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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 2020 › »
 Year Quarter
2015 2016 2017 2018 2019 Q1 19 Q2 19 Q3 19 Q4 19 Q1 20
Argentina21.520.824.929.028.329.226.830.528.327.2
Australia197.1198.7193.9193.6189.3192.9191.9190.6189.3192.3
Austria141.7142.0141.5141.9141.5142.5143.5141.4141.5143.4
Belgium207.2227.9215.8210.8211.9210.9210.4212.7211.9210.9
Brazil81.874.472.574.477.074.575.076.377.081.7
Canada209.3213.8213.6216.1221.2216.9219.5221.2221.2225.8
Chile145.5142.8137.6143.5154.0143.4146.7151.9154.0159.9
China197.3203.7204.5200.6205.5204.9204.9205.5205.5217.4
Colombia68.064.162.362.060.661.261.261.460.663.3
Czechia86.787.988.491.586.190.088.887.986.186.2
Denmark245.3242.7234.5235.2247.3239.1241.8245.3247.3245.8
Finland189.4179.5186.8185.9183.7186.8185.4185.3183.7184.3
France192.4199.4200.7206.5213.1208.4210.6212.7213.1216.7
Germany117.8117.7117.7120.0121.9121.0122.0122.2121.9123.1
Greece129.6127.3120.9119.7111.1115.2113.2111.2111.1112.4
Hong Kong SAR297.5306.5343.4335.2349.2335.7341.5346.1349.2367.4
Hungary94.889.883.782.382.582.182.982.182.586.1
India101.690.892.883.891.584.185.487.891.593.6
Indonesia43.243.142.043.142.942.742.842.942.944.7
Ireland322.1304.6268.1264.7235.2263.4258.3254.4235.2244.8
Israel109.1110.3109.8110.0109.4109.9110.0108.6109.4108.0
Italy119.0114.9112.1110.4109.4109.6109.7109.8109.4111.1
Japan153.8155.5156.1159.4164.4160.4161.1162.5164.4166.0
Korea180.9181.7181.9187.4196.2188.7191.4194.0196.2200.0
Luxembourg387.7376.5370.9382.0395.4390.4393.7398.3395.4393.1
Malaysia165.8166.4161.9164.0164.2163.5165.1163.9164.2165.1
Mexico38.341.541.440.740.040.840.940.940.044.0
Netherlands284.7284.5273.8263.8249.9260.4257.2254.8249.9251.9
New Zealand175.2177.2174.0172.8170.6171.9172.4171.8170.6172.2
Norway248.2255.8243.3231.8245.9231.8236.8242.3245.9252.8
Poland83.687.082.281.578.880.879.980.278.880.9
Portugal196.7184.3176.7167.1160.9165.7164.6163.2160.9161.7
Russia103.999.699.398.198.796.095.197.098.7105.3
Saudi Arabia60.263.359.554.358.653.855.957.258.663.9
Singapore204.6203.1202.7199.0209.9199.4202.5202.9209.9212.0
South Africa75.874.072.872.072.574.072.973.772.574.5
Spain177.8169.1159.8154.0149.7154.2153.0152.2149.7150.9
Sweden237.2236.9242.1241.2250.1247.3249.0249.7250.1257.5
Switzerland234.0241.0250.9244.0265.4247.9252.3258.9265.4265.3
Thailand164.4161.8158.0158.9159.5158.4158.0157.8159.5163.0
Türkiye79.584.684.182.579.683.481.879.179.683.2
United Kingdom157.8163.3163.7158.5157.0156.1157.4158.7157.0160.4
United States150.8152.6154.2153.5153.3153.4153.6153.8153.3156.5
Memo:
Euro area166.3166.2162.9159.2158.5159.3159.5159.8158.5160.3
 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