Changes to the data set on credit to the non-financial sector
The data set on credit to the non-financial sector captures the outstanding amount of debt of major sectors: private non-financial sector (with a breakdown into households and corporates) and government. Credit is provided by domestic banks, all other sectors of the economy and non-residents. In terms of financial instruments, credit covers the core debt, defined as loans, debt securities and currency & deposits. The data set is updated quarterly.
March 2024
- Revised data: domestic exclusion of financial corporation loans to financial corporations and all loans to households from 2021 onwards for Saudi Arabia.
September 2023
- Revised data: inclusion of debt securities issued by non-financial corporations from 2013 onwards for Malaysia.
- Revised data: inclusion of loans from all lenders to households sector from 2011 onwards for Thailand.
September 2022
- Revised data: use of bank's balance sheets from 2008 onwards for Switzerland.
June 2022
- Revised data: use of balance sheets from 2013 onwards for Brazil.
March 2022
- Revised data: inclusion of debt securities issued by non-financial corporations from 2003 onwards, cross-border credit from non-residents from 2005 onwards and loans from financial corporations from 2011 onwards for Thailand.
December 2021
- Revised data: inclusion of debt securities issued by non-financial corporations from 1997 onwards for Hong Kong SAR and 2018 onwards for Indonesia.
- Revised data: inclusion of loans from domestic financial corporations (not only banks) and debt securities issued by non-financial corporations from 2018 onwards for Argentina and 2019 onwards for Saudi Arabia.
September 2021
- Revised data: inclusion of loans from other financial corporations to households and debt securities issued by non-financial corporations from 2008 onwards for South Africa.
March 2021
- Revised data: use of financial accounts from 2011 onwards for India.
- New starting date: total credit to the non-financial sector (including its breakdown general government at nominal value) for the United States has a new starting date of 1945 instead of 1952.
December 2020
- New starting date: data on total credit to private non-financial sector for Luxembourg has a new starting date of 1995 instead of 1999 and for its breakdown households and non-financial corporations 1995 instead of 2002.
- Revised data: use of new methodology from 2017 onwards for Denmark.
- Revised data: use of SNA08 instead of SNA93 financial accounts from 2002 onwards for Ireland.
- Revised data: use of SNA08 instead of SNA93 financial accounts from 1999 onwards for Switzerland.
September 2020
- New valuation breakdown: data on total credit to government sector for Chile at nominal value added to the data set.
- Revised data: use of financial accounts from 2011 onwards for Russia.
April 2020
- Revised data: total credit to non-financial corporations for China has been re-estimated.
December 2019
- New starting date: bank and total credit data on private sector in US dollars for Israel has a new starting date of 1981 instead of 1986.
- New starting date: total credit to the non-financial sector (including its breakdown general government at nominal value) for Russia has a new starting date of 1997 instead of 1999.
December 2018
- Revised data: total credit to non-financial corporations for China has been re-estimated from 2015 Q1 onwards.
September 2018
- New starting date: bank and total credit data on private sector (including its breakdown households and non-financial corporations) and government sector for Hungary now start earlier.
December 2017
- New starting date: total credit to the private non-financial sector for Luxembourg has a new starting date of 1999 instead of 2002.
June 2017
- New starting date: some series in US dollars for Australia, Canada, Denmark, Norway and Switzerland now start earlier.
March 2017
- New country: data for Colombia covering all the borrowing sectors (non-financial corporations, households, government) added to the data set, which now comprises 44 economies.
- Revised data: use of financial accounts from 2004 onwards for Brazil.
- Revised data: total credit to the government sector for Hong Kong SAR now includes the Exchange Fund.
- Revised data: total credit to the private non-financial sector for Singapore now includes debt securities issued by non-financial corporations from 2000 onwards.
- Revised data: use of financial accounts from 2009 onwards for Turkey.
December 2016
- New starting date: total credit to the government sector at nominal value has a new starting date of 1995 for Belgium, Hungary and Spain, and 1996 for Sweden, instead of 2000.
- New starting date: bank credit to the private non-financial sector for Chile has a new starting date of Q1 1983 instead of Q1 1998.
- Revised data: use of SNA08 instead of SNA93 financial accounts from Q4 2008 onwards for Korea.
- Revised data: Historical data for China on total credit to the government sector have been revised downwards, as taken from the publication of the IMF, World Economic Outlook.
September 2016
- New starting date: total credit to the private non-financial sector for Chile has a new starting date of 1983 instead of 2002.
June 2016
- New country: data for Chile covering all the borrowing sectors (non-financial corporations, households, government) added to the data set, which now comprises 43 economies.
March 2016
- New countries: data for Israel and New Zealand covering all the borrowing sectors added to the data set, which now comprises 42 economies.
- New regional aggregates: data on G20, advanced, emerging market and all reporting economies added to the data set.
December 2015
- New sector breakdown: data on total credit to households and non-financial corporations for Argentina, Brazil, Malaysia, Russia and Saudi Arabia added to the data set.
September 2015
- New sector coverage: data on total credit to the government sector added to the data set on credit to the private sector.
- New units: data in US dollars and in percent of GDP added to the data set.
March 2013
- Data on long series on credit to the private non-financial sector (PNFS) for 40 economies released by the BIS for the first time. The long series on credit to PNFS covers two lending sectors: all creditors ("total credit") and domestic banks ("bank credit"). For total credit, a breakdown to households and non-financial corporations for many countries are also included.