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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
« ‹ Q1 2018 › »
 Year Quarter
2013 2014 2015 2016 2017 Q1 17 Q2 17 Q3 17 Q4 17 Q1 18
Argentina22.819.721.520.824.920.421.322.524.925.4
Australia181.4186.7197.1198.7193.9195.3195.1193.5193.9194.7
Austria146.6141.9141.7142.0141.5142.9141.9141.7141.5142.3
Belgium205.1205.4207.2227.9215.8222.6219.6215.1215.8212.4
Brazil70.774.481.874.472.572.872.671.372.570.6
Canada190.3194.1209.3213.8213.6214.5214.3213.7213.6213.8
Chile124.5136.3145.5142.8137.6142.6142.4139.9137.6136.6
China170.8181.5197.3203.7204.5206.5205.9205.8204.5205.3
Colombia54.660.568.064.162.363.463.562.762.361.9
Czechia93.190.986.787.988.488.588.288.188.488.5
Denmark246.9247.5245.3242.7234.5239.9237.0235.7234.5234.5
Finland176.2182.5189.4179.5186.8181.3183.1185.5186.8186.6
France181.1186.8192.4199.4200.7200.5200.7200.4200.7202.2
Germany124.3118.2117.8117.7117.7118.7118.3118.1117.7118.6
Greece133.4132.7129.6127.3120.9126.2124.4122.1120.9120.2
Hong Kong SAR264.5284.0297.5306.5343.4316.7330.9335.0343.4349.4
Hungary107.9104.794.889.883.788.086.785.883.782.8
India104.1105.9101.690.892.888.090.189.792.888.4
Indonesia41.242.143.243.142.041.942.141.542.041.4
Ireland297.3300.0322.1304.6268.1300.6287.3278.5268.1259.0
Israel112.1110.1109.1110.3109.8109.5109.8111.2109.8111.2
Italy125.0123.0119.0114.9112.1114.7113.7112.0112.1111.1
Japan159.5157.8153.8155.5156.1156.3155.6155.7156.1155.6
Korea176.2179.6180.9181.7181.9181.1182.5182.2181.9182.9
Luxembourg364.6382.1387.7376.5370.9378.5373.4370.3370.9375.9
Malaysia161.5159.6165.8166.4161.9164.8163.9162.1161.9162.8
Mexico33.735.238.341.541.439.939.340.041.440.4
Netherlands280.3287.1284.7284.5273.8284.6281.0279.6273.8273.4
New Zealand175.3173.6175.2177.2174.0176.4176.0174.9174.0173.2
Norway222.2227.9248.2255.8243.3251.4249.3245.7243.3241.8
Poland79.982.783.687.082.285.584.583.582.282.8
Portugal220.1208.2196.7184.3176.7183.5181.1178.7176.7173.7
Russia81.698.2103.999.699.396.897.998.799.398.2
Saudi Arabia42.547.160.263.359.562.462.261.259.559.8
Singapore191.6201.6204.6203.1202.7199.8203.1200.1202.7199.4
South Africa73.573.275.874.072.874.673.373.672.873.3
Spain202.0189.8177.8169.1159.8168.2166.4163.2159.8158.1
Sweden231.6233.0237.2236.9242.1241.7241.3240.0242.1243.1
Switzerland230.2229.9234.0241.0250.9243.1247.6248.9250.9257.2
Thailand156.7160.9164.4161.8158.0159.3159.4157.6158.0156.9
Türkiye71.574.579.584.684.184.784.683.284.184.2
United Kingdom167.5160.0157.8163.3163.7163.8162.3163.0163.7161.3
United States151.6150.6150.8152.6154.2152.8153.5153.5154.2153.3
Memo:
Euro area162.8164.0166.3166.2162.9166.7165.3163.9162.9161.5
 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