Credit Growth by Country
Credit growth measures the year-over-year change in total credit extended to the private sector (households and non-financial firms) or to the broader economy depending on the series.
Why compare Credit Growth across countries?
Credit creation is the operational mechanism through which monetary policy reaches the real economy. Sustained credit contractions are tightening signals that historically precede recessions; sustained accelerations support growth and sometimes inflation. Both feed into the central-bank rate path and therefore into the currency.
How to read the country list
Compare credit growth to nominal GDP growth. Decompose between household credit (mortgages dominate) and business credit (working capital, capex). Growth above nominal GDP is expansionary.
Supported countries
Filter by country, currency, source, cadence, or unit.
| Country / Currency | Frequency | Unit | Source | History | Links |
|---|---|---|---|---|---|
|
Australia
AUD / Australian Dollar
|
Monthly | %YoY | RBA | History from 2010-01-31 (16.4 years) |