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Number of cards with a credit function per inhabitant in Canada rises in 2016

Bank for International Settlements reported that number of cards with a credit function increased negligibly by 3.47% in comparison with the prior year. Number of cards with a credit function slightly went up by 0.07, contrarily to the previous year when it went down by 6.91%. Canada saw a raise of 0.48% in number of cards with a credit function during the last 10 years. Still it has attained a negative compound annual growth rate of 0.02 percent over the last five years with a overall stagnation since the start of observations. It averaged 2.18 from 2007 to 2016 and it attained its all-time high of 2.32 in 2013 and record low of 2.02 in 2015.

Number of cards with a credit function per inhabitant in Canada rises in 2016
Date Number Variation
2016 2.09 3.47
2015 2.02 -6.91
2014 2.17 -6.47
2013 2.32 2.2
2012 2.27 -1.3
2011 2.30 5.02
2010 2.19 -0.45
2009 2.20 0.46
2008 2.19 5.29
2007 2.08 N/A

Related Statistics

Number Of Credit Cards in other Countries

Main Credit Card Indicators

  • Credit Card Transaction

    Value (million or billion US Dollars or any other national currency) or volume (number of transactions) of payment transactions performed with credit cards, i.e. cards indicating that the holder has been granted a line of credit. They enable him/her to make purchases and/or draw cash up to a prearranged ceiling. The credit granted may be settled in full by the end of a specific period, or may be settled in part, with the balance taken as extended credit. Interest is charged on the amount of extended credit and the holder is sometimes charged an annual fee. Based on: Bank for International Settlements.

  • Number Of Credit Cards

    Number of credit cards used by a given population. Credit cards are understood as cards indicating that the holder has been granted a line of credit. They enable him/her to make purchases and/or draw cash up to a prearranged ceiling. The credit granted may be settled in full by the end of a specific period, or may be settled in part, with the balance taken as extended credit. Interest is charged on the amount of extended credit and the holder is sometimes charged an annual fee. Based on: Bank for International Settlements.