Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Australia
Australia: Outstanding Loans, Commercial Banks, of Which: Household Sector Loans was 2.34 trillion in 2024. ▲ Rising
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Australia, 2004–2024
Source: International Monetary Fund.
Analysis
The most recent figure for outstanding loans, commercial banks, of which: household sector loans in Australia is 2.34 trillion, measured in 2024. That is the highest value across all 21 years on record.
That represents a change of up 5.0% on the previous year and up 65.6% over ten years.
Over the whole period, outstanding loans, commercial banks, of which: household sector loans in Australia peaked at 2.34 trillion in 2024 and was at its lowest, 549.74 billion, in 2004.
That places Australia 29th out of 134 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Outstanding Loans, Commercial Banks, of Which: Household Sector Loans in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 549.74 billion | — |
| 2005 | 616.12 billion | +12.1% |
| 2006 | 685.53 billion | +11.3% |
| 2007 | 772.75 billion | +12.7% |
| 2008 | 880.06 billion | +13.9% |
| 2009 | 1.01 trillion | +14.4% |
| 2010 | 1.10 trillion | +9.3% |
| 2011 | 1.17 trillion | +6.1% |
| 2012 | 1.24 trillion | +6.0% |
| 2013 | 1.32 trillion | +6.6% |
| 2014 | 1.41 trillion | +7.3% |
| 2015 | 1.52 trillion | +7.7% |
| 2016 | 1.63 trillion | +6.8% |
| 2017 | 1.71 trillion | +5.0% |
| 2018 | 1.77 trillion | +3.7% |
| 2019 | 1.83 trillion | +3.3% |
| 2020 | 1.87 trillion | +2.3% |
| 2021 | 2.00 trillion | +7.1% |
| 2022 | 2.12 trillion | +5.7% |
| 2023 | 2.23 trillion | +5.2% |
| 2024 | 2.34 trillion | +5.0% |
Australia compared with similar countries
- Australia's 2.34 trillion is above the median for high income countries, which is 248.79 billion, 9.4× the median. (52 countries reporting)
- Australia's 2.34 trillion is above the median for East Asia & Pacific, which is 299.94 billion, 7.8× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 751.77 billion | 549.74 billion | 1.01 trillion | 6 |
| 2010s | 1.47 trillion | 1.10 trillion | 1.83 trillion | 10 |
| 2020s | 2.11 trillion | 1.87 trillion | 2.34 trillion | 5 |
Countries ranked near Australia
More financial sector data for Australia
- Net domestic credit (current LCU), per capita 215,929 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 3.32 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 3.66 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 84.28 million SDR (2025)
- Gold reserves at market value 7.68 billion SDR (2025)
- Reserves excluding gold, foreign exchange 32.83 billion SDR (2025)
- Reserves excluding gold 45.36 billion SDR (2025)
- Total reserves (gold at market value) 53.04 billion SDR (2025)
- Total reserves (gold at national valuation) 53.03 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,921 SDR per person (2025)
Frequently asked questions
- What is outstanding loans, commercial banks, of which: household sector loans in Australia?
- Outstanding loans, commercial banks, of which: household sector loans in Australia was 2.34 trillion in 2024, according to International Monetary Fund.
- What is the highest outstanding loans, commercial banks, of which: household sector loans recorded in Australia?
- The highest recorded value was 2.34 trillion in 2024.
- What is the lowest outstanding loans, commercial banks, of which: household sector loans recorded in Australia?
- The lowest recorded value was 549.74 billion in 2004.
- How does Australia rank for outstanding loans, commercial banks, of which: household sector loans?
- Australia ranks 29th out of 134 countries with data for 2024.
- Is outstanding loans, commercial banks, of which: household sector loans rising or falling in Australia?
- Over the last ten years it is up 65.6%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Outstanding Loans, Commercial Banks, of Which: Household Sector Loans. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.