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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 2017  »
Year Quarter
2012 2013 2014 2015 2016 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17
Argentina19.219.817.218.718.218.217.918.719.720.8
Australia178.1184.5190.5201.4201.8201.8197.5197.2195.2195.5
Austria143.5146.5141.9141.9143.0143.0143.0141.3141.3141.1
Belgium209.3209.6208.3211.5232.3232.3228.8226.3222.5219.8
Brazil65.868.671.476.970.870.869.667.969.268.1
Canada185.1190.6191.9208.1213.2213.2214.1214.8213.3214.6
Chile116.5123.9134.9145.6143.8143.8143.4143.0140.5138.5
China161.8175.5187.4196.5204.2204.2207.1206.6206.6205.3
Colombia50.754.660.565.764.364.363.463.362.461.8
Czech Republic90.297.593.489.389.789.789.789.188.388.2
Denmark249.9239.4240.0239.1237.4237.4234.1231.6231.1229.5
Finland172.6177.1183.8191.0180.6180.6179.8181.1182.5182.1
France182.9181.2186.8192.6198.8198.8201.1201.4201.4201.8
Germany109.4110.2106.5106.1105.8105.8106.9106.6107.1106.6
Greece132.6132.0130.8128.1125.2125.2123.9122.0119.8117.6
Hong Kong SAR227.2250.0270.8270.9279.0279.0286.0297.6299.0302.8
Hungary116.6108.8105.896.892.592.590.589.088.186.0
India60.861.459.760.256.556.558.355.656.755.8
Indonesia34.638.839.640.640.540.539.439.639.039.4
Ireland314.7296.6300.8324.3300.6300.6289.7277.7266.4257.7
Israel118.5113.9111.6109.9110.5110.5109.6109.9111.5110.3
Italy127.3124.9122.7118.3115.0115.0114.9114.1112.5112.5
Japan161.9160.3158.2153.8156.5156.5157.1156.5156.7157.3
Korea183.3185.0188.9191.7192.8192.8192.5193.9193.7193.1
Luxembourg379.4383.7401.1414.4426.8426.8427.7422.7421.5412.9
Malaysia124.2130.4132.8138.5138.7138.7136.8136.0134.0134.4
Mexico32.035.136.539.742.842.841.140.641.142.5
Netherlands280.2278.6289.1287.5288.8288.8287.7285.5283.7279.2
New Zealand179.0175.4173.9176.1178.0178.0177.4177.4176.6176.5
Norway225.6223.2229.1249.0255.3255.3252.6252.8248.1246.4
Poland76.678.881.883.486.386.384.783.882.881.3
Portugal231.4220.9208.5196.1183.8183.8182.6180.2178.1175.7
Russia53.559.671.573.866.866.864.564.663.963.8
Saudi Arabia38.543.748.261.864.664.663.963.261.660.2
Singapore145.5158.1166.4168.9168.4168.4165.6168.8166.9170.0
South Africa70.170.069.773.371.371.372.171.671.971.1
Spain206.8197.3186.6174.7166.4166.4165.9164.2161.2157.7
Sweden229.7233.7235.2234.8232.7232.7237.3237.3236.9238.4
Switzerland225.3223.6223.7227.1235.6235.6237.8240.2242.8245.2
Thailand109.3117.0119.8121.9119.4119.4117.6117.5116.2116.8
Turkey63.172.074.979.985.285.286.085.984.585.7
United Kingdom182.0174.4165.4163.7168.9168.9170.8170.0170.7171.4
United States150.4148.8148.1147.9150.0150.0150.1150.6150.7151.0
Memo:
Euro area167.7164.6165.8168.0167.6167.6168.4167.0165.7164.4
 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