Bank loans as a share of GDP reached 177 % in 2016 in Australia, according to the National Central Bank. This is 0.414 % more than in the previous year.
Historically, bank loans as a share of GDP in Australia reached an all time high of 177 % in 2016 and an all time low of 49.7 % in 1990. When compared to Australia's main peers, bank loans as a share of GDP in Indonesia amounted to 35.1 %, 123 % in Malaysia and 28.9 % in Papua New Guinea in 2016.
Australia has been ranked 8th within the group of 118 countries we follow in terms of bank loans as a share of GDP, 6 places above the position seen 10 years ago.
A bank loan is a type of debt.