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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 2019 › »
Year Quarter
2014 2015 2016 2017 2018 Q1 18 Q2 18 Q3 18 Q4 18 Q1 19
Argentina17.218.718.120.722.320.823.426.022.322.0
Australia190.4201.4201.8195.4195.5196.1195.5195.6195.5194.8
Austria141.9141.9143.0141.1137.9140.7139.7139.3137.9138.7
Belgium208.3211.8232.6220.3217.2221.4222.8221.3217.2217.6
Brazil71.476.970.868.170.567.766.567.770.569.7
Canada191.4207.6212.8214.2218.5214.7216.4216.2218.5219.0
Chile134.6145.3142.6137.2144.4136.4138.1140.3144.4144.6
China187.6197.4205.1206.9204.2207.9206.9205.8204.2208.3
Colombia60.565.764.362.462.262.061.961.462.261.8
Czech Republic93.489.389.788.088.987.888.890.088.989.1
Denmark240.0237.7236.1228.3225.7226.7227.0227.0225.7223.9
Finland183.8190.7180.8185.9176.8182.3183.0182.4176.8180.6
France186.9192.6195.9199.0200.7198.8199.7200.4200.7202.2
Germany107.2107.6107.7109.3111.0108.9109.9110.8111.0111.6
Greece130.8128.1125.2117.6110.8114.8113.7112.2110.8106.1
Hong Kong SAR271.0271.1279.2302.8291.6306.4303.0294.3291.6295.0
Hungary105.896.791.986.584.985.488.286.484.983.8
India59.760.256.154.856.156.955.356.156.157.7
Indonesia39.640.740.539.440.438.939.840.340.439.8
Ireland301.0323.4301.8254.6233.7238.9237.8234.0233.7237.6
Israel111.8110.2111.0110.6111.2112.2112.1111.7111.2111.8
Italy122.6118.3115.0112.2110.5111.2111.3111.0110.5109.8
Japan158.2153.8156.5157.3160.9156.7157.6159.1160.9161.4
Korea179.6180.9181.8182.1187.6183.1184.4186.4187.6189.3
Luxembourg401.1414.4427.0401.8391.3402.9396.7395.2391.3383.6
Malaysia132.8136.4136.7132.6136.5133.7136.7136.3136.5136.4
Mexico36.539.742.842.641.841.642.541.541.841.9
Netherlands288.3286.0286.0275.4268.9276.9273.1271.8268.9266.5
New Zealand173.9176.1178.0176.4177.9176.3176.8176.9177.9177.3
Norway229.5249.6257.2245.7233.2243.2240.3235.1233.2232.6
Poland81.783.486.381.380.882.082.281.780.880.2
Portugal208.5196.1183.8176.4167.5173.4170.8169.5167.5166.1
Russia71.774.166.963.762.762.463.363.462.763.3
Saudi Arabia48.762.465.560.754.758.957.956.354.755.6
Singapore165.5167.9167.6169.1169.6167.8163.6168.4169.6170.2
South Africa69.773.371.571.272.271.771.772.772.274.8
Spain186.6174.6166.3157.3151.8155.1155.6154.0151.8152.1
Sweden235.2234.8232.7238.4243.6245.9246.1246.7243.6247.6
Switzerland223.7227.1235.2244.8246.8246.0246.7246.6246.8248.3
Thailand119.8121.9119.4116.8116.9115.9116.2116.1116.9116.6
Turkey74.979.985.285.684.685.888.595.984.685.0
United Kingdom165.4163.7168.9171.4170.7169.4171.1171.0170.7164.8
United States148.1147.8149.9151.4150.3150.5151.2150.5150.3149.9
Memo:
Euro area166.0168.3167.2164.0162.6163.7164.1164.0162.6162.4
 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