Australia | Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. Development relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure. Limitations and exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises. Statistical concept and methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Domestic credit to private sector by banks (% of GDP)
1960 18.69860952
1961 17.25048367
1962 18.52822127
1963 19.15973378
1964 19.90541622
1965 20.60233691
1966 21.99737511
1967 22.31889923
1968 23.52083262
1969 23.57249718
1970 22.26527571
1971 23.00009908
1972 24.22228208
1973 28.12244079
1974 27.6379179
1975 27.11557084
1976 27.70432404
1977 26.88107439
1978 27.81492128
1979 28.48178121
1980 27.64627225
1981 27.69142415
1982 26.87899828
1983 28.59597069
1984 30.24381569
1985 36.93946793
1986 40.26933265
1987 42.77552531
1988 46.7147505
1989 59.25490462
1990 60.55696265
1991 60.11619952
1992 61.8614585
1993 63.28126496
1994 66.76987383
1995 69.77374858
1996 71.49676898
1997 75.31873044
1998 79.11066689
1999 84.05447935
2000 87.53517869
2001 88.35907871
2002 91.21770335
2003 99.13471053
2004 102.61154576
2005 108.43307824
2006 113.60150973
2007 120.5118032
2008 121.71342029
2009 122.50745536
2010 125.19066974
2011 122.15987423
2012 121.17107485
2013 124.68996153
2014 128.41322892
2015 136.30630506
2016 142.57581336
2017 140.53132703
2018 139.83090189
2019 136.02451894
2020 142.01949041
2021 138.48009872
2022 133.85472605

Australia | Domestic credit to private sector by banks (% of GDP)

Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. Development relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure. Limitations and exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises. Statistical concept and methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source