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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 2019 › »
 Year Quarter
2014 2015 2016 2017 2018 Q2 18 Q3 18 Q4 18 Q1 19 Q2 19
Argentina19.721.520.824.929.028.833.229.029.226.8
Australia186.7197.1198.7193.9193.6194.0194.1193.6192.9191.9
Austria141.9141.7142.0141.5141.9141.7141.7141.9142.5143.5
Belgium205.4207.2227.9215.8210.8213.1209.7210.8210.9210.4
Brazil74.481.874.472.574.472.773.374.474.575.0
Canada194.1209.3213.8213.6216.1215.9215.0216.1216.9219.5
Chile136.3145.5142.8137.6143.5137.9139.9143.5143.4146.7
China181.5197.3203.7204.5200.6203.8202.3200.6204.9204.9
Colombia60.568.064.162.362.061.861.362.061.261.2
Czechia90.986.787.988.491.589.990.891.590.088.8
Denmark247.5245.3242.7234.5235.2235.7235.3235.2239.1241.8
Finland182.5189.4179.5186.8185.9187.6187.6185.9186.8185.4
France186.8192.4199.4200.7206.5204.0205.5206.5208.4210.6
Germany118.2117.8117.7117.7120.0119.6120.6120.0121.0122.0
Greece132.7129.6127.3120.9119.7119.2119.2119.7115.2113.2
Hong Kong SAR284.0297.5306.5343.4335.2345.2332.7335.2335.7341.5
Hungary104.794.889.883.782.385.583.782.382.182.9
India105.9101.690.892.883.886.684.583.884.185.4
Indonesia42.143.243.142.043.142.442.943.142.742.8
Ireland300.0322.1304.6268.1264.7260.1257.7264.7263.4258.3
Israel110.1109.1110.3109.8110.0111.3110.8110.0109.9110.0
Italy123.0119.0114.9112.1110.4111.2110.8110.4109.6109.7
Japan157.8153.8155.5156.1159.4156.0157.5159.4160.4161.1
Korea179.6180.9181.7181.9187.4184.2186.1187.4188.7191.4
Luxembourg382.1387.7376.5370.9382.0376.6378.7382.0390.4393.7
Malaysia159.6165.8166.4161.9164.0164.9164.1164.0163.5165.1
Mexico35.238.341.541.440.741.440.440.740.840.9
Netherlands287.1284.7284.5273.8263.8269.3266.7263.8260.4257.2
New Zealand173.6175.2177.2174.0172.8173.0172.4172.8171.9172.4
Norway227.9248.2255.8243.3231.8239.0234.8231.8231.8236.8
Poland82.783.687.082.281.582.982.381.580.879.9
Portugal208.2196.7184.3176.7167.1170.5169.2167.1165.7164.6
Russia98.2103.999.699.398.198.798.198.196.095.1
Saudi Arabia47.160.263.359.554.357.255.954.353.855.9
Singapore201.6204.6203.1202.7199.0200.8198.7199.0199.4202.5
South Africa73.275.874.072.872.072.772.972.074.072.9
Spain189.8177.8169.1159.8154.0158.4156.7154.0154.2153.0
Sweden233.0237.2236.9242.1241.2242.4243.4241.2247.3249.0
Switzerland229.9234.0241.0250.9244.0250.9248.6244.0247.9252.3
Thailand160.9164.4161.8158.0158.9157.4157.3158.9158.4158.0
Türkiye74.579.584.684.182.586.793.582.583.481.8
United Kingdom160.0157.8163.3163.7158.5160.6159.1158.5156.1157.4
United States150.6150.8152.6154.2153.5154.0153.5153.5153.4153.6
Memo:
Euro area164.0166.3166.2162.9159.2161.3161.1159.2159.3159.5
 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