"Figure 7: International comparison of net lending (positive) and borrowing (negative) as a percentage of gross disposable household income, seasonally adjusted,","" " Quarter 4 (Oct to Dec) 1997 to Quarter 4 (Oct to Dec) 2017, G7 countries^4^","" "","" "Notes","1. Households 2. Households and non-profit institutions serving households 3. All series are authors' calculations 4. G7 countries not including Italy (data not accessible) " "Unit","%" "","" "","Canada1","USA^1^","Germany^2^","France^1^","Japan^2^","UK^1^" "1997-Q4","-3.1","2","20.2","6.9","30.4","6.8" "1998-Q1","-1.5","3","21.9","7.1","53.3","6.7" "1998-Q2","-2.9","2.3","21.9","5.9","48.4","6" "1998-Q3","-1.3","1.9","21.8","6.3","49.1","6.2" "1998-Q4","-0.6","1.2","21.5","5.9","42","5" "1999-Q1","-2.1","1.3","21.9","7.1","47.1","0.3" "1999-Q2","-1.8","0","21.9","6.8","41.3","4" "1999-Q3","-2","-0.4","21.7","5.6","42.5","3.6" "1999-Q4","-2.7","-0.3","21.4","6.1","36","4.6" "2000-Q1","-2","0.1","23.2","5.6","43.2","3.2" "2000-Q2","-2.1","0.2","23.2","5.6","38.9","3.9" "2000-Q3","-2.1","0.3","23.2","5.2","39.7","5.3" "2000-Q4","-0.9","-0.3","23.2","7.4","34","6.4" "2001-Q1","0","0.2","28.8","6.1","33.8","5.3" "2001-Q2","-4.1","-0.1","28.6","5.5","31.2","5.3" "2001-Q3","-2.3","2","28.6","6.1","32.1","4.9" "2001-Q4","-2.1","-0.7","28.5","6.9","27.6","4.8" "2002-Q1","-2.6","1.3","29.9","6.7","15.1","4.1" "2002-Q2","-5.1","1.2","29.8","6.7","13.6","4.9" "2002-Q3","-5.3","0.4","29.5","6.3","14","3.7" "2002-Q4","-6","0.6","29.3","7.9","12.1","2.4" "2003-Q1","-6.3","0.5","35.8","5.6","25.1","2.9" "2003-Q2","-5.8","0.8","35.7","6.2","22.4","1.8" "2003-Q3","-7.9","0.7","35.6","5.7","23.3","2" "2003-Q4","-7.4","0.1","35.7","5.9","20","2.5" "2004-Q1","-7.9","-0.3","37.6","5.3","8.1","1.7" "2004-Q2","-6.6","-0.2","37.5","5.7","7.3","1.9" "2004-Q3","-7.4","-0.2","37.5","6","7.6","2.1" "2004-Q4","-7.5","-0.5","37","4.9","6.6","1.6" "2005-Q1","-10.2","-2.3","40.5","4.3","12.7","0.4" "2005-Q2","-9.1","-2.9","39.9","4.2","11.4","1.3" "2005-Q3","-8","-1.9","39.7","4.1","11.9","1.2" "2005-Q4","-8.3","-2.6","39.4","3.9","10.3","1.1" "2006-Q1","-8.1","-1.6","37.2","3.1","9.6","0.3" "2006-Q2","-9.4","-1.6","37.1","3.8","8.5","0.1" "2006-Q3","-7.6","-1.5","37","4.2","9","0.7" "2006-Q4","-6.7","-1","36.4","4.7","7.7","2.1" "2007-Q1","-7.2","-0.3","36.5","4.7","16.2","2.8" "2007-Q2","-9.6","-0.2","36.3","4.6","14.8","2.8" "2007-Q3","-9.8","-0.1","36.2","4.1","15.2","2.2" "2007-Q4","-10.1","0.3","35.7","4.1","13.4","1.2" "2008-Q1","-8.8","1.7","35.8","4.3","19.6","1" "2008-Q2","-7.9","4","35.2","3.9","17.8","1.7" "2008-Q3","-7.4","3","35.2","3.5","18.5","2.2" "2008-Q4","-5.4","4.9","36","5.1","16.3","4.1" "2009-Q1","-3.9","5.3","39.7","6.3","35.5","5" "2009-Q2","-3.9","6.6","39.5","7.1","32.3","7.3" "2009-Q3","-4","5.9","39.9","7.7","33.3","8.5" "2009-Q4","-4.9","5.6","39.7","7","29.4","7.9" "2010-Q1","-4.4","5.4","38.6","6.7","23","8" "2010-Q2","-5.8","5.4","38.2","6.7","21.3","7.1" "2010-Q3","-5.7","5.5","37.9","6.6","21.9","6.9" "2010-Q4","-5.2","5.4","37.6","6","19.5","6.7" "2011-Q1","-5.3","5.9","31.7","5.5","34.8","4.8" "2011-Q2","-5.1","5.6","31.5","6.7","32","5.9" "2011-Q3","-5.1","5.6","31.2","6.2","32.7","5.5" "2011-Q4","-4.4","5.3","31.1","6.2","29.3","5.2" "2012-Q1","-5.5","6","32.8","5.8","14.2","5.9" "2012-Q2","-4.2","6.6","33.1","6.2","13.3","5.5" "2012-Q3","-3.7","6.3","33","6.2","13.6","5.8" "2012-Q4","-4.3","8.7","33","4.4","12.1","4" "2013-Q1","-3.7","3.6","32.1","5.1","3.6","2.8" "2013-Q2","-5","3.9","31.9","5.1","3.3","4.1" "2013-Q3","-4.6","4","31.6","5.1","3.4","4.5" "2013-Q4","-5.1","3.5","31.7","4.4","3.1","4.4" "2014-Q1","-5.2","4.1","33.9","5.4","3","4.3" "2014-Q2","-5.7","4.5","33.7","5.5","2.8","3.8" "2014-Q3","-5.8","4.8","33.3","5.5","2.8","2.2" "2014-Q4","-6.6","4.5","33.2","5.2","2.6","3.6" "2015-Q1","-6.9","4.6","36.8","5","6.2","4.4" "2015-Q2","-4.6","4.6","36.6","4.8","5.8","4.4" "2015-Q3","-4.8","4.3","36.1","4.9","5.8","4.7" "2015-Q4","-4.8","4.3","35.9","5.2","5.3","4.3" "2016-Q1","-8.4","3.8","36.2","4.8","14.2","2.8" "2016-Q2","-5.4","3.6","35.6","4.5","13.3","2" "2016-Q3","-5.3","3.1","35.6","5.2","13.4","1.2" "2016-Q4","-5.3","1.9","35.1","4.5","12.1","-0.6" "2017-Q1","-7.6","2.3","35.7","4.3","","-2.6" "2017-Q2","-6.7","1.9","35.4","4.4","","-0.5" "2017-Q3","-5.9","2.7","35.3","4.4","","-0.8" "2017-Q4","-6.2","","35.1","4.5","","-0.6"