Canada Domestic Credit Growth
1970 - 2023 | Monthly | % | CEIC Data
Key information about Canada Domestic Credit Growth
- Canada Domestic Credit increased 5.8 % YoY in Jan 2023, compared with an increase of 5.8 % YoY in the previous month
- Canada Domestic Credit Growth YoY data is updated monthly
- It averaged 7.6 %, available from Jan 1970 to Jan 2023
- The data reached an all-time high of 19.6 % in Aug 1981 and a record low of 1.3 % in Jun 2003
CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Domestic Credit is calculated as the sum of Private Non-Financial Corporations and Household sectors. Statistics Canada provides Domestic Credit in local currency. Domestic Credit Growth prior to January 1991 is sourced from the Bank of Canada.
Further information about Canada Domestic Credit Growth
- In the latest reports, Canada Domestic Credit reached 4,567.3 USD bn in Jan 2023
- Money Supply M2 in Canada increased to 1,815.0 USD bn YoY in Jan 2023
- Canada Foreign Exchange Reserves was measured at 81.8 USD bn in Mar 2023
- The Foreign Exchange Reserves equaled 1.9 Months of Import in Feb 2023
- The country's Non Performing Loans Ratio stood at 0.3 % in Sep 2022, compared with the ratio of 0.3 % in the previous quarter
- Household Debt of Canada reached 101.4 % in Dec 2022, accounting for 101.4 % of the country's Nominal GDP
View Canada's Domestic Credit Growth from Jan 1970 to Jan 2023 in the chart:
What was Canada's Domestic Credit Growth in Jan 2023?
Canada Domestic Credit increased 5.8 % YoY in Jan 2023, compared with an increase of 5.8 % YoY in the previous month See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5.8 Jan 2023 | 5.8 Dec 2022 | 1.3 Jun 2003 | 19.6 Aug 1981 | % | monthly | Jan 1970 - Jan 2023 |
Domestic Credit Growth by Country Comparison
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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 9.2 Mar 2023 | monthly | Dec 2003 - Mar 2023 |
| Algeria (%) | -1.2 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Argentina (%) | 24.1 Jul 2018 | monthly | Jan 1991 - Jul 2018 |
| Armenia (%) | 7.1 Mar 2023 | monthly | Dec 1994 - Mar 2023 |
| Australia (%) | 9.0 Jan 2023 | monthly | Dec 2002 - Jan 2023 |
| Austria (%) | 7.2 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Azerbaijan (%) | 23.1 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Bahrain (%) | 10.5 Jan 2023 | monthly | Sep 1992 - Jan 2023 |
| Bangladesh (%) | 16.2 Mar 2023 | monthly | Jul 1988 - Mar 2023 |
| Belarus (%) | 5.0 Apr 2023 | monthly | Dec 2007 - Apr 2023 |
| Belgium (%) | 8.9 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Bolivia (%) | 8.3 Dec 2022 | monthly | Dec 2002 - Dec 2022 |
| Bosnia and Herzegovina (%) | 8.2 Feb 2023 | monthly | Aug 1998 - Feb 2023 |
| Botswana (%) | -0.6 Dec 2022 | quarterly | Dec 2005 - Dec 2022 |
| Brazil (%) | 12.2 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Brunei (%) | -18.5 Nov 2022 | monthly | Jan 2000 - Nov 2022 |
| Bulgaria (%) | 4.4 Feb 2023 | monthly | Dec 1994 - Feb 2023 |
| Cambodia (%) | 19.4 Dec 2022 | monthly | Dec 1995 - Dec 2022 |
| Canada (%) | 5.8 Jan 2023 | monthly | Jan 1970 - Jan 2023 |
| Chile (%) | 10.3 Feb 2023 | monthly | Dec 1979 - Feb 2023 |
| China (%) | 11.0 Apr 2023 | monthly | Jun 2000 - Apr 2023 |
| Colombia (%) | 16.9 Dec 2022 | monthly | Jan 1994 - Dec 2022 |
| Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
| Cyprus (%) | -9.3 Mar 2023 | monthly | Nov 2006 - Mar 2023 |
| Czech Republic (%) | 7.9 Feb 2023 | monthly | Jan 2003 - Feb 2023 |
| Denmark (%) | 18.0 Sep 2022 | monthly | Dec 2002 - Sep 2022 |
| Ecuador (%) | 9.4 Feb 2023 | monthly | Jan 2007 - Feb 2023 |
| Egypt (%) | 37.5 Feb 2023 | monthly | Jan 1997 - Feb 2023 |
| Estonia (%) | 13.8 Oct 2022 | monthly | Jun 1993 - Oct 2022 |
| European Union (%) | 6.3 Jan 2023 | monthly | Sep 1998 - Jan 2023 |
| Finland (%) | 7.4 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| France (%) | 5.9 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Georgia (%) | 2.3 Feb 2023 | monthly | Oct 1996 - Feb 2023 |
| Germany (%) | 10.4 Mar 2023 | monthly | Jan 2000 - Mar 2023 |
| Ghana (%) | 33.8 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Greece (%) | 0.4 Oct 2022 | monthly | Jan 2002 - Oct 2022 |
| Hong Kong SAR, China (%) | 9.3 Sep 2018 | monthly | Dec 1991 - Sep 2018 |
| Hungary (%) | 10.1 Feb 2023 | monthly | Jan 1999 - Feb 2023 |
| Iceland (%) | 8.9 Mar 2023 | monthly | Sep 1994 - Mar 2023 |
| India (%) | 11.8 Mar 2023 | monthly | Mar 2000 - Mar 2023 |
| Indonesia (%) | 4.1 Mar 2023 | monthly | Jan 2005 - Mar 2023 |
| Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
| Ireland (%) | 16.4 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Israel (%) | 3.3 Jan 2023 | monthly | Dec 2000 - Jan 2023 |
| Italy (%) | 1.4 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Ivory Coast (%) | 11.1 Jan 2023 | monthly | Jan 1965 - Jan 2023 |
| Japan (%) | 2.7 Jan 2023 | monthly | Apr 2004 - Jan 2023 |
| Jordan (%) | 8.3 Feb 2023 | monthly | Jan 2003 - Feb 2023 |
| Kazakhstan (%) | 9.6 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Kenya (%) | 12.7 Feb 2023 | monthly | Dec 1996 - Feb 2023 |
| South Korea (%) | 6.3 Jan 2023 | monthly | Dec 2002 - Jan 2023 |
| Kosovo (%) | 15.2 Feb 2023 | monthly | Nov 2008 - Feb 2023 |
| Kuwait (%) | 2.7 Mar 2023 | monthly | Jan 1995 - Mar 2023 |
| Kyrgyzstan (%) | 8.3 Feb 2023 | monthly | Dec 2003 - Feb 2023 |
| Laos (%) | 49.3 Sep 2022 | quarterly | Dec 1992 - Sep 2022 |
| Latvia (%) | 6.7 Oct 2022 | monthly | Jul 2004 - Oct 2022 |
| Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
| Lithuania (%) | 20.5 Oct 2022 | monthly | Dec 1994 - Oct 2022 |
| Luxembourg (%) | 19.5 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Macau SAR, China (%) | 15.5 Feb 2023 | monthly | Jun 1985 - Feb 2023 |
| North Macedonia (%) | 7.3 Feb 2023 | monthly | Jan 2004 - Feb 2023 |
| Malawi (%) | 30.9 Jan 2023 | monthly | Jan 1976 - Jan 2023 |
| Malaysia (%) | 5.2 Feb 2023 | monthly | Jan 1988 - Feb 2023 |
| Malta (%) | 6.4 Feb 2023 | monthly | Jan 2009 - Feb 2023 |
| Mauritius (%) | 12.6 Feb 2023 | monthly | Jun 2006 - Feb 2023 |
| Mexico (%) | 11.2 Jan 2023 | monthly | Dec 2002 - Jan 2023 |
| Moldova (%) | 10.0 Feb 2023 | monthly | Jan 2001 - Feb 2023 |
| Mongolia (%) | -0.8 Feb 2023 | monthly | Dec 1993 - Feb 2023 |
| Montenegro (%) | 19.7 Feb 2023 | monthly | Jan 2006 - Feb 2023 |
| Morocco (%) | 5.7 Mar 2023 | monthly | Dec 2002 - Mar 2023 |
| Mozambique (%) | 13.2 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
| Nepal (%) | 8.3 Mar 2023 | monthly | Jan 2002 - Mar 2023 |
| Netherlands (%) | 12.3 Oct 2022 | monthly | Dec 2002 - Oct 2022 |
| New Zealand (%) | 2.9 Feb 2023 | monthly | Mar 1989 - Feb 2023 |
| Nigeria (%) | 37.6 Jan 2023 | monthly | Nov 1993 - Jan 2023 |
| Norway (%) | 5.6 Mar 2023 | monthly | Dec 1986 - Mar 2023 |
| Oman (%) | 2.8 Jan 2023 | monthly | Dec 2000 - Jan 2023 |
| Pakistan (%) | 25.0 Mar 2023 | monthly | Jun 2009 - Mar 2023 |
| Palestinian Territory (%) | 2.7 Feb 2023 | monthly | Dec 1999 - Feb 2023 |
| Panama (%) | 5.6 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Paraguay (%) | 13.7 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Peru (%) | 11.3 Jan 2023 | monthly | Jan 1993 - Jan 2023 |
| Philippines (%) | 11.6 Feb 2023 | monthly | Dec 2002 - Feb 2023 |
| Poland (%) | -0.6 Feb 2023 | monthly | Dec 1997 - Feb 2023 |
| Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
| Qatar (%) | 3.9 Mar 2023 | monthly | Jan 2008 - Mar 2023 |
| Romania (%) | 8.6 Feb 2023 | monthly | Dec 2005 - Feb 2023 |
| Russia (%) | 23.3 Feb 2023 | monthly | Dec 2001 - Feb 2023 |
| Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
| Serbia (%) | -3.6 Feb 2023 | monthly | Dec 2004 - Feb 2023 |
| Singapore (%) | 26.4 Feb 2023 | monthly | Mar 2005 - Feb 2023 |
| Slovakia (%) | 17.4 Oct 2022 | monthly | Jan 2007 - Oct 2022 |
| Slovenia (%) | -0.0 Oct 2022 | monthly | Jan 2005 - Oct 2022 |
| South Africa (%) | 9.1 Mar 2023 | monthly | Mar 1966 - Mar 2023 |
| Spain (%) | 2.7 Oct 2022 | monthly | Jan 2000 - Oct 2022 |
| Sri Lanka (%) | 16.9 Jan 2023 | monthly | Jan 1997 - Jan 2023 |
| Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
| Sweden (%) | 28.7 Sep 2022 | monthly | Dec 2002 - Sep 2022 |
| Switzerland (%) | 2.4 Feb 2023 | monthly | Dec 1988 - Feb 2023 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.1 Dec 2022 | quarterly | Jun 1993 - Dec 2022 |
| Consolidated Fiscal Balance (USD mn) | 7,085.625 Feb 2023 | monthly | May 1992 - Feb 2023 |
| Tax Revenue (USD mn) | 28,163.371 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| Tax Revenue: % of GDP (%) | 12.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| National Government Debt (USD mn) | 1,473,046.8 2022 | yearly | 1962 - 2022 |
| Government Debt: % of GDP (%) | 71.3 2022 | yearly | 1962 - 2022 |
| Forecast: Government Expenditure (CAD bn) | 1,403.695 2028 | yearly | 1980 - 2028 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,404.401 2028 | yearly | 1980 - 2028 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 4,658.000 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| Budgetary Revenue (CAD mn) | 38,815.000 Jan 2023 | monthly | May 1992 - Jan 2023 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | -1,983.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Expense (CAD mn) | -37,309.000 Dec 2022 | monthly | May 1992 - Dec 2022 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 31,136.000 Dec 2022 | monthly | Jan 1996 - Dec 2022 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 542,400.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Expense (CAD mn) | 535,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Balance (CAD mn) | 4,500.000 2028 | yearly | 1996 - 2028 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 71,400.000 2027 | yearly | 2000 - 2027 |
| Net Financing Activities (CAD mn) | -11,689.000 Feb 2023 | monthly | Jan 1996 - Feb 2023 |
| FIN Forecast: Federal Debt (CAD mn) | 1,246,700.000 2028 | yearly | 1997 - 2028 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.689 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 710.4 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Exports (USD mn) | 49,935.6 Jan 2023 | monthly | Jan 1988 - Jan 2023 |
| Total Exports Growth (%) | 6.4 Feb 2023 | monthly | Jan 1989 - Feb 2023 |
| Aluminum: Exports (USD th) | 9,881,908.000 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 8,651,176.943 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 951,763.844 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 45,743.3 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Imports Growth (%) | 0.0 Mar 2023 | monthly | Jan 1989 - Mar 2023 |
| Imports: Medicament (USD th) | 9,962,257.486 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 9,570,531.231 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 34,901.411 Mar 2023 | monthly | Jan 1988 - Mar 2023 |
| Total Imports from USA (USD mn) | 29,320.909 Mar 2023 | monthly | Jan 1997 - Mar 2023 |
| Total Exports to China (USD mn) | 2,116.568 Mar 2023 | monthly | Jan 1997 - Mar 2023 |
| Total Imports from China (USD mn) | 3,963.431 Feb 2023 | monthly | Jan 1997 - Feb 2023 |
| CA: Import Unit Value Index (2010=100) | 104.348 2011 | yearly | 1948 - 2011 |
| CA: Export Unit Value Index (2010=100) | 106.461 2011 | yearly | 1948 - 2011 |
| Coal Exports (kton) | 1,714.000 Dec 2022 | monthly | Jan 1977 - Dec 2022 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,124.200 Jan 2023 | monthly | Jan 2022 - Jan 2023 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 38,703.231 Feb 2023 | monthly | Jan 2022 - Feb 2023 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 954,559.686 Feb 2023 | monthly | Jan 1988 - Feb 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.3 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Household Debt: % of GDP (%) | 101.4 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply M1 (USD mn) | 1,119,347.826 Feb 2023 | monthly | Mar 1975 - Feb 2023 |
| Money Supply M2 (USD mn) | 1,768,550.842 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| M2 Growth (%) | 3.1 Mar 2023 | monthly | Jan 1969 - Mar 2023 |
| Foreign Exchange Reserves (USD mn) | 81,835.0 Mar 2023 | monthly | Jun 1999 - Mar 2023 |
| Foreign Exchange Reserves: % of GDP (%) | 3.727 Dec 2022 | quarterly | Jun 1999 - Dec 2022 |
| Foreign Exchange Reserves: Months of Import (NA) | 1.8 Jan 2023 | monthly | Jun 1999 - Jan 2023 |
| Gold Reserves (USD mn) | 0.000 Mar 2023 | monthly | Dec 1956 - Mar 2023 |
| Total Deposits (USD mn) | 4,249,123.780 Jan 2023 | monthly | Jan 2009 - Jan 2023 |
| Total Deposits Growth (%) | 9.3 Jan 2023 | monthly | Jan 2010 - Jan 2023 |
| Domestic Credit (USD mn) | 4,482,583.0 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Domestic Credit Growth (%) | 5.8 Jan 2023 | monthly | Jan 1970 - Jan 2023 |
| Debt Service Ratio: Households (%) | 13.500 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 22.400 Sep 2022 | quarterly | Mar 1999 - Sep 2022 |
| Credit to Households (USD bn) | 2,061.219 Sep 2022 | quarterly | Mar 1969 - Sep 2022 |
| Credit to Private Non-Financial Sector (USD bn) | 4,334.988 Sep 2022 | quarterly | Mar 1954 - Sep 2022 |
| Household Debt (USD mn) | 2,071,875.7 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Total Loans (USD mn) | 3,015,081.522 Feb 2023 | monthly | Jan 1969 - Feb 2023 |
| Total Loans Growth (%) | 6.67 Mar 2023 | monthly | Jan 1970 - Mar 2023 |
| Private Debt: % of Nominal GDP (%) | 218.19 Dec 2022 | quarterly | Mar 1969 - Dec 2022 |
| Money Supply: M1+: Gross (CAD mn) | 1,554,907.000 Dec 2022 | monthly | Mar 1975 - Dec 2022 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,408,096.000 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,393,203.000 Dec 2022 | monthly | Jan 1968 - Dec 2022 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,417,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,529,803.000 Jan 2023 | monthly | Mar 1975 - Jan 2023 |
| Money Supply: M3: Gross (CAD mn) | 3,429,874.000 Dec 2022 | monthly | Jan 1970 - Dec 2022 |
| Official International Reserves (USD mn) | 109,960.000 Mar 2023 | monthly | Dec 1994 - Mar 2023 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2023 | monthly | Dec 1994 - Feb 2023 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -24.6 Feb 2023 | monthly | Dec 2001 - Feb 2023 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 51.600 Feb 2023 | monthly | Dec 2000 - Feb 2023 |
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