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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
«  Q2 2016  »
Year Quarter
2011 2012 2013 2014 2015 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16
Argentina21.122.022.819.721.519.719.721.521.120.6
Australia173.4175.5181.4186.7197.1193.5196.0197.1198.6199.9
Austria145.2143.5146.6141.9141.7142.1142.0141.7141.4141.0
Belgium199.7204.1205.1205.4207.2205.4211.5207.2223.9228.6
Brazil62.366.770.774.481.876.981.681.878.875.6
Canada179.4184.8190.3194.1209.3202.7206.5209.3208.5212.1
Chile109.2115.8124.5136.3145.5136.7145.6145.5143.5142.6
China144.8157.4170.8181.5197.3188.8192.3197.3201.8202.3
Colombia50.350.754.660.568.064.366.468.066.966.1
Czechia85.590.593.190.986.788.187.386.785.886.4
Denmark256.7257.7246.9247.5245.3244.4246.4245.3244.8245.5
Finland168.2171.5176.2182.5189.4190.7193.3189.4186.1184.4
France178.8182.9181.1186.8192.4189.8190.3192.4194.8197.2
Germany124.6123.8124.3118.2117.8118.8118.7117.8118.3118.1
Greece132.7135.1133.4132.7129.6131.1129.8129.6129.5128.9
Hong Kong SAR237.3238.9264.5284.0297.5292.8286.2297.5295.9300.9
Hungary125.8115.2107.9104.794.8100.095.994.893.794.4
India113.1113.1104.1105.9101.6101.8102.0101.697.495.7
Indonesia32.136.841.242.143.242.542.943.242.242.6
Ireland315.0314.7297.3300.0322.1364.9335.7322.1322.2322.2
Israel118.4116.0112.1110.1109.1107.9108.5109.1108.7110.2
Italy124.7126.9125.0123.0119.0122.3121.3119.0117.5117.7
Japan163.0161.0159.5157.8153.8154.1153.5153.8152.6153.0
Korea172.8175.3176.2179.6180.9179.6180.7180.9180.7181.1
Luxembourg345.8361.4364.6382.1387.7384.6385.5387.7373.8372.9
Malaysia152.9155.7161.5159.6165.8163.3164.8165.8162.8162.2
Mexico30.630.633.735.238.336.237.838.339.340.4
Netherlands275.5280.5280.3287.1284.7289.9287.2284.7283.3282.5
New Zealand178.0179.0175.3173.6175.2174.5175.2175.2175.8176.0
Norway217.3224.4222.2227.9248.2238.2243.1248.2249.9253.5
Poland77.177.379.982.783.684.384.783.684.185.1
Portugal223.2231.6220.1208.2196.7202.1199.3196.7192.7190.3
Russia63.769.581.698.2103.996.5101.9103.9102.6100.3
Saudi Arabia37.837.442.547.160.253.256.060.263.166.3
Singapore161.3175.8191.6201.6204.6201.2200.3204.6203.6205.5
South Africa70.272.773.573.275.873.974.275.876.674.7
Spain219.6211.5202.0189.8177.8184.9181.2177.8174.1174.0
Sweden223.5227.1231.6233.0237.2234.1233.4237.2232.4233.4
Switzerland221.6229.2230.2229.9234.0228.5229.9234.0239.8239.3
Thailand144.9150.1156.7160.9164.4162.0163.1164.4166.1165.4
Türkiye61.162.671.574.579.579.481.979.578.479.2
United Kingdom172.5173.1167.5160.0157.8157.0157.5157.8158.4161.8
United States156.0152.6151.6150.6150.8150.7151.0150.8151.5152.1
Memo:
Euro area165.0165.2162.8164.0166.3168.5167.8166.3166.6167.2
 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