Total Credit to Non-Financial Corporations, Adjusted for Breaks, for Australia
Billions of Australian Dollars
CRDQAUANABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,656.24
Year-over-Year Change
17.98%
Date Range
10/1/1977 - 10/1/2024
Summary
The 'Billions of Australian Dollars' series tracks the total value of Australian currency in circulation. This metric provides insight into the money supply and economic activity in Australia.
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
This economic indicator represents the total value of all Australian dollar banknotes and coins in circulation. It is an important measure of the money supply and liquidity within the Australian economy, which can inform monetary policy decisions.
Methodology
The data is collected and reported by the Reserve Bank of Australia.
Historical Context
Policymakers and analysts monitor this trend to assess the growth of the Australian money supply and broader economic conditions.
Key Facts
- Australia's currency in circulation reached a record high of 105.4 billion AUD in 2021.
- The value of Australian dollars in circulation has grown by over 50% since 2010.
- The RBA closely monitors the currency in circulation as a gauge of economic activity.
FAQs
Q: What does this economic trend measure?
A: The 'Billions of Australian Dollars' series tracks the total value of Australian currency, including banknotes and coins, that is currently in circulation.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the money supply and liquidity within the Australian economy, which is a key consideration for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Australia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor the growth of currency in circulation as an indicator of economic activity and to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly by the Reserve Bank of Australia with minimal delay.
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Citation
U.S. Federal Reserve, Billions of Australian Dollars (CRDQAUANABIS), retrieved from FRED.