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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 2021 › »
Year Quarter
2016 2017 2018 2019 2020 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21
Argentina20.824.929.027.929.628.728.929.628.425.6
Australia200.2195.3194.7190.4194.5194.5195.5194.5194.0189.4
Austria142.1141.5141.9141.9152.8149.4151.3152.8156.7152.0
Belgium229.2216.7210.8212.8221.4220.6220.9221.4221.4213.3
Brazil78.376.877.981.090.883.487.090.890.189.1
Canada213.8213.5216.6220.1244.8235.7240.8244.8241.2234.8
Chile144.1138.9145.7157.9164.2173.3172.5164.2162.5154.1
China203.7204.5200.6205.5222.3222.8224.3222.3220.4218.0
Colombia64.362.462.060.666.765.966.466.766.764.6
Czech Republic87.988.391.585.989.787.889.089.790.188.2
Denmark242.7234.5235.2246.8244.0249.0243.2244.0243.0237.4
Finland179.5186.8186.4184.1193.8187.9189.9193.8194.6192.7
France199.5200.8204.2211.8239.4230.8235.3239.4238.9232.6
Germany117.6117.7118.6120.4130.3126.8128.8130.3132.2130.1
Greece127.1120.6119.3111.0124.6115.9121.3124.6127.3128.6
Hong Kong SAR306.2343.3335.1349.8382.7372.5391.2382.7387.9395.6
Hungary89.983.882.282.291.387.490.591.396.193.7
India91.987.686.887.295.293.094.395.296.990.4
Indonesia43.142.043.143.044.243.744.944.244.543.6
Ireland304.2269.7265.9235.0216.4242.9224.1216.4212.5203.6
Israel110.9110.4110.4109.8114.3109.4111.6114.3116.6116.0
Italy115.0112.1110.4109.4121.8117.0119.8121.8122.5118.3
Japan155.5155.8159.2163.4182.3176.7180.0182.3183.1182.0
Korea181.7181.9187.4196.2213.7205.8210.5213.7216.2218.1
Luxembourg378.1375.4381.9400.8411.0449.4421.8411.0411.0390.3
Malaysia136.7132.7136.5136.6149.9144.1147.2149.9150.6143.9
Mexico42.842.541.841.144.946.846.644.944.942.4
Netherlands286.2275.9266.0252.1253.8259.1259.4253.8257.1253.7
New Zealand177.2173.9172.5170.9175.0174.4173.4175.0175.9171.2
Norway256.9244.9233.1247.9270.4265.4269.1270.4267.8258.6
Poland86.681.881.578.580.580.480.080.580.077.8
Portugal184.3176.7167.1160.9175.7170.8173.5175.7178.3174.2
Russia99.699.397.696.5109.7105.8111.8109.7108.1105.1
Saudi Arabia68.463.457.363.185.975.980.885.989.487.6
Singapore166.0165.4162.9173.8194.6182.1186.3194.6191.5193.4
South Africa74.172.972.172.873.775.774.473.773.768.9
Spain169.2159.9153.6149.4169.4162.2165.2169.4171.2168.0
Sweden236.1240.7246.9254.4269.5263.4266.3269.5277.6274.0
Switzerland237.6246.8239.3256.2269.6262.9265.9269.6279.9278.3
Thailand119.1116.5116.6115.9131.2123.9127.1131.2133.3131.1
Turkey84.684.082.779.889.691.595.289.689.384.6
United Kingdom159.4161.6156.3154.8166.6164.4164.7166.6164.9160.3
United States150.8152.4151.6151.4164.8161.1162.8164.8165.8161.3
Memo:
Euro area167.0163.5161.6161.1175.2171.3173.4175.2177.3173.0
 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