BIS Statistics Explorer: Table F4.1

Total credit to non-financial corporations (core debt)

As a percentage of GDP ¹

« ‹ Q2 2015 › »	Year					Quarter
« ‹ Q2 2015 › »	2010	2011	2012	2013	2014	Q2 14	Q3 14	Q4 14	Q1 15	Q2 15
Argentina	16.3	15.7	16.1	16.5	13.8	15.1	14.6	13.8	13.5	13.8
Australia	66.8	64.3	65.6	69.2	70.9	68.6	70.0	70.9	73.5	73.9
Austria	93.2	92.2	91.7	95.6	91.6	95.2	95.0	91.6	93.1	91.5
Belgium	136.5	144.3	148.4	148.7	147.2	143.3	144.6	147.2	156.1	147.2
Brazil	36.8	39.0	42.1	45.0	47.5	44.0	45.5	47.5	50.2	49.5
Canada	85.1	85.4	89.5	94.9	99.0	97.5	98.9	99.0	104.8	105.3
Chile	70.2	75.4	80.5	87.2	96.9	90.0	94.5	96.9	97.0	96.9
China	117.8	117.0	127.6	137.5	145.8	143.9	144.1	145.8	149.5	151.5
Colombia	30.2	30.2	29.0	31.7	36.4	34.0	34.9	36.4	37.4	38.8
Czechia	53.6	55.9	60.0	61.9	60.8	61.1	60.9	60.8	59.8	58.2
Denmark	115.0	124.6	128.2	119.9	123.4	118.4	123.8	123.4	124.7	123.9
Finland	108.3	109.2	110.5	114.7	120.1	113.6	113.6	120.1	124.6	127.7
France	118.7	123.9	127.8	125.6	131.2	129.1	130.3	131.2	134.0	134.2
Germany	70.1	67.4	67.2	68.8	64.1	69.1	68.1	64.1	65.1	65.0
Greece	67.4	67.6	69.1	67.3	68.2	68.2	68.5	68.2	68.1	67.3
Hong Kong SAR	165.6	178.3	177.7	201.8	218.6	224.5	228.8	218.6	226.9	226.4
Hungary	86.2	88.3	83.6	79.6	79.1	80.0	79.2	79.1	76.0	77.2
India	77.1	77.2	77.8	69.6	72.1	70.0	70.8	72.1	70.8	69.1
Indonesia	14.8	16.6	20.2	24.1	25.0	24.2	24.8	25.0	24.9	25.4
Ireland	197.9	209.0	216.0	204.1	219.7	207.8	209.2	219.7	328.7	298.6
Israel	82.5	79.7	77.3	73.0	70.5	71.6	72.6	70.5	70.9	68.4
Italy	82.3	81.2	83.2	81.7	80.5	81.8	81.8	80.5	80.7	80.0
Japan	101.5	101.2	99.6	98.2	97.1	95.9	96.4	97.1	96.0	94.0
Korea	93.2	93.9	95.4	97.8	99.5	98.7	99.7	99.5	99.5	98.5
Luxembourg	275.7	289.0	302.5	306.6	322.8	313.3	318.8	322.8	328.1	326.2
Malaysia	92.2	93.6	92.2	93.5	90.7	90.9	89.4	90.7	92.3	93.8
Mexico	15.9	17.6	17.3	19.7	21.1	19.9	20.1	21.1	21.1	21.8
Netherlands	144.1	156.3	161.3	164.0	172.7	165.8	166.6	172.7	177.8	176.4
New Zealand	96.6	90.8	90.8	87.1	86.1	85.8	86.0	86.1	86.2	86.1
Norway	143.0	136.2	141.8	136.8	139.0	136.9	137.4	139.0	143.6	146.2
Poland	38.7	41.6	42.9	44.2	46.7	45.4	45.6	46.7	46.9	47.3
Portugal	127.1	132.7	141.1	134.0	126.3	128.6	127.4	126.3	124.7	122.8
Russia	52.8	52.1	55.7	65.2	80.9	69.1	72.4	80.9	82.1	80.4
Saudi Arabia	24.7	20.3	19.8	22.8	25.6	25.2	26.0	25.6	27.2	29.3
Singapore	93.4	101.2	109.9	123.1	132.3	129.0	133.8	132.3	129.5	133.4
South Africa	32.9	31.8	32.9	34.6	34.9	35.2	35.8	34.9	36.2	36.1
Spain	139.6	137.1	130.0	124.3	116.4	120.9	120.0	116.4	117.2	113.6
Sweden	144.0	146.9	147.9	150.5	151.1	153.4	150.5	151.1	154.3	151.9
Switzerland	108.0	112.6	117.7	114.4	110.4	114.4	111.8	110.4	109.7	107.9
Thailand	70.3	74.0	73.9	74.9	75.8	75.3	74.8	75.8	75.6	76.4
Türkiye	39.8	44.1	44.5	52.0	56.0	53.1	54.9	56.0	58.4	60.9
United Kingdom	82.1	80.1	82.3	77.8	71.7	73.9	73.0	71.7	72.5	69.2
United States	68.9	68.2	69.0	69.8	71.6	70.7	71.0	71.6	72.1	73.0
Memo:
Euro area	100.2	101.9	102.5	101.2	103.9	103.6	103.6	103.9	110.0	109.0
Aggregates based on conversion to US dollars at market exchange rates ¹
G20 (aggregate)	83.3	79.7	83.9	86.2	84.9	88.4	85.7	84.9	85.7	89.1
All reporting economies	84.6	80.7	85.4	87.4	85.7	89.5	86.7	85.7	86.4	89.9
Advanced economies	89.4	85.3	88.0	87.7	82.8	88.4	84.2	82.8	82.4	85.8
Emerging market economies	74.3	71.9	80.8	86.9	90.4	91.5	91.0	90.4	93.3	96.7
Aggregates based on conversion to US dollars at PPP exchange rates ¹
G20 (aggregate)	79.7	79.9	82.9	85.4	89.1	86.5	87.5	89.1	89.9	90.5
All reporting economies	80.2	80.6	83.5	85.9	89.5	87.1	88.0	89.5	90.1	90.8
Advanced economies	86.4	86.6	87.2	86.8	87.9	87.4	87.5	87.9	90.1	89.7
Emerging market economies	73.9	74.9	80.0	85.0	90.9	86.8	88.4	90.9	90.2	91.8

¹ National credit-to-GDP ratios should be interpreted and compared across economies with care, taking into account country specifics.
G20 comprises Argentina, Australia, Brazil, Canada, China, the euro area, India, Indonesia, Japan, Korea, Mexico, Russia, Saudi Arabia, South Africa, Türkiye, the United Kingdom and the United States.
Advanced economies comprise Australia, Canada, Denmark, the euro area, Japan, New Zealand, Norway, Sweden, Switzerland, the United Kingdom and the United States.
Emerging market economies comprise Argentina, Brazil, Chile, China, Colombia, Czechia, Hong Kong SAR, Hungary, India, Indonesia, Israel, Korea, Malaysia, Mexico, Poland, Russia, Saudi Arabia, Singapore, South Africa, Thailand and Türkiye.
All reporting economies comprise the economies listed under the advanced and emerging market economies.