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Total credit to the non-financial sector (core debt)
As a percentage of GDP  1
«  Q4 2017  »
Year Quarter
2012 2013 2014 2015 2016 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17
Argentina65.469.367.176.976.476.472.576.078.183.9
Australia204.0211.8221.4234.5238.5238.5235.6235.8233.6234.7
Austria236.0235.7238.7237.4237.6237.6236.0234.2232.6230.8
Belgium321.0319.7331.8329.3351.1351.1345.2339.2334.9332.4
Brazil128.3130.3136.0153.6151.8151.8152.3153.2152.7155.2
Canada271.0274.2278.5299.1303.5303.5302.2304.0299.8300.2
Chile129.8139.4154.4165.4166.5166.5166.6168.5165.2163.0
China191.9208.1221.7239.0254.4254.4258.4258.9259.7259.4
Colombia82.888.798.7112.4111.9111.9112.0112.5112.5112.3
Czechia139.6141.8138.8131.5128.9128.9132.2130.9125.9124.9
Denmark310.8295.7298.9291.0286.8286.8282.7279.4278.4276.2
Finland234.0239.4253.0263.1253.2253.2254.5254.4254.5256.6
France283.7281.8294.9300.7311.8311.8313.3313.8312.8311.2
Germany210.3206.2199.8195.5192.7192.7192.3190.5189.1187.7
Greece288.7303.9306.0301.4303.8303.8300.3297.9297.4302.8
Hong Kong SAR303.1330.9351.0371.2379.2379.2388.8402.7406.0414.2
Hungary195.9187.4187.9177.4171.6171.6169.6166.8164.6161.2
India179.9171.1172.3169.9159.6159.6156.7159.3159.2162.3
Indonesia59.766.166.870.871.571.570.670.670.571.3
Ireland439.8425.2416.8406.8386.9386.9382.8367.9357.1341.4
Israel188.3183.0181.4179.1177.8177.8176.4176.6178.2175.9
Italy256.9263.2273.7271.2264.4264.4262.9263.2260.6258.6
Japan355.9359.7366.5359.4367.1367.1367.7367.5366.8367.2
Korea207.3209.8216.0218.9219.4219.4219.6220.8219.0217.8
Luxembourg383.4387.5405.7410.4397.9397.9402.6396.7393.8394.0
Malaysia207.4214.6212.3219.4218.3218.3216.5216.0213.2212.0
Mexico57.663.266.672.177.477.474.773.374.475.6
Netherlands354.0352.7363.9357.4355.4355.4352.2347.7344.0338.0
New Zealand215.6209.8207.7207.7208.7208.7207.9206.9205.7202.6
Norway255.3253.7257.6282.6293.8293.8291.2287.6283.1281.6
Poland136.1139.8138.2138.1143.8143.8141.5140.0137.5135.1
Portugal358.1350.8349.3337.0321.0321.0320.1320.7318.3312.8
Russia81.494.7114.4120.4115.8115.8112.6113.8114.6114.8
Saudi Arabia40.544.748.666.076.476.476.577.377.376.7
Singapore280.2293.1298.7304.1308.3308.3306.3308.7306.9308.7
South Africa112.2116.1119.0123.6123.7123.7122.4122.3124.2123.5
Spain302.0307.0307.2292.8284.5284.5283.2281.6277.0273.1
Sweden267.3273.8281.4283.7282.3282.3287.1285.6282.6285.9
Switzerland261.0261.0262.1266.1272.0272.0274.8278.6279.9282.2
Thailand178.6186.4190.8196.5192.4192.4191.3191.1190.1190.4
Türkiye98.1102.8105.0107.4112.8112.8113.7113.6111.6112.6
United Kingdom270.4260.8264.2261.0276.8276.8276.4272.2271.2274.7
United States254.8249.7251.0250.1252.6252.6251.3251.0252.1252.4
Memo:
Euro area263.9263.0270.1270.0269.3269.3268.8267.0264.4262.0
Aggregates based on conversion to US dollars at market exchange rates  1
G20 (aggregate)228.8227.9222.5234.3238.0238.0242.1246.8249.0249.2
All reporting economies228.2227.3221.1233.4237.1237.1241.2246.2248.4248.3
Advanced economies271.5268.3256.0267.1265.4265.4269.3276.1278.5277.3
Emerging market economies149.8157.4162.3177.0188.8188.8194.2197.0199.4201.9
Aggregates based on conversion to US dollars at PPP exchange rates  1
G20 (aggregate)208.4210.9217.2223.1227.3227.3224.8225.4225.8226.7
All reporting economies207.6210.3216.3222.3226.1226.1223.8224.4224.6225.4
Advanced economies270.4268.2272.1271.9274.5274.5275.0273.5272.3271.5
Emerging market economies149.4157.4166.0176.9182.1182.1177.5180.1181.9184.2
 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.