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Total credit to the non-financial sector (core debt)
As a percentage of GDP  1
«  Q2 2021  »
Year Quarter
2016 2017 2018 2019 2020 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21
Argentina76.483.9117.6121.7137.7127.5132.6137.7134.3121.5
Australia240.6236.6236.2234.2256.3247.8256.9256.3253.7247.5
Austria237.6230.8225.9224.4251.5245.6244.9251.5256.1249.4
Belgium352.5333.3324.4327.9357.4353.1354.8357.4362.5349.9
Brazil151.8155.2159.2164.1185.9176.2180.2185.9187.8179.4
Canada303.5300.0301.1306.8361.0349.1355.4361.0353.1347.2
Chile166.2162.4170.8186.7197.5208.0207.6197.5193.5182.9
China252.0256.2254.3263.1291.6287.3291.2291.6290.1288.7
Colombia111.9112.3112.2113.1137.7128.9134.6137.7140.4137.5
Czechia128.9124.9124.9117.6128.1129.9129.3128.1133.3129.7
Denmark286.8276.2274.9287.7293.4298.2292.1293.4290.7284.2
Finland253.2256.6254.2252.8271.3267.7267.0271.3272.0267.1
France311.8311.2315.6325.1373.8361.6369.5373.8373.3361.4
Germany192.3186.8185.9186.1205.3199.6204.2205.3207.0203.8
Greece303.5302.5308.8301.0346.0317.3334.1346.0351.0350.1
Hong Kong SAR378.9414.1401.6416.1469.4444.2468.8469.4471.9478.0
Hungary171.6161.2154.2152.2173.5161.3166.4173.5176.5169.1
India159.6162.5153.0164.1186.6178.9183.6186.6188.6179.6
Indonesia71.571.472.773.183.477.582.083.486.084.7
Ireland385.7341.3332.3297.5280.1310.4290.8280.1278.0266.6
Israel177.1175.4173.9174.8191.1181.0186.4191.1195.4193.5
Italy264.4258.6251.8257.6298.5280.6291.5298.5300.8291.4
Japan367.3367.4372.1381.4422.9408.5418.0422.9422.7419.9
Korea219.4217.8224.1235.6257.4250.8255.6257.4261.0262.5
Luxembourg399.6398.7404.0424.3443.2480.7455.7443.2444.2421.3
Malaysia188.6182.8187.7189.1211.8203.1208.1211.8215.0208.1
Mexico79.977.777.177.385.787.988.385.786.982.0
Netherlands355.4338.1323.1306.0316.2320.3321.8316.2319.4315.1
New Zealand208.9202.7202.5198.0218.7210.7215.1218.7221.8214.0
Norway295.1283.5272.6288.9329.1311.5318.2329.1323.1308.7
Poland143.1134.7132.5126.1140.8139.9139.6140.8142.0137.2
Portugal321.0312.8298.0290.8327.6311.6321.2327.6332.6323.2
Russia115.8114.8112.2110.8134.2121.9129.3134.2132.3127.0
Saudi Arabia81.680.673.584.8117.8102.7110.1117.8121.6118.6
Singapore307.7307.8305.8335.0381.9358.4368.2381.9381.5377.6
South Africa123.0123.2125.5130.4143.7139.3142.7143.7144.7137.5
Spain284.7273.3265.5263.9310.4293.2301.6310.4314.7308.0
Sweden281.5283.8282.0287.5306.5301.1304.7306.5312.3307.3
Switzerland268.3277.6267.8285.5297.7295.0298.7297.7309.1306.2
Thailand187.5185.8188.3188.6221.6204.5212.7221.6226.7225.7
Turkey112.8112.6111.5111.5128.7130.2135.9128.7126.8121.1
United Kingdom270.6270.9262.2263.6306.0295.0299.1306.0298.6293.6
United States251.4251.3250.8255.1296.4287.1291.9296.4294.1286.7
Memo:
Euro area270.1262.4257.4258.1289.0280.3285.9289.0291.6284.4
Aggregates based on conversion to US dollars at market exchange rates  1
G20 (aggregate)237.3248.3236.4247.2292.5270.8282.0292.5283.3276.4
All reporting economies236.2247.3235.0246.2290.9268.9279.9290.9281.5274.5
Advanced economies264.8276.8264.4273.7321.1300.8310.9321.1308.9300.4
Emerging market economies187.7200.3188.8203.0243.0218.2230.5243.0239.1234.8
Aggregates based on conversion to US dollars at PPP exchange rates  1
G20 (aggregate)226.7225.9223.9229.1259.8251.0256.7259.8260.5254.8
All reporting economies225.3224.4222.4227.5257.7248.9254.5257.7258.6253.0
Advanced economies274.0271.0268.8272.1309.2299.1304.9309.2311.6303.7
Emerging market economies181.0182.8182.2189.3214.7206.1212.0214.7215.2211.6
 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.