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Credit-to-GDP ratios (actual data)  1
Based on total credit to the private non-financial sector, as % of GDP  2
« ‹ Q4 2016 › »
 Year Quarter
2011 2012 2013 2014 2015 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16
Argentina21.122.022.819.721.521.521.120.620.620.8
Australia173.4175.5181.4186.7197.1197.1198.6199.9199.9198.7
Austria145.2143.5146.6141.9141.7141.7141.4141.0142.2142.0
Belgium199.7204.1205.1205.4207.2207.2223.9228.6227.6227.9
Brazil62.366.770.774.481.881.878.875.674.874.4
Canada179.4184.8190.3194.1209.3209.3208.5212.1214.4213.8
Chile109.2115.8124.5136.3145.5145.5143.5142.6142.5142.8
China144.8157.4170.8181.5197.3197.3201.8202.3202.7203.7
Colombia50.350.754.660.568.068.066.966.165.464.1
Czechia85.590.593.190.986.786.785.886.487.487.9
Denmark256.7257.7246.9247.5245.3245.3244.8245.5247.1242.7
Finland168.2171.5176.2182.5189.4189.4186.1184.4182.0179.5
France178.8182.9181.1186.8192.4192.4194.8197.2198.2199.4
Germany124.6123.8124.3118.2117.8117.8118.3118.1118.3117.7
Greece132.7135.1133.4132.7129.6129.6129.5128.9127.3127.3
Hong Kong SAR237.3238.9264.5284.0297.5297.5295.9300.9301.9306.5
Hungary125.8115.2107.9104.794.894.893.794.489.889.8
India113.1113.1104.1105.9101.6101.697.495.790.390.8
Indonesia32.136.841.242.143.243.242.242.642.343.1
Ireland315.0314.7297.3300.0322.1322.1322.2322.2304.0304.6
Israel118.4116.0112.1110.1109.1109.1108.7110.2110.1110.3
Italy124.7126.9125.0123.0119.0119.0117.5117.7116.9114.9
Japan163.0161.0159.5157.8153.8153.8152.6153.0154.3155.5
Korea172.8175.3176.2179.6180.9180.9180.7181.1181.3181.7
Luxembourg345.8361.4364.6382.1387.7387.7373.8372.9370.8376.5
Malaysia152.9155.7161.5159.6165.8165.8162.8162.2164.0166.4
Mexico30.630.633.735.238.338.339.340.441.141.5
Netherlands275.5280.5280.3287.1284.7284.7283.3282.5288.8284.5
New Zealand178.0179.0175.3173.6175.2175.2175.8176.0177.3177.2
Norway217.3224.4222.2227.9248.2248.2249.9253.5255.9255.8
Poland77.177.379.982.783.683.684.185.184.587.0
Portugal223.2231.6220.1208.2196.7196.7192.7190.3187.7184.3
Russia63.769.581.698.2103.9103.9102.6100.3100.499.6
Saudi Arabia37.837.442.547.160.260.263.166.366.063.3
Singapore161.3175.8191.6201.6204.6204.6203.6205.5205.7203.1
South Africa70.272.773.573.275.875.876.674.774.574.0
Spain219.6211.5202.0189.8177.8177.8174.1174.0171.1169.1
Sweden223.5227.1231.6233.0237.2237.2232.4233.4235.9236.9
Switzerland221.6229.2230.2229.9234.0234.0239.8239.3241.2241.0
Thailand144.9150.1156.7160.9164.4164.4166.1165.4163.3161.8
Türkiye61.162.671.574.579.579.578.479.280.484.6
United Kingdom172.5173.1167.5160.0157.8157.8158.4161.8164.0163.3
United States156.0152.6151.6150.6150.8150.8151.5152.1153.0152.6
Memo:
Euro area165.0165.2162.8164.0166.3166.3166.6167.2167.0166.2
 1 Credit-to-GDP gaps is defined as the difference between the credit-to-GDP ratio and its long-term trend; in percentage points. Long-term trend is calculated using a one-sided Hodrick-Prescott filter with a lambda of 400,000. 2 Can also be found in table F2.1