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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 2019 › »
 Year Quarter
2014 2015 2016 2017 2018 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19
Argentina19.721.520.824.929.025.428.833.229.029.2
Australia186.7197.1198.7193.9193.6194.7194.0194.1193.6192.9
Austria141.9141.7142.0141.5141.9142.3141.7141.7141.9142.5
Belgium205.4207.2227.9215.8210.8212.4213.1209.7210.8210.9
Brazil74.481.874.472.574.470.672.773.374.474.5
Canada194.1209.3213.8213.6216.1213.8215.9215.0216.1216.9
Chile136.3145.5142.8137.6143.5136.6137.9139.9143.5143.4
China181.5197.3203.7204.5200.6205.3203.8202.3200.6204.9
Colombia60.568.064.162.362.061.961.861.362.061.2
Czechia90.986.787.988.491.588.589.990.891.590.0
Denmark247.5245.3242.7234.5235.2234.5235.7235.3235.2239.1
Finland182.5189.4179.5186.8185.9186.6187.6187.6185.9186.8
France186.8192.4199.4200.7206.5202.2204.0205.5206.5208.4
Germany118.2117.8117.7117.7120.0118.6119.6120.6120.0121.0
Greece132.7129.6127.3120.9119.7120.2119.2119.2119.7115.2
Hong Kong SAR284.0297.5306.5343.4335.2349.4345.2332.7335.2335.7
Hungary104.794.889.883.782.382.885.583.782.382.1
India105.9101.690.892.883.888.486.684.583.884.1
Indonesia42.143.243.142.043.141.442.442.943.142.7
Ireland300.0322.1304.6268.1264.7259.0260.1257.7264.7263.4
Israel110.1109.1110.3109.8110.0111.2111.3110.8110.0109.9
Italy123.0119.0114.9112.1110.4111.1111.2110.8110.4109.6
Japan157.8153.8155.5156.1159.4155.6156.0157.5159.4160.4
Korea179.6180.9181.7181.9187.4182.9184.2186.1187.4188.7
Luxembourg382.1387.7376.5370.9382.0375.9376.6378.7382.0390.4
Malaysia159.6165.8166.4161.9164.0162.8164.9164.1164.0163.5
Mexico35.238.341.541.440.740.441.440.440.740.8
Netherlands287.1284.7284.5273.8263.8273.4269.3266.7263.8260.4
New Zealand173.6175.2177.2174.0172.8173.2173.0172.4172.8171.9
Norway227.9248.2255.8243.3231.8241.8239.0234.8231.8231.8
Poland82.783.687.082.281.582.882.982.381.580.8
Portugal208.2196.7184.3176.7167.1173.7170.5169.2167.1165.7
Russia98.2103.999.699.398.198.298.798.198.196.0
Saudi Arabia47.160.263.359.554.359.857.255.954.353.8
Singapore201.6204.6203.1202.7199.0199.4200.8198.7199.0199.4
South Africa73.275.874.072.872.073.372.772.972.074.0
Spain189.8177.8169.1159.8154.0158.1158.4156.7154.0154.2
Sweden233.0237.2236.9242.1241.2243.1242.4243.4241.2247.3
Switzerland229.9234.0241.0250.9244.0257.2250.9248.6244.0247.9
Thailand160.9164.4161.8158.0158.9156.9157.4157.3158.9158.4
Türkiye74.579.584.684.182.584.286.793.582.583.4
United Kingdom160.0157.8163.3163.7158.5161.3160.6159.1158.5156.1
United States150.6150.8152.6154.2153.5153.3154.0153.5153.5153.4
Memo:
Euro area164.0166.3166.2162.9159.2161.5161.3161.1159.2159.3
 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