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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
Argentina22.022.819.721.520.820.820.421.322.524.9
Australia177.0182.4188.8199.4200.7200.7197.2197.0195.3195.8
Austria143.4146.5141.8141.7142.1142.1142.9141.8141.6141.5
Belgium204.1205.1205.4207.2227.9227.9222.6219.6215.1215.8
Brazil66.770.774.481.874.474.472.872.771.372.4
Canada184.8190.3194.1209.3213.8213.8214.6214.3213.7213.6
Chile115.6124.2136.1145.3142.7142.7142.4142.1139.6137.4
China157.4170.8181.5197.3203.7203.7206.5205.9205.8204.5
Colombia50.754.660.568.064.164.163.463.562.762.3
Czechia90.593.190.986.787.987.988.588.288.188.4
Denmark257.7246.9247.5245.3242.7242.7239.9237.0235.7234.5
Finland171.5176.2182.5189.4179.5179.5181.3183.1185.5186.8
France182.9181.1186.8192.5199.4199.4200.5200.7200.4200.8
Germany123.8124.3118.2117.8117.7117.7118.7118.3118.0118.2
Greece135.2133.3132.2129.3126.9126.9125.8124.0121.8120.5
Hong Kong SAR238.5264.1283.6297.1306.2306.2316.6330.7334.9343.3
Hungary115.3107.9104.894.989.989.988.186.885.983.8
India113.1104.1105.9101.690.890.888.090.189.792.8
Indonesia36.841.242.143.243.143.141.942.141.542.0
Ireland313.2297.2301.1322.6303.8303.8301.2287.9279.6268.0
Israel116.2112.0110.0108.9109.9109.9109.2109.5110.9109.5
Italy126.9125.0123.0119.0114.9114.9114.7113.8112.0112.1
Japan161.0159.5157.8153.9155.8155.8156.3155.7155.7156.3
Korea175.3176.2179.6180.9181.7181.7181.1182.5182.2181.9
Luxembourg360.0363.7382.5388.8371.9371.9374.3370.4369.3364.0
Malaysia124.2130.4132.8136.4136.7136.7134.8134.0132.1132.7
Mexico32.035.136.539.742.842.841.140.541.142.5
Netherlands280.5280.3287.1284.8284.5284.5284.4281.0279.6273.9
New Zealand179.0175.3173.6175.3177.3177.3176.6176.1175.0174.1
Norway224.3222.2227.9248.2254.5254.5250.2248.1244.4242.1
Poland77.379.982.783.687.087.085.584.583.582.2
Portugal231.6220.1208.2196.7184.3184.3183.5181.1178.7176.7
Russia69.581.698.2103.999.699.696.897.998.799.3
Saudi Arabia40.546.050.865.168.468.467.466.564.863.4
Singapore175.0190.8200.8203.7202.3202.3198.9202.3199.3201.7
South Africa72.773.573.275.874.074.074.673.373.672.8
Spain211.5202.0189.8177.8169.1169.1168.2166.4163.2159.8
Sweden227.1231.6233.0236.7236.2236.2240.7240.1239.1240.8
Switzerland224.5225.1229.1233.2240.2240.2242.1246.5248.0250.0
Thailand145.8152.0156.0159.4156.9156.9154.6154.7152.9153.3
Türkiye62.671.574.579.584.684.684.784.683.284.1
United Kingdom172.6166.3158.9156.1161.4161.4162.0160.7161.5162.3
United States150.8150.0149.0149.0150.8150.8151.0151.7151.8152.5
Memo:
Euro area165.7163.3164.6167.0166.6166.6167.2165.7164.2163.2
 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