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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
« ‹ Q2 2018 › »
 Year Quarter
2013 2014 2015 2016 2017 Q2 17 Q3 17 Q4 17 Q1 18 Q2 18
Argentina22.819.721.520.824.921.322.524.925.428.8
Australia181.4186.7197.1198.7193.9195.1193.5193.9194.7194.0
Austria146.6141.9141.7142.0141.5141.9141.7141.5142.3141.7
Belgium205.1205.4207.2227.9215.8219.6215.1215.8212.4213.1
Brazil70.774.481.874.472.572.671.372.570.672.7
Canada190.3194.1209.3213.8213.6214.3213.7213.6213.8215.9
Chile124.5136.3145.5142.8137.6142.4139.9137.6136.6137.9
China170.8181.5197.3203.7204.5205.9205.8204.5205.3203.8
Colombia54.660.568.064.162.363.562.762.361.961.8
Czechia93.190.986.787.988.488.288.188.488.589.9
Denmark246.9247.5245.3242.7234.5237.0235.7234.5234.5235.7
Finland176.2182.5189.4179.5186.8183.1185.5186.8186.6187.6
France181.1186.8192.4199.4200.7200.7200.4200.7202.2204.0
Germany124.3118.2117.8117.7117.7118.3118.1117.7118.6119.6
Greece133.4132.7129.6127.3120.9124.4122.1120.9120.2119.2
Hong Kong SAR264.5284.0297.5306.5343.4330.9335.0343.4349.4345.2
Hungary107.9104.794.889.883.786.785.883.782.885.5
India104.1105.9101.690.892.890.189.792.888.486.6
Indonesia41.242.143.243.142.042.141.542.041.442.4
Ireland297.3300.0322.1304.6268.1287.3278.5268.1259.0260.1
Israel112.1110.1109.1110.3109.8109.8111.2109.8111.2111.3
Italy125.0123.0119.0114.9112.1113.7112.0112.1111.1111.2
Japan159.5157.8153.8155.5156.1155.6155.7156.1155.6156.0
Korea176.2179.6180.9181.7181.9182.5182.2181.9182.9184.2
Luxembourg364.6382.1387.7376.5370.9373.4370.3370.9375.9376.6
Malaysia161.5159.6165.8166.4161.9163.9162.1161.9162.8164.9
Mexico33.735.238.341.541.439.340.041.440.441.4
Netherlands280.3287.1284.7284.5273.8281.0279.6273.8273.4269.3
New Zealand175.3173.6175.2177.2174.0176.0174.9174.0173.2173.0
Norway222.2227.9248.2255.8243.3249.3245.7243.3241.8239.0
Poland79.982.783.687.082.284.583.582.282.882.9
Portugal220.1208.2196.7184.3176.7181.1178.7176.7173.7170.5
Russia81.698.2103.999.699.397.998.799.398.298.7
Saudi Arabia42.547.160.263.359.562.261.259.559.857.2
Singapore191.6201.6204.6203.1202.7203.1200.1202.7199.4200.8
South Africa73.573.275.874.072.873.373.672.873.372.7
Spain202.0189.8177.8169.1159.8166.4163.2159.8158.1158.4
Sweden231.6233.0237.2236.9242.1241.3240.0242.1243.1242.4
Switzerland230.2229.9234.0241.0250.9247.6248.9250.9257.2250.9
Thailand156.7160.9164.4161.8158.0159.4157.6158.0156.9157.4
Türkiye71.574.579.584.684.184.683.284.184.286.7
United Kingdom167.5160.0157.8163.3163.7162.3163.0163.7161.3160.6
United States151.6150.6150.8152.6154.2153.5153.5154.2153.3154.0
Memo:
Euro area162.8164.0166.3166.2162.9165.3163.9162.9161.5161.3
 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