Private Sector Credit Statistics in Australia (2026)
Australia recorded domestic credit to the private sector of 129.3% of GDP in 2024, World Bank World Development Indicators data show. Up from 127% of GDP in 2023 to 129.3% of GDP in 2024 (+2.4 percentage points). Australia ranks #8 of 25 economies in East Asia & Pacific on this measure, and #10 of 160 globally.
Key Statistics
- Latest value (2024)
- 129.3% of GDP (2024)
- Private Sector Credit in Australia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- +2.4 pp (2024)
- Up from 127% of GDP in 2023 to 129.3% of GDP in 2024 (+2.4 percentage points).
- Earliest value in this dataset (1990)
- 60.5% of GDP (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 60.5% of GDP in 1990 to 129.3% of GDP in 2024.
- Peak value (2016)
- 142.1% of GDP (2016)
- Highest value in the available series; the 2024 value is 129.3% of GDP.
- Rank in East Asia & Pacific
- #8 of 25 (2024)
- Australia ranks 8 of 25 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #10 of 160 (2024)
- Australia ranks 10 of 160 countries with data globally.
- East Asia & Pacific average
- 96.2% of GDP (2024)
- Australia (129.3% of GDP) is above the average of 96.2% of GDP across the 25 countries in East Asia & Pacific with data.
- Domestic credit to private sector by banks (% of GDP) (2024)
- 129.3% (2024)
- Related indicator from World Bank World Development Indicators.
- Outstanding loans from commercial banks, percent of GDP (2024)
- 126.1% (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Internet use in Australia (2024)
- 96.1% (2024)
- 96.1% of the population in Australia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 27.2 million (2024)
- Australia had a population of 27.2 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 129.3% | +2.4 pp |
| 2023 | 127% | −6.7 pp |
| 2022 | 133.6% | −4.7 pp |
| 2021 | 138.3% | −3.4 pp |
| 2020 | 141.7% | +6.0 pp |
| 2019 | 135.7% | −3.8 pp |
| 2018 | 139.5% | −0.6 pp |
| 2017 | 140.1% | −2.0 pp |
| 2016 | 142.1% | +6.3 pp |
| 2015 | 135.8% | +7.9 pp |
| 2014 | 127.9% | +3.7 pp |
| 2013 | 124.2% | +3.4 pp |
| 2012 | 120.8% | −1.0 pp |
| 2011 | 121.8% | −3.0 pp |
| 2010 | 124.8% | +2.7 pp |
| 2009 | 122.1% | +0.7 pp |
| 2008 | 121.4% | +1.2 pp |
| 2007 | 120.3% | +6.9 pp |
| 2006 | 113.4% | +5.1 pp |
| 2005 | 108.3% | +5.8 pp |
| 2004 | 102.4% | +3.5 pp |
| 2003 | 99% | +7.9 pp |
| 2002 | 91.1% | +2.9 pp |
| 2001 | 88.2% | +0.8 pp |
| 2000 | 87.4% | +3.5 pp |
| 1999 | 83.9% | +4.9 pp |
| 1998 | 79% | +3.8 pp |
| 1997 | 75.2% | +3.8 pp |
| 1996 | 71.4% | +1.7 pp |
| 1995 | 69.7% | +3.0 pp |
| 1994 | 66.7% | +3.5 pp |
| 1993 | 63.2% | +1.4 pp |
| 1992 | 61.8% | +1.7 pp |
| 1991 | 60% | −0.4 pp |
| 1990 | 60.5% | — |
Frequently asked questions
What is the latest figure for domestic credit to the private sector in Australia?
Domestic credit to the private sector in Australia stood at 129.3% of GDP in 2024, according to World Bank World Development Indicators data.
Where does Australia rank globally on private sector credit?
Australia ranks 10 of 160 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did private sector credit in Australia peak?
The highest value in the available series was 142.1% of GDP in 2016; the latest (2024) value is 129.3% of GDP.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FS.AST.PRVT.GD.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .