> CTG > Table J-A > Change measure   B C Structure Help
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
Australia178.1184.5190.4201.4201.7201.7197.5197.2195.2195.5
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
China161.8175.5187.6197.4205.1205.1208.2207.9208.0206.8
Colombia50.754.660.565.764.364.363.563.562.862.4
Czech Republic90.297.593.489.389.789.789.689.188.388.0
Denmark249.9239.4240.0237.7236.1236.1232.9230.6229.9228.3
Finland172.6177.1183.8190.7180.7180.7179.9181.1182.5182.0
France182.9181.2186.8192.6196.4196.4198.7198.9199.0199.3
Germany110.0109.7106.8106.9106.8106.8107.7107.6108.2108.2
Greece132.4132.2130.8128.1125.2125.2124.0122.1119.8117.6
Hong Kong SAR227.4250.2271.0271.1279.3279.3286.2297.7299.2302.8
Hungary116.6108.8105.896.791.991.990.289.088.386.4
India60.861.459.760.256.156.157.954.955.754.8
Indonesia34.638.839.640.740.540.539.439.639.039.4
Ireland314.7296.6300.8324.3300.5300.5289.7277.7266.4257.7
Israel118.5113.9111.6110.0110.8110.8110.0110.2111.9110.7
Italy127.3124.9122.7118.3115.0115.0114.9114.0112.5112.4
Japan161.9160.3158.2153.8156.5156.5157.1156.5156.7157.4
Korea183.3185.0188.9191.7192.8192.8192.5193.9193.7193.1
Luxembourg379.4383.7401.1414.4427.0427.0418.3413.1411.0401.7
Malaysia124.1130.4132.8136.4136.7136.7134.9134.0132.1132.6
Mexico32.035.136.539.742.842.841.140.641.142.5
Netherlands280.2278.6289.1287.4288.7288.7287.7285.6283.7279.2
New Zealand179.0175.4173.9176.1178.0178.0177.4177.3176.5176.4
Norway225.6223.2229.1249.0255.3255.3252.6252.8248.1246.5
Poland76.678.881.883.486.386.384.783.882.881.3
Portugal231.4220.9208.5196.1183.8183.8182.5180.1178.4176.4
Russia53.559.671.774.166.966.964.464.563.863.7
Saudi Arabia38.543.748.261.864.764.763.863.061.460.0
Singapore145.5158.1166.4168.9168.4168.4165.6168.8166.9170.0
South Africa70.170.069.773.371.571.572.171.672.071.2
Spain206.8197.3186.7174.7166.5166.5166.0164.3161.3157.5
Sweden229.7233.7235.2234.8232.7232.7237.3237.4236.9238.4
Switzerland225.3223.6223.7227.1235.6235.6237.8240.2242.8245.2
Thailand109.3117.0119.8121.9119.4119.4117.6117.5116.2116.8
Turkey63.072.074.979.985.285.285.985.984.685.7
United Kingdom182.0174.4165.4163.7168.9168.9170.8170.0170.7171.4
United States150.5148.9148.1147.9150.1150.1150.3150.8150.9151.7
Memo:
Euro area167.5164.1165.5167.9167.0167.0167.7166.3165.1163.9
 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