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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 2018 › »
 Year Quarter
2013 2014 2015 2016 2017 Q4 17 Q1 18 Q2 18 Q3 18 Q4 18
Argentina22.819.721.520.824.924.925.428.833.229.0
Australia181.4186.7197.1198.7193.9193.9194.7194.0194.1193.6
Austria146.6141.9141.7142.0141.5141.5142.3141.7141.7141.9
Belgium205.1205.4207.2227.9215.8215.8212.4213.1209.7210.8
Brazil70.774.481.874.472.572.570.672.773.374.4
Canada190.3194.1209.3213.8213.6213.6213.8215.9215.0216.1
Chile124.5136.3145.5142.8137.6137.6136.6137.9139.9143.5
China170.8181.5197.3203.7204.5204.5205.3203.8202.3200.6
Colombia54.660.568.064.162.362.361.961.861.362.0
Czechia93.190.986.787.988.488.488.589.990.891.5
Denmark246.9247.5245.3242.7234.5234.5234.5235.7235.3235.2
Finland176.2182.5189.4179.5186.8186.8186.6187.6187.6185.9
France181.1186.8192.4199.4200.7200.7202.2204.0205.5206.5
Germany124.3118.2117.8117.7117.7117.7118.6119.6120.6120.0
Greece133.4132.7129.6127.3120.9120.9120.2119.2119.2119.7
Hong Kong SAR264.5284.0297.5306.5343.4343.4349.4345.2332.7335.2
Hungary107.9104.794.889.883.783.782.885.583.782.3
India104.1105.9101.690.892.892.888.486.684.583.8
Indonesia41.242.143.243.142.042.041.442.442.943.1
Ireland297.3300.0322.1304.6268.1268.1259.0260.1257.7264.7
Israel112.1110.1109.1110.3109.8109.8111.2111.3110.8110.0
Italy125.0123.0119.0114.9112.1112.1111.1111.2110.8110.4
Japan159.5157.8153.8155.5156.1156.1155.6156.0157.5159.4
Korea176.2179.6180.9181.7181.9181.9182.9184.2186.1187.4
Luxembourg364.6382.1387.7376.5370.9370.9375.9376.6378.7382.0
Malaysia161.5159.6165.8166.4161.9161.9162.8164.9164.1164.0
Mexico33.735.238.341.541.441.440.441.440.440.7
Netherlands280.3287.1284.7284.5273.8273.8273.4269.3266.7263.8
New Zealand175.3173.6175.2177.2174.0174.0173.2173.0172.4172.8
Norway222.2227.9248.2255.8243.3243.3241.8239.0234.8231.8
Poland79.982.783.687.082.282.282.882.982.381.5
Portugal220.1208.2196.7184.3176.7176.7173.7170.5169.2167.1
Russia81.698.2103.999.699.399.398.298.798.198.1
Saudi Arabia42.547.160.263.359.559.559.857.255.954.3
Singapore191.6201.6204.6203.1202.7202.7199.4200.8198.7199.0
South Africa73.573.275.874.072.872.873.372.772.972.0
Spain202.0189.8177.8169.1159.8159.8158.1158.4156.7154.0
Sweden231.6233.0237.2236.9242.1242.1243.1242.4243.4241.2
Switzerland230.2229.9234.0241.0250.9250.9257.2250.9248.6244.0
Thailand156.7160.9164.4161.8158.0158.0156.9157.4157.3158.9
Türkiye71.574.579.584.684.184.184.286.793.582.5
United Kingdom167.5160.0157.8163.3163.7163.7161.3160.6159.1158.5
United States151.6150.6150.8152.6154.2154.2153.3154.0153.5153.5
Memo:
Euro area162.8164.0166.3166.2162.9162.9161.5161.3161.1159.2
 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