Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Australia
CRDQAUAHABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,052.78
Year-over-Year Change
17.77%
Date Range
10/1/1977 - 10/1/2024
Summary
This economic trend measures the total credit extended to Australian households and non-profit institutions serving households, adjusted for any data breaks. It is a key indicator of consumer and institutional borrowing activity and financial health in the Australian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Australia metric tracks the overall debt levels of consumers and non-profit organizations in the country. It is used by economists and policymakers to assess the financial position of the household sector and inform decisions around monetary and fiscal policies.
Methodology
The data is collected and calculated by the Reserve Bank of Australia based on reports from financial institutions.
Historical Context
This trend provides valuable insights into the credit market and consumer behavior that can inform economic and policy decisions.
Key Facts
- Australia's total household credit reached a record high in 2022.
- Mortgage debt accounts for the largest share of Australian household credit.
- The household credit-to-GDP ratio in Australia is among the highest in the developed world.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total credit extended to Australian households and non-profit institutions serving households, adjusted for any data breaks or changes in methodology.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the financial health and borrowing patterns of the Australian household sector, which is crucial for understanding consumer behavior and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Reserve Bank of Australia based on reports from financial institutions operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the overall credit conditions and financial stability of the household sector, which can inform decisions around monetary policy, financial regulations, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is released by the Reserve Bank of Australia on a regular basis, but there may be occasional delays or revisions due to changes in reporting or methodology.
Related Trends
Consumer Price Index: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Australia
AUSCP020000IXNBQ
Exchange Rate Adjusted Changes of Domestic Debt Securities for General Government Issuers, All Maturities, Residence of Issuer in Australia
DSAMRIAOGGERAU
Infra-Annual Labor Statistics: Working-Age Population Total: From 55 to 64 Years for Australia
LFWA55TTAUQ647S
Leading Indicators OECD: Component Series: Construction: Original Series for Australia
AUSLOCODWORMLSAM
Liquid Liabilities (Broad Money) for Australia
DDOI07AUA648NWDB
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Australia
AUSCP040000GPQ
Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Adjusted for Breaks, for Australia (CRDQAUAHABIS), retrieved from FRED.