Mortgage loans as a share of GDP reached 51.8 % in 2017 in USA, according to the National Central Bank. This is 1.88 % less than in the previous year.
Historically, mortgage loans as a share of GDP in USA reached an all time high of 73.4 % in 2007 and an all time low of 26.0 % in 1960. When compared to USA's main peers, mortgage loans as a share of GDP in Canada amounted to 70.8 %, 48.7 % in Japan and 3.42 % in Mexico in 2017.
USA has been ranked 11th within the group of 89 countries we follow in terms of mortgage loans as a share of GDP, 4 places behind the position seen 10 years ago.
A mortgage loan is a loan secured by real property through the use of a mortgage note.