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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
«  Q4 2015  »
Year Quarter
2010 2011 2012 2013 2014 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15
Argentina21.121.122.022.819.719.719.419.719.721.5
Australia177.9173.4175.5181.4186.7186.7190.9193.5196.0197.1
Austria147.6145.2143.5146.6141.9141.9143.9142.1142.0141.7
Belgium189.5199.7204.1205.1205.4205.4214.4205.4211.5207.2
Brazil59.062.366.770.774.474.477.376.981.681.8
Canada180.0179.4184.8190.3194.1194.1200.4202.7206.5209.3
Chile102.8109.2115.8124.5136.3136.3136.4136.7145.6145.5
China145.1144.8157.4170.8181.5181.5185.9188.8192.3197.3
Colombia48.950.350.754.660.560.562.064.366.468.0
Czechia82.385.590.593.190.990.989.688.187.386.7
Denmark249.9256.7257.7246.9247.5247.5247.5244.4246.4245.3
Finland167.2168.2171.5176.2182.5182.5187.2190.7193.3189.4
France172.6178.8182.9181.1186.8186.8189.5189.8190.3192.4
Germany129.6124.6123.8124.3118.2118.2118.9118.8118.7117.8
Greece129.2132.7135.1133.4132.7132.7132.3131.1129.8129.6
Hong Kong SAR224.8237.3238.9264.5284.0284.0293.2292.8286.2297.5
Hungary125.7125.8115.2107.9104.7104.799.6100.095.994.8
India113.6113.1113.1104.1105.9105.9104.3101.8102.0101.6
Indonesia28.732.136.841.242.142.141.642.542.943.2
Ireland310.2315.0314.7297.3300.0300.0400.6364.9335.7322.1
Israel121.1118.4116.0112.1110.1110.1110.1107.9108.5109.1
Italy125.8124.7126.9125.0123.0123.0123.1122.3121.3119.0
Japan162.7163.0161.0159.5157.8157.8156.6154.1153.5153.8
Korea168.7172.8175.3176.2179.6179.6179.6179.6180.7180.9
Luxembourg331.4345.8361.4364.6382.1382.1388.7384.6385.5387.7
Malaysia150.5152.9155.7161.5159.6159.6161.6163.3164.8165.8
Mexico28.530.630.633.735.235.235.536.237.838.3
Netherlands264.0275.5280.5280.3287.1287.1292.1289.9287.2284.7
New Zealand186.9178.0179.0175.3173.6173.6174.3174.5175.2175.2
Norway224.5217.3224.4222.2227.9227.9233.9238.2243.1248.2
Poland73.277.177.379.982.782.783.584.384.783.6
Portugal218.0223.2231.6220.1208.2208.2205.3202.1199.3196.7
Russia63.163.769.581.698.298.298.796.5101.9103.9
Saudi Arabia44.637.837.442.547.147.149.853.256.060.2
Singapore147.8161.3175.8191.6201.6201.6198.1201.2200.3204.6
South Africa72.970.272.773.573.273.274.273.974.275.8
Spain224.0219.6211.5202.0189.8189.8189.2184.9181.2177.8
Sweden220.1223.5227.1231.6233.0233.0236.2234.1233.4237.2
Switzerland214.7221.6229.2230.2229.9229.9229.4228.5229.9234.0
Thailand133.8144.9150.1156.7160.9160.9160.7162.0163.1164.4
Türkiye55.961.162.671.574.574.577.179.481.979.5
United Kingdom177.0172.5173.1167.5160.0160.0160.4157.0157.5157.8
United States160.6156.0152.6151.6150.6150.6150.0150.7151.0150.8
Memo:
Euro area164.1165.0165.2162.8164.0164.0169.9168.5167.8166.3
 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