BIS Statistics Explorer: Table F5.1

Total credit to the government sector at market value (core debt)

As a percentage of GDP

« ‹ Q3 2023 › »	Year					Quarter
« ‹ Q3 2023 › »	2018	2019	2020	2021	2022	Q3 22	Q4 22	Q1 23	Q2 23	Q3 23
Australia	40.7	42.7	60.9	57.1	49.5	50.7	49.5	50.5	48.3	48.2
Austria	84.0	82.6	98.3	92.2	71.8	76.7	71.8	74.2	72.2	70.3
Belgium	113.8	115.8	135.4	123.5	98.9	100.4	98.9	101.4	100.5	100.6
Canada	85.6	87.8	116.7	106.7	88.1	89.2	88.1	87.8	88.0	86.4
Chile	27.8	33.3	38.5	36.3	36.1	34.4	36.1	34.9	35.7	35.2
Czechia	33.4	31.6	39.7	40.4	39.9	40.3	39.9	41.0	41.4	41.4
Denmark	39.8	40.4	48.9	40.5	28.4	29.4	28.4	28.2	28.7	28.2
Finland	68.4	69.1	80.1	75.9	67.0	66.6	67.0	67.7	68.5	66.7
France	109.1	111.4	132.7	126.0	105.3	109.8	105.3	107.0	105.3	103.2
Germany	66.9	65.4	78.4	76.0	61.8	64.4	61.8	61.9	60.3	59.2
Greece	189.3	189.8	221.8	207.8	177.6	180.4	177.6	173.8	172.6	170.3
Hungary	72.2	70.0	82.7	74.4	63.5	63.8	63.5	64.7	66.3	66.4
Ireland	67.0	62.0	64.3	57.9	40.8	45.3	40.8	40.3	39.7	39.2
Israel	64.6	66.7	78.9	75.2	61.1	62.9	61.1	60.6	61.0	59.5
Italy	141.4	148.3	176.0	161.4	134.7	137.2	134.7	136.1	138.0	133.0
Japan	212.5	217.0	237.6	230.5	226.9	230.5	226.9	229.9	228.1	218.6
Korea	36.7	39.3	44.6	45.5	44.4	44.2	44.4	47.3	47.5	46.1
Luxembourg	22.1	23.6	25.9	25.1	22.3	22.4	22.3	26.0	25.9	22.9
Netherlands	59.4	56.3	63.3	58.5	47.7	46.6	47.7	45.6	44.1	42.2
Norway	39.2	40.4	46.3	42.1	36.3	33.7	36.3	33.0	31.8	35.1
Poland	50.7	47.6	60.3	52.4	44.7	45.3	44.7	44.8	45.7	46.3
Portugal	131.0	129.9	150.9	136.5	109.4	117.7	109.4	110.2	107.4	104.1
Spain	111.1	113.8	140.4	131.1	106.1	110.6	106.1	106.8	106.2	102.3
Sweden	41.5	37.5	41.8	38.2	32.7	33.7	32.7	31.5	30.0	29.1
Switzerland	28.8	28.9	31.7	29.9	26.1	25.9	26.1	26.6	26.8	26.4
Türkiye	29.0	31.7	39.3	39.5	33.6	34.8	33.6	32.2	33.1	30.4
United Kingdom	107.9	110.9	141.4	133.3	93.6	94.5	93.6	93.8	89.9	86.7
United States	98.5	102.9	128.8	119.2	102.0	102.4	102.0	102.6	102.3	101.8
Euro area	95.8	96.6	113.7	106.9	87.5	90.6	87.5	88.2	87.3	85.1
Memo:
Euro area	95.8	96.6	113.7	106.9	87.5	90.6	87.5	88.2	87.3	85.1
Aggregates based on conversion to US dollars at market exchange rates ¹
G20 (aggregate)	86.1	91.2	113.1	100.2	89.2	85.2	89.2	91.2	89.9	88.0
All reporting economies	83.1	88.1	109.3	96.8	86.6	82.5	86.6	88.5	87.3	85.5
Advanced economies	103.9	108.8	134.8	118.2	101.8	97.3	101.8	103.8	101.8	98.3
Aggregates based on conversion to US dollars at PPP exchange rates ¹
G20 (aggregate)	79.5	82.3	97.9	92.8	85.0	85.6	85.0	85.8	85.8	85.0
All reporting economies	77.0	79.6	94.9	90.1	82.7	83.2	82.7	83.4	83.5	82.9
Advanced economies	105.9	108.4	130.3	122.0	104.5	106.7	104.5	105.2	104.4	102.3

¹ 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.
Where data on credit to the government sector at market value are not available, data on nominal value are used for the aggregates.