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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 2022 › »
 Year Quarter
2017 2018 2019 2020 2021 Q2 21 Q3 21 Q4 21 Q1 22 Q2 22
Argentina24.929.028.329.922.825.823.922.821.222.5
Australia193.9193.6189.3191.3180.7185.5183.0180.7177.9176.6
Austria141.5141.9141.5152.2152.8152.8152.7152.8149.1146.9
Belgium215.8210.8211.9222.4206.2214.5213.9206.2203.9202.5
Brazil72.574.477.086.584.982.383.684.982.384.3
Canada213.6216.1221.2245.0232.9238.3235.7232.9226.7221.1
Chile137.6143.5154.0158.0147.2148.5148.1147.2141.1148.8
China204.5200.6205.5222.8213.3218.2216.4213.3217.3219.9
Colombia62.362.060.669.964.267.265.464.263.162.2
Czechia88.491.586.189.486.787.986.986.785.984.7
Denmark234.5235.2247.3238.0229.0233.9232.3229.0225.1220.4
Finland186.8185.9183.7191.3189.2191.9190.8189.2188.8187.2
France200.7206.5213.1240.6229.3232.1230.6229.3227.3225.7
Germany117.7120.0121.9131.0130.2130.1129.6130.2128.8128.1
Greece120.9119.7111.1125.8122.6130.5126.2122.6118.4115.5
Hong Kong SAR343.4335.2349.2383.9368.7396.6381.0368.7381.3384.5
Hungary83.782.382.591.9100.694.497.2100.6101.2103.5
India92.883.891.599.489.193.690.689.191.788.2
Indonesia42.043.142.944.241.843.642.441.841.241.7
Ireland268.1264.7235.2215.7192.2197.6193.2192.2187.7184.5
Israel109.8110.0109.4112.9114.9113.7114.4114.9114.8116.1
Italy112.1110.4109.4122.3114.9117.5115.2114.9112.4110.7
Japan156.1159.4164.4183.3183.7182.2182.0183.7183.6184.3
Korea181.9187.4196.2212.8219.6216.6218.6219.6220.7222.7
Luxembourg370.9382.0395.4409.0415.1406.4412.4415.1397.3381.5
Malaysia161.9164.0164.2181.8174.7175.9176.9174.7170.7164.8
Mexico41.440.740.042.940.440.740.640.439.839.7
Netherlands273.8263.8249.9253.0239.9249.4244.6239.9235.6233.6
New Zealand174.0172.8170.6174.4170.3170.4170.7170.3169.9169.6
Norway243.3231.8245.9277.7239.9270.3258.1239.9225.4214.0
Poland82.281.578.880.775.977.677.375.973.971.8
Portugal176.7167.1160.9176.6169.4174.4172.5169.4165.2160.4
Russia99.398.198.7114.299.1105.9103.199.197.187.7
Saudi Arabia59.554.358.678.575.380.378.375.372.268.2
Singapore202.7199.0209.9231.8202.4221.6210.5202.4189.8175.2
South Africa72.872.072.573.265.868.067.565.866.166.3
Spain159.8154.0149.7170.2160.9168.6164.7160.9156.2152.8
Sweden242.1241.2250.1265.0270.6266.1265.5270.6269.8266.7
Switzerland250.9244.0265.4276.0279.3285.2284.1279.3282.1281.3
Thailand158.0158.9159.5181.1184.3181.6183.9184.3183.6182.4
Türkiye84.182.579.689.389.384.380.289.385.479.0
United Kingdom163.7158.5157.0176.6163.9172.4168.4163.9157.4154.9
United States154.2153.5153.3164.7160.4163.2161.6160.4159.3158.4
Memo:
Euro area162.9159.2158.5172.3165.6168.8167.2165.6163.4161.5
 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