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: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2008, domestic credit to private sector 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 in Canada peaked at 134.1% in 2006 and was at its lowest, 18.2%, in 1961.
Canada ranks 16th 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 | 18.2% | -1.4% |
| 1962 | 18.8% | +2.8% |
| 1963 | 19.1% | +1.9% |
| 1964 | 20.0% | +4.4% |
| 1965 | 22.2% | +10.9% |
| 1966 | 28.4% | +28.1% |
| 1967 | 31.0% | +9.4% |
| 1968 | 32.3% | +4.0% |
| 1969 | 33.6% | +4.1% |
| 1970 | 33.4% | -0.6% |
| 1971 | 35.7% | +6.9% |
| 1972 | 38.9% | +9.0% |
| 1973 | 40.8% | +5.0% |
| 1974 | 41.8% | +2.2% |
| 1975 | 43.2% | +3.3% |
| 1976 | 45.0% | +4.2% |
| 1977 | 48.2% | +7.1% |
| 1978 | 53.0% | +10.0% |
| 1979 | 55.7% | +5.0% |
| 1980 | 56.4% | +1.3% |
| 1981 | 69.9% | +23.8% |
| 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% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 24.2% | 18.2% | 33.6% | 10 |
| 1970s | 43.6% | 33.4% | 55.7% | 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 in Canada?
- Domestic credit to private sector 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 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 18.2% in 1961.
- How does Canada rank for domestic credit to private sector?
- Canada ranks 16th 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 International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include 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.