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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
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
< Q4 2017 > >|
Year Quarter
2012 2013 2014 2015 2016 Q4 16 Q1 17 Q2 17 Q3 17 Q4 17
Argentina19.219.817.218.718.218.217.818.720.221.3
Australia178.4184.9191.2201.9202.5202.5198.9198.6196.4196.9
Austria143.5146.5142.0141.5142.5142.5142.3140.6139.9138.9
Belgium205.4205.9208.1214.1225.9225.9224.7222.4217.8217.7
Brazil68.172.371.576.871.571.570.268.569.868.6
Canada185.5190.8192.1207.9212.1212.1212.9214.1214.0214.2
Chile116.5123.9134.9145.6143.8143.8143.5143.0140.5138.5
China160.3173.8185.6201.6210.8210.8211.1210.4210.4208.7
Colombia50.854.961.066.165.065.064.665.164.764.7
Czech Republic90.297.693.489.389.689.690.790.189.689.4
Denmark249.6237.6237.7236.0230.4230.4227.6225.0223.2222.1
Finland172.6177.1183.8193.2182.8182.8185.8183.4182.6180.2
France175.9174.5180.3183.5188.9188.9191.4191.5192.1192.4
Germany109.4110.1106.6106.2106.2106.2107.4107.1107.6107.4
Greece131.4130.4129.4127.6126.1126.1124.7123.1121.2119.0
Hong Kong SAR227.2250.0270.8270.9279.0279.0286.0297.5299.1302.9
Hungary118.7111.2108.199.993.293.290.788.787.685.1
India60.861.459.760.256.556.558.355.556.555.7
Indonesia34.638.839.640.640.540.539.439.539.139.4
Ireland314.2296.1301.3324.6299.1299.1282.5264.1256.1249.1
Israel118.4114.0112.1110.3111.1111.1110.3110.7112.3111.2
Italy127.3124.6122.3118.1115.3115.3115.3114.5112.9112.1
Japan163.1161.5159.9155.9158.4158.4159.7159.3160.1160.8
Korea183.3185.0188.9191.7192.8192.8192.5193.9193.7193.1
Luxembourg377.3381.2391.3424.5421.5421.5425.3422.1418.4411.6
Malaysia124.2130.4132.8138.7138.8138.8136.9136.1134.1134.4
Mexico32.135.236.640.043.143.141.440.941.642.9
Netherlands240.5235.4234.2236.0231.4231.4230.2227.6225.2220.9
New Zealand175.8172.7171.0172.2174.1174.1173.5173.3173.3172.9
Norway225.6223.1229.3249.0252.8252.8250.4250.8246.9245.6
Poland76.678.881.883.586.386.384.883.982.881.3
Portugal231.4220.9208.5196.1184.3184.3182.4180.0178.3176.2
Russia53.559.671.573.866.866.865.065.765.765.5
Saudi Arabia38.543.748.261.864.564.563.663.061.460.3
Singapore146.0158.4167.3170.1172.2172.2170.6174.4172.6176.6
South Africa70.170.069.773.371.371.372.171.671.971.1
Spain206.8197.3186.6175.1166.7166.7166.0164.4161.4158.1
Sweden229.1233.0234.4234.0230.4230.4234.6234.7233.9233.7
Switzerland225.3223.6223.8227.2237.8237.8238.4239.2240.0240.5
Thailand109.3116.9119.8121.5118.9118.9117.0116.9115.6116.1
Turkey63.172.074.979.985.185.185.885.884.684.9
United Kingdom183.1175.3166.1163.6169.9169.9168.7169.4170.5170.5
United States149.8148.8148.6148.8151.0151.0151.2151.7152.0152.2
Memo:
Euro area165.7162.5163.1163.8162.8162.8163.2161.8160.3159.7