Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Australia
CRDQAUAHUBIS • 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 indicator measures the total credit to households and non-profit institutions serving households in Australia, providing insight into consumer borrowing and financial conditions.
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 trend tracks the aggregate amount of credit extended to Australian households and non-profit organizations. It is a key indicator of consumer financial health and credit market activity.
Methodology
The data is collected and reported by the Bank for International Settlements.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess consumer demand and the broader state of the Australian economy.
Key Facts
- Australia's total household credit reached a record high of AU$2.1 trillion in 2020.
- Credit to non-profit institutions serving households accounts for around 5% of the total.
- Household credit growth has slowed in recent years due to tighter lending standards.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total amount of credit extended to Australian households and non-profit institutions serving households, providing insight into consumer borrowing and financial conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is a key indicator of consumer demand, financial health, and credit market activity, making it relevant for policymakers, economists, and financial analysts assessing the state of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Bank for International Settlements.
Q: How is this trend used in economic policy?
A: Policymakers closely monitor this trend to assess consumer demand and financial conditions, which can inform decisions on monetary policy, financial regulation, and other economic interventions.
Q: Are there update delays or limitations?
A: The data is reported with a slight delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Total Credit to Households and Non-Profit Institutions Serving Households, Unadjusted for Breaks, for Australia (CRDQAUAHUBIS), retrieved from FRED.