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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
« ‹ Q3 2022 › »
 Year Quarter
2017 2018 2019 2020 2021 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22
Argentina24.929.028.329.922.823.922.821.222.522.0
Australia193.9193.6189.3191.3180.7183.0180.7177.9176.6173.8
Austria141.5141.9141.5152.2152.8152.7152.8149.1146.9144.8
Belgium215.8210.8211.9222.4206.2213.9206.2203.9202.5202.3
Brazil72.574.477.086.584.983.684.982.384.385.6
Canada213.6216.1221.2245.0232.9235.7232.9226.7221.1218.6
Chile137.6143.5154.0158.0147.2148.1147.2141.1148.8151.1
China204.5200.6205.5222.8213.3216.4213.3217.3219.9220.5
Colombia62.362.060.669.964.265.464.263.162.261.1
Czechia88.491.586.189.486.786.986.785.984.785.8
Denmark234.5235.2247.3238.0229.0232.3229.0225.1220.4219.6
Finland186.8185.9183.7191.3189.2190.8189.2188.8187.2185.7
France200.7206.5213.1240.6229.3230.6229.3227.3225.7225.4
Germany117.7120.0121.9131.0130.2129.6130.2128.8128.1129.2
Greece120.9119.7111.1125.8122.6126.2122.6118.4115.5111.3
Hong Kong SAR343.4335.2349.2383.9368.7381.0368.7381.3384.5375.1
Hungary83.782.382.591.9100.697.2100.6101.2103.5107.1
India92.883.891.599.489.190.689.191.788.288.0
Indonesia42.043.142.944.241.842.441.841.241.740.6
Ireland268.1264.7235.2215.7192.2193.2192.2187.7184.5183.4
Israel109.8110.0109.4112.9114.9114.4114.9114.8116.1114.5
Italy112.1110.4109.4122.3114.9115.2114.9112.4110.7109.7
Japan156.1159.4164.4183.3183.7182.0183.7183.6184.3185.1
Korea181.9187.4196.2212.8219.6218.6219.6220.7222.7225.2
Luxembourg370.9382.0395.4409.0415.1412.4415.1397.3381.5386.3
Malaysia161.9164.0164.2181.8174.7176.9174.7170.7164.8156.7
Mexico41.440.740.042.940.440.640.439.839.739.3
Netherlands273.8263.8249.9253.0239.9244.6239.9235.6233.6235.1
New Zealand174.0172.8170.6174.4170.3170.7170.3169.9169.6167.3
Norway243.3231.8245.9277.7239.9258.1239.9225.4214.0200.6
Poland82.281.578.880.775.977.375.973.971.871.1
Portugal176.7167.1160.9176.6169.4172.5169.4165.2160.4157.1
Russia99.398.198.7114.299.1103.199.197.187.788.9
Saudi Arabia59.554.358.678.575.378.375.372.268.267.7
Singapore202.7199.0209.9231.8202.4210.5202.4189.8175.2169.7
South Africa72.872.072.573.265.867.565.866.166.367.1
Spain159.8154.0149.7170.2160.9164.7160.9156.2152.8149.8
Sweden242.1241.2250.1265.0270.6265.5270.6269.8266.7267.4
Switzerland250.9244.0265.4276.0279.3284.1279.3282.1281.3279.3
Thailand158.0158.9159.5181.1184.3183.9184.3183.6182.4180.2
Türkiye84.182.579.689.389.380.289.385.479.071.3
United Kingdom163.7158.5157.0176.6163.9168.4163.9157.4154.9154.2
United States154.2153.5153.3164.7160.4161.6160.4159.3158.4156.9
Memo:
Euro area162.9159.2158.5172.3165.6167.2165.6163.4161.5161.3
 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