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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
« ‹ Q3 2017 › »
 Year Quarter
2012 2013 2014 2015 2016 Q3 16 Q4 16 Q1 17 Q2 17 Q3 17
Argentina22.022.819.721.520.820.620.820.421.322.5
Australia175.5181.4186.7197.1198.7199.9198.7195.3195.1193.5
Austria143.5146.6141.9141.7142.0142.2142.0142.9141.9141.7
Belgium204.1205.1205.4207.2227.9227.6227.9222.6219.6215.1
Brazil66.770.774.481.874.474.874.472.872.671.3
Canada184.8190.3194.1209.3213.8214.4213.8214.5214.3213.7
Chile115.8124.5136.3145.5142.8142.5142.8142.6142.4139.9
China157.4170.8181.5197.3203.7202.7203.7206.5205.9205.8
Colombia50.754.660.568.064.165.464.163.463.562.7
Czechia90.593.190.986.787.987.487.988.588.288.1
Denmark257.7246.9247.5245.3242.7247.1242.7239.9237.0235.7
Finland171.5176.2182.5189.4179.5182.0179.5181.3183.1185.5
France182.9181.1186.8192.4199.4198.2199.4200.5200.7200.4
Germany123.8124.3118.2117.8117.7118.3117.7118.7118.3118.1
Greece135.1133.4132.7129.6127.3127.3127.3126.2124.4122.1
Hong Kong SAR238.9264.5284.0297.5306.5301.9306.5316.7330.9335.0
Hungary115.2107.9104.794.889.889.889.888.086.785.8
India113.1104.1105.9101.690.890.390.888.090.189.7
Indonesia36.841.242.143.243.142.343.141.942.141.5
Ireland314.7297.3300.0322.1304.6304.0304.6300.6287.3278.5
Israel116.0112.1110.1109.1110.3110.1110.3109.5109.8111.2
Italy126.9125.0123.0119.0114.9116.9114.9114.7113.7112.0
Japan161.0159.5157.8153.8155.5154.3155.5156.3155.6155.7
Korea175.3176.2179.6180.9181.7181.3181.7181.1182.5182.2
Luxembourg361.4364.6382.1387.7376.5370.8376.5378.5373.4370.3
Malaysia155.7161.5159.6165.8166.4164.0166.4164.8163.9162.1
Mexico30.633.735.238.341.541.141.539.939.340.0
Netherlands280.5280.3287.1284.7284.5288.8284.5284.6281.0279.6
New Zealand179.0175.3173.6175.2177.2177.3177.2176.4176.0174.9
Norway224.4222.2227.9248.2255.8255.9255.8251.4249.3245.7
Poland77.379.982.783.687.084.587.085.584.583.5
Portugal231.6220.1208.2196.7184.3187.7184.3183.5181.1178.7
Russia69.581.698.2103.999.6100.499.696.897.998.7
Saudi Arabia37.442.547.160.263.366.063.362.462.261.2
Singapore175.8191.6201.6204.6203.1205.7203.1199.8203.1200.1
South Africa72.773.573.275.874.074.574.074.673.373.6
Spain211.5202.0189.8177.8169.1171.1169.1168.2166.4163.2
Sweden227.1231.6233.0237.2236.9235.9236.9241.7241.3240.0
Switzerland229.2230.2229.9234.0241.0241.2241.0243.1247.6248.9
Thailand150.1156.7160.9164.4161.8163.3161.8159.3159.4157.6
Türkiye62.671.574.579.584.680.484.684.784.683.2
United Kingdom173.1167.5160.0157.8163.3164.0163.3163.8162.3163.0
United States152.6151.6150.6150.8152.6153.0152.6152.8153.5153.5
Memo:
Euro area165.2162.8164.0166.3166.2167.0166.2166.7165.3163.9
 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