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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 2020 › »
 Year Quarter
2015 2016 2017 2018 2019 Q4 19 Q1 20 Q2 20 Q3 20 Q4 20
Argentina21.520.824.929.028.328.327.228.929.029.9
Australia197.1198.7193.9193.6189.3189.3192.3192.6193.0191.3
Austria141.7142.0141.5141.9141.5141.5143.4148.9150.8152.2
Belgium207.2227.9215.8210.8211.9211.9210.9214.9214.8222.4
Brazil81.874.472.574.477.077.081.784.687.186.5
Canada209.3213.8213.6216.1221.2221.2225.8237.6242.0245.0
Chile145.5142.8137.6143.5154.0154.0159.9168.0167.4158.0
China197.3203.7204.5200.6205.5205.5217.4222.9224.6222.8
Colombia68.064.162.362.060.660.663.367.568.969.9
Czechia86.787.988.491.586.186.186.288.189.189.4
Denmark245.3242.7234.5235.2247.3247.3245.8250.3236.7238.0
Finland189.4179.5186.8185.9183.7183.7184.3188.6189.7191.3
France192.4199.4200.7206.5213.1213.1216.7232.2236.7240.6
Germany117.8117.7117.7120.0121.9121.9123.1127.8129.6131.0
Greece129.6127.3120.9119.7111.1111.1112.4116.8122.5125.8
Hong Kong SAR297.5306.5343.4335.2349.2349.2367.4372.7392.3383.9
Hungary94.889.883.782.382.582.586.188.190.491.9
India101.690.892.883.891.591.593.697.898.699.4
Indonesia43.243.142.043.142.942.944.743.744.944.2
Ireland322.1304.6268.1264.7235.2235.2244.8243.6224.4215.7
Israel109.1110.3109.8110.0109.4109.4108.0108.9110.8112.9
Italy119.0114.9112.1110.4109.4109.4111.1116.9120.0122.3
Japan153.8155.5156.1159.4164.4164.4166.0177.7181.0183.3
Korea180.9181.7181.9187.4196.2196.2200.0205.7210.1212.8
Luxembourg387.7376.5370.9382.0395.4395.4393.1440.1423.8409.0
Malaysia165.8166.4161.9164.0164.2164.2165.1175.5178.7181.8
Mexico38.341.541.440.740.040.044.045.344.842.9
Netherlands284.7284.5273.8263.8249.9249.9251.9257.2258.4253.0
New Zealand175.2177.2174.0172.8170.6170.6172.2174.3173.4174.4
Norway248.2255.8243.3231.8245.9245.9252.8265.1272.1277.7
Poland83.687.082.281.578.878.880.980.980.480.7
Portugal196.7184.3176.7167.1160.9160.9161.7171.4174.1176.6
Russia103.999.699.398.198.798.7105.3107.7113.9114.2
Saudi Arabia60.263.359.554.358.658.663.969.773.378.5
Singapore204.6203.1202.7199.0209.9209.9212.0219.2224.0231.8
South Africa75.874.072.872.072.572.574.575.373.973.2
Spain177.8169.1159.8154.0149.7149.7150.9163.0166.2170.2
Sweden237.2236.9242.1241.2250.1250.1257.5262.3264.7265.0
Switzerland234.0241.0250.9244.0265.4265.4265.3272.8278.2276.0
Thailand164.4161.8158.0158.9159.5159.5163.0170.3175.4181.1
Türkiye79.584.684.182.579.679.683.291.594.889.3
United Kingdom157.8163.3163.7158.5157.0157.0160.4169.4173.0176.6
United States150.8152.6154.2153.5153.3153.3156.5162.3163.4164.7
Memo:
Euro area166.3166.2162.9159.2158.5158.5160.3168.5170.8172.3
 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