Oceania Private Credit (% GDP) Ranking (2024)
In 2023, private credit (% GDP) in Oceania was highest in New Zealand at 141.22%, followed by Australia at 129.67% and Fiji at 117.87%. The average private credit (% GDP) across countries in Oceania was 70.21%, the median was 54.23%, and Papua New Guinea recorded the lowest private credit (% GDP) at 16.51%, according to the World Bank.
Data is available for the period 1960 to 2024 across 9 countries in Oceania.
Frequency : Yearly
| Rank | Country | Current Value ↓ | Previous Value | Year |
|---|---|---|---|---|
| 1 | 141.22% | 146.12% | 2023 | |
| 2 | 129.67% | 127.43% | 2024 | |
| 3 | 117.87% | 114.32% | 2024 | |
| 4 | 77% | 82.58% | 2024 | |
| 5 | 54.23% | 53.05% | 2024 | |
| 6 | 41.67% | 41.43% | 2024 | |
| 7 | 30.3% | 31.54% | 2024 | |
| 8 | 23.43% | 24.17% | 2021 | |
| 9 | 16.51% | 15.04% | 2023 |
Oceania Private Credit (% GDP) Ranking (2024) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for the reporting year.