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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
« ‹ Q1 2022 › »
 Year Quarter
2017 2018 2019 2020 2021 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Argentina24.929.028.329.922.828.525.823.922.821.2
Australia193.9193.6189.3191.3180.7190.3185.5183.0180.7177.9
Austria141.5141.9141.5152.2152.8156.5152.8152.7152.8149.1
Belgium215.8210.8211.9222.4206.2224.1214.5213.9206.2203.9
Brazil72.574.477.086.584.987.082.383.684.982.3
Canada213.6216.1221.2245.0232.9243.8238.3235.7232.9226.7
Chile137.6143.5154.0158.0147.2156.3148.5148.1147.2141.1
China204.5200.6205.5222.8213.3221.0218.2216.4213.3217.3
Colombia62.362.060.669.964.269.867.265.464.263.1
Czechia88.491.586.189.486.789.987.986.986.785.9
Denmark234.5235.2247.3238.0229.0238.4233.9232.3229.0225.1
Finland186.8185.9183.7191.3189.2193.4191.9190.8189.2188.8
France200.7206.5213.1240.6229.3239.1232.1230.6229.3227.3
Germany117.7120.0121.9131.0130.2132.7130.1129.6130.2128.8
Greece120.9119.7111.1125.8122.6128.9130.5126.2122.6118.4
Hong Kong SAR343.4335.2349.2383.9368.7388.5396.6381.0368.7381.3
Hungary83.782.382.591.9100.696.994.497.2100.6101.2
India92.883.891.599.489.1100.593.690.689.191.7
Indonesia42.043.142.944.241.844.543.642.441.841.2
Ireland268.1264.7235.2215.7192.2207.6197.6193.2192.2187.7
Israel109.8110.0109.4112.9114.9114.7113.7114.4114.9114.8
Italy112.1110.4109.4122.3114.9121.9117.5115.2114.9112.4
Japan156.1159.4164.4183.3183.7184.2182.2182.0183.7183.6
Korea181.9187.4196.2212.8219.6215.0216.6218.6219.6220.7
Luxembourg370.9382.0395.4409.0415.1408.1406.4412.4415.1397.3
Malaysia161.9164.0164.2181.8174.7182.9175.9176.9174.7170.7
Mexico41.440.740.042.940.442.940.740.640.439.8
Netherlands273.8263.8249.9253.0239.9255.2249.4244.6239.9235.6
New Zealand174.0172.8170.6174.4170.3175.0170.4170.7170.3169.9
Norway243.3231.8245.9277.7239.9278.8270.3258.1239.9225.4
Poland82.281.578.880.775.980.177.677.375.973.9
Portugal176.7167.1160.9176.6169.4179.5174.4172.5169.4165.2
Russia99.398.198.7114.299.1111.6105.9103.199.197.1
Saudi Arabia59.554.358.678.575.381.880.378.375.372.2
Singapore202.7199.0209.9231.8202.4224.3221.6210.5202.4189.8
South Africa72.872.072.573.265.873.068.067.565.866.1
Spain159.8154.0149.7170.2160.9171.8168.6164.7160.9156.2
Sweden242.1241.2250.1265.0270.6270.2266.1265.5270.6269.8
Switzerland250.9244.0265.4276.0279.3287.8285.2284.1279.3282.1
Thailand158.0158.9159.5181.1184.3184.0181.6183.9184.3183.6
Türkiye84.182.579.689.389.389.084.380.289.385.4
United Kingdom163.7158.5157.0176.6163.9177.5172.4168.4163.9157.4
United States154.2153.5153.3164.7160.4165.0163.2161.6160.4159.3
Memo:
Euro area162.9159.2158.5172.3165.6173.4168.8167.2165.6163.4
 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