Total Credit — Value Standard Local Currency in Australia
Australia: Total Credit — Value Standard Local Currency was 1.16 million million SLC in 2024. ◆ Volatile
Total Credit — Value Standard Local Currency in Australia, 1993–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for total credit — value standard local currency in Australia is 1.16 million million SLC, measured in 2024. That is the highest value across all 32 years on record.
That represents a change of up 9.1% on the previous year and up 46.9% over ten years.
Over the whole period, total credit — value standard local currency in Australia peaked at 1.16 million million SLC in 2024 and was at its lowest, 142,404 million SLC, in 1993.
That places Australia 67th out of 165 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency in Australia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1993 | 142,404 million SLC | — |
| 1994 | 145,356 million SLC | +2.1% |
| 1995 | 160,966 million SLC | +10.7% |
| 1996 | 180,907 million SLC | +12.4% |
| 1997 | 204,695 million SLC | +13.1% |
| 1998 | 225,323 million SLC | +10.1% |
| 1999 | 246,891 million SLC | +9.6% |
| 2000 | 267,351 million SLC | +8.3% |
| 2001 | 279,194 million SLC | +4.4% |
| 2002 | 292,584 million SLC | +4.8% |
| 2003 | 319,658 million SLC | +9.3% |
| 2004 | 354,707 million SLC | +11.0% |
| 2005 | 406,693 million SLC | +14.7% |
| 2006 | 473,384 million SLC | +16.4% |
| 2007 | 614,333 million SLC | +29.8% |
| 2008 | 703,748 million SLC | +14.6% |
| 2009 | 680,371 million SLC | -3.3% |
| 2010 | 641,003 million SLC | -5.8% |
| 2011 | 668,878 million SLC | +4.3% |
| 2012 | 694,623 million SLC | +3.8% |
| 2013 | 734,903 million SLC | +5.8% |
| 2014 | 790,489 million SLC | +7.6% |
| 2015 | 872,370 million SLC | +10.4% |
| 2016 | 938,893 million SLC | +7.6% |
| 2017 | 950,343 million SLC | +1.2% |
| 2018 | 993,941 million SLC | +4.6% |
| 2019 | 826,559 million SLC | -16.8% |
| 2020 | 831,571 million SLC | +0.6% |
| 2021 | 885,855 million SLC | +6.5% |
| 2022 | 991,221 million SLC | +11.9% |
| 2023 | 1.06 million million SLC | +7.3% |
| 2024 | 1.16 million million SLC | +9.1% |
Australia compared with similar countries
- Australia's 1.16 million million SLC is above the median for high income countries, which is 263,838 million SLC, 4.4× the median. (52 countries reporting)
- Australia's 1.16 million million SLC is above the median for East Asia & Pacific, which is 1.16 million million SLC, 1.0× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 186,649 million SLC | 142,404 million SLC | 246,891 million SLC | 7 |
| 2000s | 439,202 million SLC | 267,351 million SLC | 703,748 million SLC | 10 |
| 2010s | 811,200 million SLC | 641,003 million SLC | 993,941 million SLC | 10 |
| 2020s | 986,725 million SLC | 831,571 million SLC | 1.16 million million SLC | 5 |
Countries ranked near Australia
More agriculture & rural data for Australia
- Agriculture, forestry, and fishing, value added (current US$), annual 13.97 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0227 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 1,476 current US$ per person (2025)
- Rural population, annual growth rate 0.5855 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.1228 units per person (2025)
- Share of GDP from agriculture 2.3% (2025)
- Agriculture as a share of GDP vs. GDP per capita 2.3% (2025)
- Agricultural raw materials exports 1.7% (2025)
- Agricultural raw materials imports 0.5% (2025)
Frequently asked questions
- What is total credit — value standard local currency in Australia?
- Total credit — value standard local currency in Australia was 1.16 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Australia?
- The highest recorded value was 1.16 million million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Australia?
- The lowest recorded value was 142,404 million SLC in 1993.
- How does Australia rank for total credit — value standard local currency?
- Australia ranks 67th out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Australia?
- Over the last ten years it is up 46.9%. The long-run trend across the full record is volatile.
- Where does this Australia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.