The Bank For International Settlements has released their latest data series of credit to GDP for more than 40 countries. It is a reasonably accurate benchmark.
I have selected some relevant analogues to show that private debt to GDP ratios in Australia remain high, well above USA Canada and UK. Denmark and New Zealand are higher. Australia is the dotted yellow line.
Relevant given my recent post of the impact of credit on Australia!
You can watch my video blog where we discuss todays releases.