Private Credit-to-GDP Gap (Quarterly): Euro area (XM)
The latest reading SOTW holds for Euro area (XM) is -17.07 percentage points of GDP for 2026-Q1, from Bank for International Settlements.
Reviewed series · Credit & Debt · Quarterly · percentage points of GDP · BIS.CREDIT.GAP.Q · XM
Published private credit-to-GDP ratio minus its one-sided Hodrick-Prescott-filtered long-run trend. Displayed in percentage points of GDP, not a percentage growth rate. BIS gaps can differ from national authorities' countercyclical-buffer gaps. This statistical measure alone is not a crisis prediction or investment recommendation. BIS statistics are freely sourced and their inclusion must not result in any additional charge to users. BIS attribution is required; resale is not permitted by SOTW's rights policy. Collection time is not the original publication timestamp. Source dimensions, unit multipliers, confidentiality and observation flags are retained. Terms: https://data.bis.org/help/legal
This is a reviewed series. Open it in the interactive economic data explorer to choose dates, compare countries and see its source evidence and recorded history.
- Latest
- -17.07
- percentage points of GDP · 2026-Q1
- Previous
- -18.15
- percentage points of GDP · 2025-Q4
- Earliest held
- 4.11
- percentage points of GDP · 2009-Q1
- Readings shown
- 69
- Every reading SOTW holds
Euro area (XM) · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -17.07 |
| 2025-Q4 | -18.15 |
| 2025-Q3 | -18.73 |
| 2025-Q2 | -18.94 |
| 2025-Q1 | -19.09 |
| 2024-Q4 | -19.51 |
| 2024-Q3 | -20.03 |
| 2024-Q2 | -20.05 |
| 2024-Q1 | -20.56 |
| 2023-Q4 | -19.63 |
| 2023-Q3 | -19.08 |
| 2023-Q2 | -18.00 |
| 2023-Q1 | -16.51 |
| 2022-Q4 | -13.93 |
| 2022-Q3 | -11.29 |
| 2022-Q2 | -10.75 |
| 2022-Q1 | -9.17 |
| 2021-Q4 | -7.33 |
| 2021-Q3 | -5.23 |
| 2021-Q2 | -2.78 |
| 2021-Q1 | 2.47 |
| 2020-Q4 | 1.46 |
| 2020-Q3 | -0.21 |
| 2020-Q2 | -2.44 |
| 2020-Q1 | -10.62 |
| 2019-Q4 | -13.17 |
| 2019-Q3 | -12.38 |
| 2019-Q2 | -12.58 |
| 2019-Q1 | -13.19 |
| 2018-Q4 | -13.58 |
| 2018-Q3 | -12.83 |
| 2018-Q2 | -12.65 |
| 2018-Q1 | -13.41 |
| 2017-Q4 | -13.01 |
| 2017-Q3 | -12.73 |
| 2017-Q2 | -11.65 |
| 2017-Q1 | -10.19 |
| 2016-Q4 | -10.99 |
| 2016-Q3 | -10.43 |
| 2016-Q2 | -10.02 |
| 2016-Q1 | -10.71 |
| 2015-Q4 | -10.60 |
| 2015-Q3 | -9.12 |
| 2015-Q2 | -7.94 |
| 2015-Q1 | -6.32 |
| 2014-Q4 | -9.88 |
| 2014-Q3 | -10.76 |
| 2014-Q2 | -10.16 |
| 2014-Q1 | -10.12 |
| 2013-Q4 | -9.43 |
| 2013-Q3 | -7.69 |
| 2013-Q2 | -6.69 |
| 2013-Q1 | -5.71 |
| 2012-Q4 | -4.52 |
| 2012-Q3 | -3.10 |
| 2012-Q2 | -2.27 |
| 2012-Q1 | -2.37 |
| 2011-Q4 | -2.13 |
| 2011-Q3 | -2.58 |
| 2011-Q2 | -1.85 |
| 2011-Q1 | -1.27 |
| 2010-Q4 | 1.14 |
| 2010-Q3 | 2.57 |
| 2010-Q2 | 5.03 |
| 2010-Q1 | 5.79 |
| 2009-Q4 | 7.14 |
| 2009-Q3 | 4.58 |
| 2009-Q2 | 4.69 |
| 2009-Q1 | 4.11 |
Source: Bank for International Settlements. All 69 readings held, 2009-Q1 to 2026-Q1. n/a means the source value is missing or withheld.