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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 2021 › »
 Year Quarter
2016 2017 2018 2019 2020 Q1 20 Q2 20 Q3 20 Q4 20 Q1 21
Argentina20.824.929.028.329.927.228.929.029.928.5
Australia198.7193.9193.6189.3191.3192.3192.6193.0191.3190.3
Austria142.0141.5141.9141.5152.2143.4148.9150.8152.2156.5
Belgium227.9215.8210.8211.9222.4210.9214.9214.8222.4224.1
Brazil74.472.574.477.086.581.784.687.186.587.0
Canada213.8213.6216.1221.2245.0225.8237.6242.0245.0243.8
Chile142.8137.6143.5154.0158.0159.9168.0167.4158.0156.3
China203.7204.5200.6205.5222.8217.4222.9224.6222.8221.0
Colombia64.162.362.060.669.963.367.568.969.969.8
Czechia87.988.491.586.189.486.288.189.189.489.9
Denmark242.7234.5235.2247.3238.0245.8250.3236.7238.0238.4
Finland179.5186.8185.9183.7191.3184.3188.6189.7191.3193.4
France199.4200.7206.5213.1240.6216.7232.2236.7240.6239.1
Germany117.7117.7120.0121.9131.0123.1127.8129.6131.0132.7
Greece127.3120.9119.7111.1125.8112.4116.8122.5125.8128.9
Hong Kong SAR306.5343.4335.2349.2383.9367.4372.7392.3383.9388.5
Hungary89.883.782.382.591.986.188.190.491.996.9
India90.892.883.891.599.493.697.898.699.4100.5
Indonesia43.142.043.142.944.244.743.744.944.244.5
Ireland304.6268.1264.7235.2215.7244.8243.6224.4215.7207.6
Israel110.3109.8110.0109.4112.9108.0108.9110.8112.9114.7
Italy114.9112.1110.4109.4122.3111.1116.9120.0122.3121.9
Japan155.5156.1159.4164.4183.3166.0177.7181.0183.3184.2
Korea181.7181.9187.4196.2212.8200.0205.7210.1212.8215.0
Luxembourg376.5370.9382.0395.4409.0393.1440.1423.8409.0408.1
Malaysia166.4161.9164.0164.2181.8165.1175.5178.7181.8182.9
Mexico41.541.440.740.042.944.045.344.842.942.9
Netherlands284.5273.8263.8249.9253.0251.9257.2258.4253.0255.2
New Zealand177.2174.0172.8170.6174.4172.2174.3173.4174.4175.0
Norway255.8243.3231.8245.9277.7252.8265.1272.1277.7278.8
Poland87.082.281.578.880.780.980.980.480.780.1
Portugal184.3176.7167.1160.9176.6161.7171.4174.1176.6179.5
Russia99.699.398.198.7114.2105.3107.7113.9114.2111.6
Saudi Arabia63.359.554.358.678.563.969.773.378.581.8
Singapore203.1202.7199.0209.9231.8212.0219.2224.0231.8224.3
South Africa74.072.872.072.573.274.575.373.973.273.0
Spain169.1159.8154.0149.7170.2150.9163.0166.2170.2171.8
Sweden236.9242.1241.2250.1265.0257.5262.3264.7265.0270.2
Switzerland241.0250.9244.0265.4276.0265.3272.8278.2276.0287.8
Thailand161.8158.0158.9159.5181.1163.0170.3175.4181.1184.0
Türkiye84.684.182.579.689.383.291.594.889.389.0
United Kingdom163.3163.7158.5157.0176.6160.4169.4173.0176.6177.5
United States152.6154.2153.5153.3164.7156.5162.3163.4164.7165.0
Memo:
Euro area166.2162.9159.2158.5172.3160.3168.5170.8172.3173.4
 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