Total Credit to Households and NPISHs, Adjusted for Breaks, for Australia
QAUHAM770A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.10
Year-over-Year Change
-4.76%
Date Range
10/1/1977 - 10/1/2024
Summary
This economic indicator measures the total credit extended to households and non-profit institutions serving households (NPISHs) in Australia, adjusted for any data breaks. It provides insights into household borrowing and access to credit, which are key factors influencing consumer spending and economic growth.
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 NPISHs, Adjusted for Breaks, for Australia measures the overall level of credit available to Australian households and non-profit organizations that serve them. It is a valuable indicator for analyzing trends in household finance, consumer behavior, and the broader macroeconomic environment.
Methodology
The data is collected and reported by the Reserve Bank of Australia, the country's central banking system.
Historical Context
This metric is widely used by policymakers, economists, and financial analysts to assess the health of the Australian household sector and inform decisions related to monetary policy and financial stability.
Key Facts
- Australia's total household credit stood at $2.1 trillion as of December 2022.
- Household credit growth has slowed to 5.9% year-over-year as of December 2022.
- Mortgage loans account for the largest share of household credit in Australia.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total amount of 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 insights into household borrowing and access to credit, which are key factors influencing consumer spending and overall economic growth in Australia.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Reserve Bank of Australia, the country's central banking system.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this metric to assess the health of the Australian household sector and inform decisions related to monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Reserve Bank of Australia, with minimal delays. However, adjustments for data breaks may impact the comparability of historical values.
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Citation
U.S. Federal Reserve, Total Credit to Households and NPISHs, Adjusted for Breaks, for Australia (QAUHAM770A), retrieved from FRED.