Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia
CRDQAUAPABIS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,709.02
Year-over-Year Change
17.85%
Date Range
10/1/1953 - 10/1/2024
Summary
This economic trend measures the total credit extended to the private non-financial sector in Australia, adjusted for statistical breaks. It serves as an important indicator of credit conditions and economic activity.
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 Private Non-Financial Sector, Adjusted for Breaks, for Australia is a key macroeconomic indicator that tracks the overall level of credit in the Australian economy. It includes loans and debt securities held by households, non-financial businesses, and non-profit institutions serving households.
Methodology
The data is compiled by the Bank for International Settlements (BIS) using information from the Reserve Bank of Australia and other national sources.
Historical Context
This credit data is closely monitored by policymakers, analysts, and investors to gauge the strength of the Australian economy and credit markets.
Key Facts
- Australia's total private credit reached a record high in 2022.
- Credit growth has slowed in recent quarters amid monetary policy tightening.
- Household debt levels in Australia are among the highest in the developed world.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of loans and debt securities held by the private non-financial sector in Australia, adjusted for statistical breaks in the data series.
Q: Why is this trend relevant for users or analysts?
A: The level of private credit is a key determinant of economic activity and a barometer of financial conditions. Monitoring this trend provides insights into the strength of consumer and business borrowing in Australia.
Q: How is this data collected or calculated?
A: The data is compiled by the Bank for International Settlements using information from the Reserve Bank of Australia and other national sources.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely track private sector credit conditions to assess the broader state of the economy and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months. There may be revisions to historical figures due to statistical adjustments.
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Citation
U.S. Federal Reserve, Total Credit to Private Non-Financial Sector, Adjusted for Breaks, for Australia (CRDQAUAPABIS), retrieved from FRED.