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Total credit to the non-financial sector (core debt)
As a percentage of GDP  1
«  Q1 2020  »
Year Quarter
2015 2016 2017 2018 2019 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20
Argentina76.976.483.9117.6121.7120.5110.9126.4121.7119.5
Australia237.2240.6236.6236.2234.2236.2236.7236.5234.2240.0
Austria237.4237.6230.8225.9224.4227.1228.6227.3224.4229.7
Belgium331.1352.5333.3324.4327.9328.3330.2335.2327.9333.4
Brazil153.6151.8155.2159.2164.1159.3159.7162.2164.1167.9
Canada298.8303.5300.0301.1306.8303.8307.0309.9306.8315.6
Chile165.0166.2162.4170.8186.7171.8177.9185.3186.7194.3
China239.0252.0256.2254.3263.1259.6260.6262.1263.1278.9
Colombia112.4111.9112.3112.2113.1113.0113.9115.0113.1121.0
Czechia131.5128.9124.9124.9117.6124.9123.1121.2117.6120.2
Denmark291.0286.8276.2274.9287.7279.2284.0287.9287.7285.5
Finland263.1253.2256.6254.2252.8256.4256.9255.8252.8258.5
France300.7311.8311.2315.6325.1322.1325.0328.6325.1331.5
Germany195.1192.3186.8185.9186.1187.6188.4189.1186.1188.5
Greece301.1303.5302.5308.8301.0304.8302.3301.9301.0301.8
Hong Kong SAR370.8378.9414.1401.6416.1398.9404.1413.5416.1433.3
Hungary177.3171.6161.2154.2152.2153.8153.9154.4152.2154.4
India169.9159.6162.5153.0164.1154.3156.2159.5164.1166.9
Indonesia70.871.571.472.773.172.972.573.173.177.1
Ireland407.3385.7341.3332.3297.5333.3326.2320.7297.5307.0
Israel178.7177.1175.4173.9174.8174.3174.7174.7174.8173.2
Italy271.2264.4258.6251.8257.6252.5256.8262.8257.6260.4
Japan359.5367.3367.4372.1381.4376.1378.9379.1381.4383.6
Korea218.9219.4217.8224.1235.6228.0231.8234.9235.6242.7
Luxembourg411.6399.6398.7404.0424.3410.5409.3411.1424.3432.3
Malaysia190.0188.6182.8187.7189.1189.5189.9189.3189.1190.8
Mexico74.779.977.777.177.377.377.578.377.383.7
Netherlands357.5355.4338.1323.1306.0318.7316.3312.8306.0309.0
New Zealand207.8208.9202.7202.5198.0198.8198.7198.8198.0199.8
Norway284.0295.1283.5272.6288.9270.1274.7280.3288.9298.0
Poland138.0143.1134.7132.5126.1131.7129.6129.5126.1130.5
Portugal337.0321.0312.8298.0290.8299.8298.2297.4290.8293.2
Russia120.4115.8114.8112.2110.8109.8109.3111.6110.8118.8
Saudi Arabia70.981.680.673.584.875.779.081.584.892.4
Singapore303.3307.7307.8305.8335.0308.3312.9321.8335.0340.1
South Africa123.0123.0123.2125.5130.4127.3127.5131.1130.4133.4
Spain293.0284.7273.3265.5263.9268.8270.9270.2263.9266.6
Sweden283.2281.5283.8282.0287.5286.6287.6287.8287.5295.2
Switzerland262.3268.3277.6267.8285.5270.5273.5276.8285.5285.8
Thailand191.6187.5185.8188.3188.6188.1187.5187.0188.6192.6
Turkey107.4112.8112.6111.5111.5112.9111.2109.2111.5115.9
United Kingdom257.2270.6270.9262.2263.6261.4263.8270.3263.6268.6
United States248.7251.4251.3250.8255.1250.9251.4255.4255.1265.5
Memo:
Euro area270.9270.1262.4257.4258.1259.3261.1262.9258.1261.9
Aggregates based on conversion to US dollars at market exchange rates  1
G20 (aggregate)234.1237.3248.3236.4247.2241.8245.4243.3247.2249.6
All reporting economies233.0236.2247.3235.0246.2240.3244.1241.9246.2247.7
Advanced economies266.5264.8276.8264.4273.7266.6271.6270.8273.7275.7
Emerging market economies177.0187.7200.3188.8203.0198.7200.7196.4203.0203.2
Aggregates based on conversion to US dollars at PPP exchange rates  1
G20 (aggregate)223.1226.7225.9223.9229.1225.2226.5229.2229.1235.5
All reporting economies221.9225.3224.4222.4227.5223.7224.9227.5227.5233.8
Advanced economies271.5274.0271.0268.8272.1270.3271.5274.2272.1278.2
Emerging market economies176.8181.0182.8182.2189.3183.4184.8187.5189.3195.9
 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, Turkey, 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 Turkey.
All reporting economies comprise the economies listed under the advanced and emerging market economies.