Private credit by deposit money banks and other financial in Australia
Australia: Private credit by deposit money banks and other financial was 142.8% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Australia, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Australia stood at 142.8%.
The figure is down 7.1% on the previous year and up 10.6% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Australia peaked at 153.6% in 2020 and was at its lowest, 17.4%, in 1961.
Australia ranks 14th of 187 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Australia, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 17.9% | — |
| 1961 | 17.4% | -3.3% |
| 1962 | 17.8% | +2.4% |
| 1963 | 18.2% | +2.4% |
| 1964 | 19.0% | +4.5% |
| 1965 | 20.0% | +5.1% |
| 1966 | 21.0% | +4.9% |
| 1967 | 21.4% | +2.2% |
| 1968 | 22.2% | +3.8% |
| 1969 | 22.2% | -0.0% |
| 1970 | 21.3% | -4.3% |
| 1971 | 21.8% | +2.2% |
| 1972 | 23.1% | +6.0% |
| 1973 | 25.4% | +10.0% |
| 1974 | 25.3% | -0.3% |
| 1975 | 25.1% | -0.8% |
| 1976 | 25.5% | +1.8% |
| 1977 | 25.7% | +0.6% |
| 1978 | 26.3% | +2.4% |
| 1979 | 26.5% | +0.8% |
| 1980 | 25.9% | -2.5% |
| 1981 | 25.6% | -1.0% |
| 1982 | 25.7% | +0.3% |
| 1983 | 27.2% | +5.8% |
| 1984 | 28.8% | +5.7% |
| 1985 | 34.9% | +21.3% |
| 1986 | 38.7% | +11.0% |
| 1987 | 40.1% | +3.7% |
| 1988 | 43.9% | +9.4% |
| 1989 | 56.2% | +27.9% |
| 1990 | 59.3% | +5.6% |
| 1991 | 60.0% | +1.1% |
| 1992 | 60.6% | +1.1% |
| 1993 | 61.8% | +1.9% |
| 1994 | 64.6% | +4.5% |
| 1995 | 67.6% | +4.7% |
| 1996 | 69.7% | +3.1% |
| 1997 | 73.2% | +5.0% |
| 1998 | 77.1% | +5.4% |
| 1999 | 82.0% | +6.4% |
| 2000 | 84.5% | +3.0% |
| 2001 | 85.6% | +1.4% |
| 2002 | 88.2% | +3.0% |
| 2003 | 95.9% | +8.7% |
| 2004 | 99.1% | +3.4% |
| 2005 | 104.1% | +5.0% |
| 2006 | 109.3% | +5.0% |
| 2007 | 130.4% | +19.3% |
| 2008 | 132.6% | +1.7% |
| 2009 | 136.3% | +2.8% |
| 2010 | 131.9% | -3.2% |
| 2011 | 129.1% | -2.1% |
| 2012 | 130.3% | +1.0% |
| 2013 | 128.9% | -1.1% |
| 2014 | 133.8% | +3.8% |
| 2015 | 142.4% | +6.4% |
| 2016 | 145.7% | +2.3% |
| 2017 | 143.9% | -1.2% |
| 2018 | 143.3% | -0.4% |
| 2019 | 142.9% | -0.3% |
| 2020 | 153.6% | +7.5% |
| 2021 | 142.8% | -7.1% |
Australia compared with similar countries
- Australia's 142.8% is above the median for high income countries, which is 84.9%, 1.7× the median. (62 countries reporting)
- Australia's 142.8% is above the median for East Asia & Pacific, which is 114.2%, 1.3× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks and other financial in Australia 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 |
|---|---|---|---|
| 1989 | +27.9% | 43.9% | 56.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 19.7% | 17.4% | 22.2% | 10 |
| 1970s | 24.6% | 21.3% | 26.5% | 10 |
| 1980s | 34.7% | 25.6% | 56.2% | 10 |
| 1990s | 67.6% | 59.3% | 82.0% | 10 |
| 2000s | 106.6% | 84.5% | 136.3% | 10 |
| 2010s | 137.2% | 128.9% | 145.7% | 10 |
| 2020s | 148.2% | 142.8% | 153.6% | 2 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is private credit by deposit money banks and other financial in Australia?
- Private credit by deposit money banks and other financial in Australia was 142.8% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Australia?
- The highest recorded value was 153.6% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Australia?
- The lowest recorded value was 17.4% in 1961.
- How does Australia rank for private credit by deposit money banks and other financial?
- Australia ranks 14th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Australia?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)