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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
Argentina19.219.817.218.718.118.117.818.619.620.7
Australia178.1184.5190.4201.4201.8201.8197.6197.2195.2195.4
Austria143.5146.5141.9141.9143.0143.0143.0141.3141.3141.1
Belgium209.3209.6208.3211.8232.6232.6229.2226.6222.9220.3
Brazil65.868.671.476.970.870.869.667.969.268.1
Canada184.7190.1191.4207.6212.8212.8213.6214.3212.9214.2
Chile116.2123.4134.6145.3142.6142.6142.0141.4139.6137.2
China161.8175.5187.6197.4205.1205.1208.2207.9208.0206.9
Colombia50.754.660.565.764.364.363.563.662.862.4
Czech Republic90.297.693.489.389.789.789.689.088.388.0
Denmark249.9239.4240.0237.7236.1236.1232.9230.6229.9228.3
Finland172.6177.1183.8190.7180.8180.8180.6182.9185.4185.9
France182.9181.3186.9192.6195.9195.9198.2198.5198.6199.0
Germany110.5110.3107.2107.6107.7107.7108.6108.6109.4109.3
Greece132.4132.2130.8128.1125.2125.2124.0122.1119.8117.6
Hong Kong SAR227.4250.2271.0271.1279.2279.2286.2297.7299.2302.8
Hungary116.6108.8105.896.791.991.990.289.088.486.5
India60.861.459.760.256.156.157.954.955.754.8
Indonesia34.638.839.640.740.540.539.439.639.039.4
Ireland314.1296.3301.0323.4301.8301.8288.8275.6265.0254.6
Israel118.6114.0111.8110.2111.0111.0110.2110.4112.0110.6
Italy127.2124.8122.6118.3115.0115.0114.8113.9112.3112.2
Japan161.9160.3158.2153.8156.5156.5156.9156.4156.6157.3
Korea175.3176.2179.6180.9181.8181.8181.4182.9182.6182.1
Luxembourg379.4383.7401.1414.4427.0427.0418.5413.5411.3401.8
Malaysia124.1130.4132.8136.4136.7136.7134.8134.0132.1132.6
Mexico32.035.136.539.742.842.841.140.641.242.6
Netherlands281.6281.4288.3286.0286.0286.0286.0282.6281.4275.4
New Zealand179.0175.4173.9176.1178.0178.0177.4177.3176.6176.4
Norway225.9223.5229.5249.6257.2257.2253.6252.1248.4245.7
Poland76.678.881.783.486.386.384.783.882.781.3
Portugal231.4220.9208.5196.1183.8183.8182.5180.1178.4176.4
Russia53.559.671.774.166.966.964.464.563.863.7
Saudi Arabia38.844.048.762.465.565.564.663.762.160.7
Singapore143.8156.9165.5167.9167.6167.6165.0168.0166.1169.1
South Africa70.170.069.773.371.571.572.171.672.071.2
Spain206.8197.3186.6174.6166.3166.3165.8164.1161.1157.3
Sweden229.7233.7235.2234.8232.7232.7237.4237.4236.9238.4
Switzerland225.3223.6223.7227.1235.2235.2237.4239.6242.3244.8
Thailand109.3117.0119.8121.9119.4119.4117.5117.5116.2116.8
Turkey63.072.074.979.985.285.285.985.984.685.6
United Kingdom182.0174.4165.4163.7168.9168.9170.8170.0170.7171.4
United States150.5148.8148.1147.8149.9149.9150.1150.7150.8151.4
Memo:
Euro area167.9164.6166.0168.3167.2167.2167.9166.6165.4164.0
 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