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June 18, 2011

Credit Card Debt in Australia : Infographic

  • Australia’s national debt has just hit $60 Billion. There were an estimated 36 million debit cards and 16 million credit cards in circulation in Australia in 2009. (Source: Euromonitor International, January 2010)
  • Reserve Bank of Australia "figures show mortgage, credit card and personal loan debts now stand at $1.2 trillion, up 71 per cent from just five years ago and equating to $56,000 for every man, woman and child in the country." (Source: Sydney Morning Herald, December 2009)
  • Debit card ATM withdrawals per account dropped 6.3 per cent in 2009 to 2.39 a month last year. That's compared with 2.55 in the previous year and 2.62 in 2006. (Source: The Australian, January 2010)
  • Australia’s total rate of cheque and payment card fraud has risen to 9 cents for every $1,000 of payments, up from 7 cents. (Source: Australian Payments Clearing Association, December 2009)
  • Australians spent $19.189 billion on credit and charge cards in October 2009. (Source: Reserve Bank of Australia, December 2009)
  • The average credit card account balance was $3,141 in October 2009. (Source: Reserve Bank of Australia, December 2009)
  • Total credit and charge card balances outstanding stood at $45.153 billion in October 2009. (Source: Reserve Bank of Australia, December 2009)

Credit card debt statistics

    United States (July 2008) $962 billion[1]
    United Kingdom (March 2009) £64.7 billion[
    Australia (2007) $41 billion (AUD)

WORLDWIDE DATA Outstanding national credit card balances, in billions .
(Note: All figures are in U.S. dollars.)
US - $775.0
UK - $87.5
Canada - $73.9
Australia - $40.4
(Source: USA Today, December 2009)

source : Credit card Australia