Private credit by deposit money banks to GDP in Australia
Australia: Private credit by deposit money banks to GDP was 133.0% in 2021. ◆ Volatile
Private credit by deposit money banks to GDP in Australia, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks to gdp in Australia is 133.0%, measured in 2021.
The figure is down 7.1% on the previous year and up 9.4% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Australia peaked at 143.1% in 2020 and was at its lowest, 17.4%, in 1961.
Australia ranks 12th 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 to GDP 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 | 117.7% | +7.7% |
| 2008 | 121.2% | +3.0% |
| 2009 | 127.2% | +4.9% |
| 2010 | 123.4% | -3.0% |
| 2011 | 121.5% | -1.5% |
| 2012 | 123.3% | +1.5% |
| 2013 | 122.2% | -0.9% |
| 2014 | 127.3% | +4.2% |
| 2015 | 136.1% | +6.9% |
| 2016 | 139.1% | +2.2% |
| 2017 | 137.2% | -1.4% |
| 2018 | 136.1% | -0.8% |
| 2019 | 133.0% | -2.3% |
| 2020 | 143.1% | +7.7% |
| 2021 | 133.0% | -7.1% |
Australia compared with similar countries
- Australia's 133.0% is above the median for high income countries, which is 79.1%, 1.7× the median. (62 countries reporting)
- Australia's 133.0% is above the median for East Asia & Pacific, which is 71.8%, 1.9× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Private credit by deposit money banks to GDP 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 | 103.3% | 84.5% | 127.2% | 10 |
| 2010s | 129.9% | 121.5% | 139.1% | 10 |
| 2020s | 138.1% | 133.0% | 143.1% | 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 to gdp in Australia?
- Private credit by deposit money banks to gdp in Australia was 133.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Australia?
- The highest recorded value was 143.1% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Australia?
- The lowest recorded value was 17.4% in 1961.
- How does Australia rank for private credit by deposit money banks to gdp?
- Australia ranks 12th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Australia?
- Over the last ten years it is up 9.4%. 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 to GDP (%). Statizoid updates them automatically from the source API.
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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 (IFS line 22d); 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).