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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 2021 › »
 Year Quarter
2016 2017 2018 2019 2020 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21
Argentina20.824.929.028.329.928.929.029.928.525.8
Australia198.7193.9193.6189.3191.3192.6193.0191.3190.3185.5
Austria142.0141.5141.9141.5152.2148.9150.8152.2156.5152.8
Belgium227.9215.8210.8211.9222.4214.9214.8222.4224.1214.5
Brazil74.472.574.477.086.584.687.186.587.082.3
Canada213.8213.6216.1221.2245.0237.6242.0245.0243.8238.3
Chile142.8137.6143.5154.0158.0168.0167.4158.0156.3148.5
China203.7204.5200.6205.5222.8222.9224.6222.8221.0218.2
Colombia64.162.362.060.669.967.568.969.969.867.2
Czechia87.988.491.586.189.488.189.189.489.987.9
Denmark242.7234.5235.2247.3238.0250.3236.7238.0238.4233.9
Finland179.5186.8185.9183.7191.3188.6189.7191.3193.4191.9
France199.4200.7206.5213.1240.6232.2236.7240.6239.1232.1
Germany117.7117.7120.0121.9131.0127.8129.6131.0132.7130.1
Greece127.3120.9119.7111.1125.8116.8122.5125.8128.9130.5
Hong Kong SAR306.5343.4335.2349.2383.9372.7392.3383.9388.5396.6
Hungary89.883.782.382.591.988.190.491.996.994.4
India90.892.883.891.599.497.898.699.4100.593.6
Indonesia43.142.043.142.944.243.744.944.244.543.6
Ireland304.6268.1264.7235.2215.7243.6224.4215.7207.6197.6
Israel110.3109.8110.0109.4112.9108.9110.8112.9114.7113.7
Italy114.9112.1110.4109.4122.3116.9120.0122.3121.9117.5
Japan155.5156.1159.4164.4183.3177.7181.0183.3184.2182.2
Korea181.7181.9187.4196.2212.8205.7210.1212.8215.0216.6
Luxembourg376.5370.9382.0395.4409.0440.1423.8409.0408.1406.4
Malaysia166.4161.9164.0164.2181.8175.5178.7181.8182.9175.9
Mexico41.541.440.740.042.945.344.842.942.940.7
Netherlands284.5273.8263.8249.9253.0257.2258.4253.0255.2249.4
New Zealand177.2174.0172.8170.6174.4174.3173.4174.4175.0170.4
Norway255.8243.3231.8245.9277.7265.1272.1277.7278.8270.3
Poland87.082.281.578.880.780.980.480.780.177.6
Portugal184.3176.7167.1160.9176.6171.4174.1176.6179.5174.4
Russia99.699.398.198.7114.2107.7113.9114.2111.6105.9
Saudi Arabia63.359.554.358.678.569.773.378.581.880.3
Singapore203.1202.7199.0209.9231.8219.2224.0231.8224.3221.6
South Africa74.072.872.072.573.275.373.973.273.068.0
Spain169.1159.8154.0149.7170.2163.0166.2170.2171.8168.6
Sweden236.9242.1241.2250.1265.0262.3264.7265.0270.2266.1
Switzerland241.0250.9244.0265.4276.0272.8278.2276.0287.8285.2
Thailand161.8158.0158.9159.5181.1170.3175.4181.1184.0181.6
Türkiye84.684.182.579.689.391.594.889.389.084.3
United Kingdom163.3163.7158.5157.0176.6169.4173.0176.6177.5172.4
United States152.6154.2153.5153.3164.7162.3163.4164.7165.0163.2
Memo:
Euro area166.2162.9159.2158.5172.3168.5170.8172.3173.4168.8
 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