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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
« ‹ Q3 2022 › »
 Year Quarter
2017 2018 2019 2020 2021 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22
Argentina24.929.028.329.922.924.022.921.322.521.9
Australia195.8195.4191.4193.7183.5185.7183.5181.2180.3177.5
Austria141.5141.9141.5152.8152.0151.0152.0149.7148.2148.3
Belgium215.8210.6211.7222.0209.4214.2209.4205.3201.8199.9
Brazil72.474.477.086.485.984.485.983.385.587.0
Canada213.6216.2220.1245.7230.2233.1230.2224.3218.9217.0
Chile137.4143.2153.7159.0146.7147.5146.7140.8147.9150.5
China204.5200.6205.6222.9213.4216.4213.4217.0219.2219.7
Colombia62.362.060.669.965.166.065.164.163.262.2
Czechia88.491.586.189.486.486.786.485.884.685.8
Denmark234.5235.2247.3245.0240.4244.1240.4227.0219.8216.0
Finland186.8185.8183.7191.2188.3190.1188.3183.7180.5176.9
France200.8206.5214.3244.8235.4236.7235.4232.8230.9230.6
Germany118.2120.5122.5131.3130.2130.1130.2128.9128.1129.2
Greece120.5119.4110.7124.8121.1125.3121.1116.9114.0110.9
Hong Kong SAR343.3335.1349.3384.0368.3380.2368.3380.8384.5374.0
Hungary83.882.282.492.099.596.599.5100.4102.9106.0
India92.883.891.599.688.790.588.791.087.887.7
Indonesia42.043.142.944.241.842.441.841.241.740.6
Ireland268.0265.1235.3216.5195.6196.3195.6190.6186.9185.7
Israel109.5109.6108.6112.6115.3114.6115.3114.9116.2114.6
Italy112.1110.4109.3121.8116.5116.2116.5114.2112.9112.2
Japan156.3159.5164.5183.6184.3182.2184.3183.5184.1184.7
Korea181.9187.4196.2212.8219.5218.9219.5220.7222.1224.5
Luxembourg364.0373.0407.5401.2408.6406.1408.6402.0397.2393.6
Malaysia132.7136.5136.6149.7142.5144.4142.5139.1134.3128.6
Mexico42.541.841.244.241.842.041.841.341.140.8
Netherlands273.9263.7249.7252.9247.8250.7247.8243.4241.1241.3
New Zealand174.1172.8170.5174.1170.4171.0170.4170.0169.6167.0
Norway242.1231.7245.8277.6235.2254.3235.2216.4205.1191.3
Poland82.281.578.880.776.177.576.173.871.670.9
Portugal176.7167.1160.9176.6169.1171.9169.1165.9161.5158.1
Russia99.397.596.1113.8102.0105.0102.099.590.493.8
Saudi Arabia63.455.261.682.480.483.280.475.671.170.1
Singapore201.7198.2209.0231.7207.3212.9207.3196.4183.8186.6
South Africa72.872.272.673.266.067.666.066.266.467.3
Spain159.8154.0150.0171.1162.4166.4162.4158.3154.7151.7
Sweden240.8240.9250.5265.0273.2267.6273.2272.4269.0269.4
Switzerland250.0242.8263.1274.3278.0284.2278.0280.6281.1278.8
Thailand153.3154.4154.6176.5179.7179.2179.7178.8177.4175.3
Türkiye84.182.779.889.489.680.289.685.979.571.8
United Kingdom162.3157.0155.3173.5163.3167.2163.3157.2154.6154.0
United States152.5151.7151.5163.9157.0158.4157.0156.0155.2153.9
Memo:
Euro area163.2162.0162.2176.1171.3172.2171.3169.4167.4167.4
 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