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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 2020 › »
 Year Quarter
2015 2016 2017 2018 2019 Q2 19 Q3 19 Q4 19 Q1 20 Q2 20
Argentina21.520.824.929.028.326.830.528.327.228.9
Australia197.1198.7193.9193.6189.3191.9190.6189.3192.3192.6
Austria141.7142.0141.5141.9141.5143.5141.4141.5143.4148.9
Belgium207.2227.9215.8210.8211.9210.4212.7211.9210.9214.9
Brazil81.874.472.574.477.075.076.377.081.784.6
Canada209.3213.8213.6216.1221.2219.5221.2221.2225.8237.6
Chile145.5142.8137.6143.5154.0146.7151.9154.0159.9168.0
China197.3203.7204.5200.6205.5204.9205.5205.5217.4222.9
Colombia68.064.162.362.060.661.261.460.663.367.5
Czechia86.787.988.491.586.188.887.986.186.288.1
Denmark245.3242.7234.5235.2247.3241.8245.3247.3245.8250.3
Finland189.4179.5186.8185.9183.7185.4185.3183.7184.3188.6
France192.4199.4200.7206.5213.1210.6212.7213.1216.7232.2
Germany117.8117.7117.7120.0121.9122.0122.2121.9123.1127.8
Greece129.6127.3120.9119.7111.1113.2111.2111.1112.4116.8
Hong Kong SAR297.5306.5343.4335.2349.2341.5346.1349.2367.4372.7
Hungary94.889.883.782.382.582.982.182.586.188.1
India101.690.892.883.891.585.487.891.593.697.8
Indonesia43.243.142.043.142.942.842.942.944.743.7
Ireland322.1304.6268.1264.7235.2258.3254.4235.2244.8243.6
Israel109.1110.3109.8110.0109.4110.0108.6109.4108.0108.9
Italy119.0114.9112.1110.4109.4109.7109.8109.4111.1116.9
Japan153.8155.5156.1159.4164.4161.1162.5164.4166.0177.7
Korea180.9181.7181.9187.4196.2191.4194.0196.2200.0205.7
Luxembourg387.7376.5370.9382.0395.4393.7398.3395.4393.1440.1
Malaysia165.8166.4161.9164.0164.2165.1163.9164.2165.1175.5
Mexico38.341.541.440.740.040.940.940.044.045.3
Netherlands284.7284.5273.8263.8249.9257.2254.8249.9251.9257.2
New Zealand175.2177.2174.0172.8170.6172.4171.8170.6172.2174.3
Norway248.2255.8243.3231.8245.9236.8242.3245.9252.8265.1
Poland83.687.082.281.578.879.980.278.880.980.9
Portugal196.7184.3176.7167.1160.9164.6163.2160.9161.7171.4
Russia103.999.699.398.198.795.197.098.7105.3107.7
Saudi Arabia60.263.359.554.358.655.957.258.663.969.7
Singapore204.6203.1202.7199.0209.9202.5202.9209.9212.0219.2
South Africa75.874.072.872.072.572.973.772.574.575.3
Spain177.8169.1159.8154.0149.7153.0152.2149.7150.9163.0
Sweden237.2236.9242.1241.2250.1249.0249.7250.1257.5262.3
Switzerland234.0241.0250.9244.0265.4252.3258.9265.4265.3272.8
Thailand164.4161.8158.0158.9159.5158.0157.8159.5163.0170.3
Türkiye79.584.684.182.579.681.879.179.683.291.5
United Kingdom157.8163.3163.7158.5157.0157.4158.7157.0160.4169.4
United States150.8152.6154.2153.5153.3153.6153.8153.3156.5162.3
Memo:
Euro area166.3166.2162.9159.2158.5159.5159.8158.5160.3168.5
 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