73.3% | 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 in Canada?
- Domestic credit to private sector in Canada was 124.1% in 2008, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Canada?
- The highest recorded value was 134.1% in 2006.
- What is the lowest domestic credit to private sector recorded in Canada?
- The lowest recorded value was 18.3% in 1961.
- How does Canada rank for domestic credit to private sector?
- Canada ranks 19th out of 187 countries with data for 2008.
- Is domestic credit to private sector 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 World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% 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 refers to financial resources provided to the private sector, 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.