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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
Australia178.1184.5190.4201.1201.7201.7198.0197.8195.9196.3
Austria143.5146.6141.9141.7142.1142.1142.7141.5141.0141.1
Belgium205.0205.6208.4211.4232.0232.0230.4227.8223.8221.9
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
China162.0175.7187.9197.6205.4205.4208.5208.2208.4207.3
Colombia50.754.660.565.664.364.363.563.562.862.4
Czech Republic90.297.693.489.389.789.789.689.088.388.0
Denmark249.9239.4240.0237.9236.2236.2232.9230.4229.6228.0
Finland172.6177.1183.8190.7181.2181.2182.9183.8185.4186.7
France182.9181.3186.9192.6200.0200.0203.3204.1204.5205.4
Germany110.6110.4107.2107.5107.6107.6108.5108.4109.1109.1
Greece132.5132.4131.0128.2125.2125.2124.0122.1119.9118.4
Hong Kong SAR227.4250.2271.0271.1279.2279.2286.2297.8299.2302.7
Hungary116.0108.3105.195.290.490.488.787.486.684.7
India60.861.459.760.256.156.157.954.955.754.8
Indonesia34.638.839.640.740.540.539.439.639.039.4
Ireland314.1296.3301.0323.4301.8301.8288.7275.6265.0254.6
Israel118.6114.0111.8110.2111.0111.0110.2110.4112.0110.6
Italy126.4124.2122.2118.1114.5114.5114.4113.5111.8111.7
Japan161.4159.6157.4153.2156.0156.0156.6155.8155.9156.4
Korea175.3176.2179.6180.9181.8181.8181.4182.9182.6182.1
Luxembourg379.4383.8396.5404.3386.7386.7400.1407.3416.7420.6
Malaysia124.2130.4132.8136.4136.6136.6134.8134.1132.1132.6
Mexico32.035.136.539.742.842.841.140.641.242.6
Netherlands281.6281.5288.2286.0286.0286.0286.0282.6281.4275.4
New Zealand179.0175.4173.9176.0177.8177.8177.2177.1176.2176.1
Norway225.9223.5229.5249.6257.2257.2253.7252.2248.3245.6
Poland76.678.881.783.486.386.384.883.982.881.4
Portugal231.6220.1208.2196.7184.8184.8183.1180.9178.5176.2
Russia53.559.671.774.166.966.964.464.563.863.7
Saudi Arabia38.844.048.762.465.665.664.663.762.160.7
Singapore143.8156.9165.5167.9167.6167.6165.0168.0166.1169.1
South Africa70.170.069.773.371.571.572.171.672.071.2
Spain211.4202.0190.6177.9169.0169.0168.1166.2163.0160.4
Sweden227.3232.2233.4237.5235.9235.9240.4240.0238.9240.2
Switzerland226.7226.8225.8229.2237.7237.7239.7241.8244.2246.5
Thailand109.3117.0119.8121.9119.4119.4117.5117.5116.2116.8
Turkey63.072.074.979.985.285.285.985.884.685.5
United Kingdom179.6171.8162.9160.6165.4165.4166.6165.3167.0167.8
United States150.4148.8148.1147.9149.9149.9150.0150.6150.7151.3
Memo:
Euro area167.1163.8165.8168.2167.7167.7169.0167.8166.8165.8
 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