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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
« ‹ Q3 2020 › »
 Year Quarter
2015 2016 2017 2018 2019 Q3 19 Q4 19 Q1 20 Q2 20 Q3 20
Argentina21.520.824.929.028.330.528.327.228.929.0
Australia197.1198.7193.9193.6189.3190.6189.3192.3192.6193.0
Austria141.7142.0141.5141.9141.5141.4141.5143.4148.9150.8
Belgium207.2227.9215.8210.8211.9212.7211.9210.9214.9214.8
Brazil81.874.472.574.477.076.377.081.784.687.1
Canada209.3213.8213.6216.1221.2221.2221.2225.8237.6242.0
Chile145.5142.8137.6143.5154.0151.9154.0159.9168.0167.4
China197.3203.7204.5200.6205.5205.5205.5217.4222.9224.6
Colombia68.064.162.362.060.661.460.663.367.568.9
Czechia86.787.988.491.586.187.986.186.288.189.1
Denmark245.3242.7234.5235.2247.3245.3247.3245.8250.3236.7
Finland189.4179.5186.8185.9183.7185.3183.7184.3188.6189.7
France192.4199.4200.7206.5213.1212.7213.1216.7232.2236.7
Germany117.8117.7117.7120.0121.9122.2121.9123.1127.8129.6
Greece129.6127.3120.9119.7111.1111.2111.1112.4116.8122.5
Hong Kong SAR297.5306.5343.4335.2349.2346.1349.2367.4372.7392.3
Hungary94.889.883.782.382.582.182.586.188.190.4
India101.690.892.883.891.587.891.593.697.898.6
Indonesia43.243.142.043.142.942.942.944.743.744.9
Ireland322.1304.6268.1264.7235.2254.4235.2244.8243.6224.4
Israel109.1110.3109.8110.0109.4108.6109.4108.0108.9110.8
Italy119.0114.9112.1110.4109.4109.8109.4111.1116.9120.0
Japan153.8155.5156.1159.4164.4162.5164.4166.0177.7181.0
Korea180.9181.7181.9187.4196.2194.0196.2200.0205.7210.1
Luxembourg387.7376.5370.9382.0395.4398.3395.4393.1440.1423.8
Malaysia165.8166.4161.9164.0164.2163.9164.2165.1175.5178.7
Mexico38.341.541.440.740.040.940.044.045.344.8
Netherlands284.7284.5273.8263.8249.9254.8249.9251.9257.2258.4
New Zealand175.2177.2174.0172.8170.6171.8170.6172.2174.3173.4
Norway248.2255.8243.3231.8245.9242.3245.9252.8265.1272.1
Poland83.687.082.281.578.880.278.880.980.980.4
Portugal196.7184.3176.7167.1160.9163.2160.9161.7171.4174.1
Russia103.999.699.398.198.797.098.7105.3107.7113.9
Saudi Arabia60.263.359.554.358.657.258.663.969.773.3
Singapore204.6203.1202.7199.0209.9202.9209.9212.0219.2224.0
South Africa75.874.072.872.072.573.772.574.575.373.9
Spain177.8169.1159.8154.0149.7152.2149.7150.9163.0166.2
Sweden237.2236.9242.1241.2250.1249.7250.1257.5262.3264.7
Switzerland234.0241.0250.9244.0265.4258.9265.4265.3272.8278.2
Thailand164.4161.8158.0158.9159.5157.8159.5163.0170.3175.4
Türkiye79.584.684.182.579.679.179.683.291.594.8
United Kingdom157.8163.3163.7158.5157.0158.7157.0160.4169.4173.0
United States150.8152.6154.2153.5153.3153.8153.3156.5162.3163.4
Memo:
Euro area166.3166.2162.9159.2158.5159.8158.5160.3168.5170.8
 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