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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 2019 › »
 Year Quarter
2014 2015 2016 2017 2018 Q3 18 Q4 18 Q1 19 Q2 19 Q3 19
Argentina19.721.520.824.929.033.229.029.226.830.5
Australia186.7197.1198.7193.9193.6194.1193.6192.9191.9190.6
Austria141.9141.7142.0141.5141.9141.7141.9142.5143.5141.4
Belgium205.4207.2227.9215.8210.8209.7210.8210.9210.4212.7
Brazil74.481.874.472.574.473.374.474.575.076.3
Canada194.1209.3213.8213.6216.1215.0216.1216.9219.5221.2
Chile136.3145.5142.8137.6143.5139.9143.5143.4146.7151.9
China181.5197.3203.7204.5200.6202.3200.6204.9204.9205.5
Colombia60.568.064.162.362.061.362.061.261.261.4
Czechia90.986.787.988.491.590.891.590.088.887.9
Denmark247.5245.3242.7234.5235.2235.3235.2239.1241.8245.3
Finland182.5189.4179.5186.8185.9187.6185.9186.8185.4185.3
France186.8192.4199.4200.7206.5205.5206.5208.4210.6212.7
Germany118.2117.8117.7117.7120.0120.6120.0121.0122.0122.2
Greece132.7129.6127.3120.9119.7119.2119.7115.2113.2111.2
Hong Kong SAR284.0297.5306.5343.4335.2332.7335.2335.7341.5346.1
Hungary104.794.889.883.782.383.782.382.182.982.1
India105.9101.690.892.883.884.583.884.185.487.8
Indonesia42.143.243.142.043.142.943.142.742.842.9
Ireland300.0322.1304.6268.1264.7257.7264.7263.4258.3254.4
Israel110.1109.1110.3109.8110.0110.8110.0109.9110.0108.6
Italy123.0119.0114.9112.1110.4110.8110.4109.6109.7109.8
Japan157.8153.8155.5156.1159.4157.5159.4160.4161.1162.5
Korea179.6180.9181.7181.9187.4186.1187.4188.7191.4194.0
Luxembourg382.1387.7376.5370.9382.0378.7382.0390.4393.7398.3
Malaysia159.6165.8166.4161.9164.0164.1164.0163.5165.1163.9
Mexico35.238.341.541.440.740.440.740.840.940.9
Netherlands287.1284.7284.5273.8263.8266.7263.8260.4257.2254.8
New Zealand173.6175.2177.2174.0172.8172.4172.8171.9172.4171.8
Norway227.9248.2255.8243.3231.8234.8231.8231.8236.8242.3
Poland82.783.687.082.281.582.381.580.879.980.2
Portugal208.2196.7184.3176.7167.1169.2167.1165.7164.6163.2
Russia98.2103.999.699.398.198.198.196.095.197.0
Saudi Arabia47.160.263.359.554.355.954.353.855.957.2
Singapore201.6204.6203.1202.7199.0198.7199.0199.4202.5202.9
South Africa73.275.874.072.872.072.972.074.072.973.7
Spain189.8177.8169.1159.8154.0156.7154.0154.2153.0152.2
Sweden233.0237.2236.9242.1241.2243.4241.2247.3249.0249.7
Switzerland229.9234.0241.0250.9244.0248.6244.0247.9252.3258.9
Thailand160.9164.4161.8158.0158.9157.3158.9158.4158.0157.8
Türkiye74.579.584.684.182.593.582.583.481.879.1
United Kingdom160.0157.8163.3163.7158.5159.1158.5156.1157.4158.7
United States150.6150.8152.6154.2153.5153.5153.5153.4153.6153.8
Memo:
Euro area164.0166.3166.2162.9159.2161.1159.2159.3159.5159.8
 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