> CTG > Table J-A > Change measure   B C Structure Help
Credit-to-GDP ratios (actual data)  1
Based on total credit to the private non-financial sector, as % of GDP  2
« ‹ Q3 2021 › »
 Year Quarter
2016 2017 2018 2019 2020 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21
Argentina20.824.929.028.329.929.029.928.525.823.9
Australia198.7193.9193.6189.3191.3193.0191.3190.3185.5183.0
Austria142.0141.5141.9141.5152.2150.8152.2156.5152.8152.7
Belgium227.9215.8210.8211.9222.4214.8222.4224.1214.5213.9
Brazil74.472.574.477.086.587.186.587.082.383.6
Canada213.8213.6216.1221.2245.0242.0245.0243.8238.3235.7
Chile142.8137.6143.5154.0158.0167.4158.0156.3148.5148.1
China203.7204.5200.6205.5222.8224.6222.8221.0218.2216.4
Colombia64.162.362.060.669.968.969.969.867.265.4
Czechia87.988.491.586.189.489.189.489.987.986.9
Denmark242.7234.5235.2247.3238.0236.7238.0238.4233.9232.3
Finland179.5186.8185.9183.7191.3189.7191.3193.4191.9190.8
France199.4200.7206.5213.1240.6236.7240.6239.1232.1230.6
Germany117.7117.7120.0121.9131.0129.6131.0132.7130.1129.6
Greece127.3120.9119.7111.1125.8122.5125.8128.9130.5126.2
Hong Kong SAR306.5343.4335.2349.2383.9392.3383.9388.5396.6381.0
Hungary89.883.782.382.591.990.491.996.994.497.2
India90.892.883.891.599.498.699.4100.593.690.6
Indonesia43.142.043.142.944.244.944.244.543.642.4
Ireland304.6268.1264.7235.2215.7224.4215.7207.6197.6193.2
Israel110.3109.8110.0109.4112.9110.8112.9114.7113.7114.4
Italy114.9112.1110.4109.4122.3120.0122.3121.9117.5115.2
Japan155.5156.1159.4164.4183.3181.0183.3184.2182.2182.0
Korea181.7181.9187.4196.2212.8210.1212.8215.0216.6218.6
Luxembourg376.5370.9382.0395.4409.0423.8409.0408.1406.4412.4
Malaysia166.4161.9164.0164.2181.8178.7181.8182.9175.9176.9
Mexico41.541.440.740.042.944.842.942.940.740.6
Netherlands284.5273.8263.8249.9253.0258.4253.0255.2249.4244.6
New Zealand177.2174.0172.8170.6174.4173.4174.4175.0170.4170.7
Norway255.8243.3231.8245.9277.7272.1277.7278.8270.3258.1
Poland87.082.281.578.880.780.480.780.177.677.3
Portugal184.3176.7167.1160.9176.6174.1176.6179.5174.4172.5
Russia99.699.398.198.7114.2113.9114.2111.6105.9103.1
Saudi Arabia63.359.554.358.678.573.378.581.880.378.3
Singapore203.1202.7199.0209.9231.8224.0231.8224.3221.6210.5
South Africa74.072.872.072.573.273.973.273.068.067.5
Spain169.1159.8154.0149.7170.2166.2170.2171.8168.6164.7
Sweden236.9242.1241.2250.1265.0264.7265.0270.2266.1265.5
Switzerland241.0250.9244.0265.4276.0278.2276.0287.8285.2284.1
Thailand161.8158.0158.9159.5181.1175.4181.1184.0181.6183.9
Türkiye84.684.182.579.689.394.889.389.084.380.2
United Kingdom163.3163.7158.5157.0176.6173.0176.6177.5172.4168.4
United States152.6154.2153.5153.3164.7163.4164.7165.0163.2161.6
Memo:
Euro area166.2162.9159.2158.5172.3170.8172.3173.4168.8167.2
 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