Private Credit-to-GDP Gap (Quarterly): Belgium
The latest reading SOTW holds for Belgium is -30.28 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 · BEL
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
- -30.28
- percentage points of GDP · 2026-Q1
- Previous
- -30.83
- percentage points of GDP · 2025-Q4
- Earliest held
- 18.11
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
Belgium · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -30.28 |
| 2025-Q4 | -30.83 |
| 2025-Q3 | -31.25 |
| 2025-Q2 | -31.55 |
| 2025-Q1 | -33.34 |
| 2024-Q4 | -33.70 |
| 2024-Q3 | -35.03 |
| 2024-Q2 | -34.67 |
| 2024-Q1 | -36.28 |
| 2023-Q4 | -38.28 |
| 2023-Q3 | -42.82 |
| 2023-Q2 | -42.01 |
| 2023-Q1 | -38.47 |
| 2022-Q4 | -34.19 |
| 2022-Q3 | -31.83 |
| 2022-Q2 | -31.71 |
| 2022-Q1 | -27.52 |
| 2021-Q4 | -22.76 |
| 2021-Q3 | -17.84 |
| 2021-Q2 | -17.02 |
| 2021-Q1 | -9.26 |
| 2020-Q4 | -8.71 |
| 2020-Q3 | -16.20 |
| 2020-Q2 | -15.26 |
| 2020-Q1 | -19.39 |
| 2019-Q4 | -17.26 |
| 2019-Q3 | -13.18 |
| 2019-Q2 | -17.31 |
| 2019-Q1 | -17.12 |
| 2018-Q4 | -16.84 |
| 2018-Q3 | -17.81 |
| 2018-Q2 | -13.98 |
| 2018-Q1 | -13.99 |
| 2017-Q4 | -9.84 |
| 2017-Q3 | -9.61 |
| 2017-Q2 | -4.26 |
| 2017-Q1 | -0.20 |
| 2016-Q4 | 6.32 |
| 2016-Q3 | 7.81 |
| 2016-Q2 | 10.67 |
| 2016-Q1 | 7.74 |
| 2015-Q4 | -7.44 |
| 2015-Q3 | -2.69 |
| 2015-Q2 | -8.07 |
| 2015-Q1 | 1.34 |
| 2014-Q4 | -6.45 |
| 2014-Q3 | -9.32 |
| 2014-Q2 | -10.18 |
| 2014-Q1 | -9.77 |
| 2013-Q4 | -3.34 |
| 2013-Q3 | -0.41 |
| 2013-Q2 | 5.42 |
| 2013-Q1 | 3.33 |
| 2012-Q4 | 1.56 |
| 2012-Q3 | 5.24 |
| 2012-Q2 | 7.17 |
| 2012-Q1 | 5.41 |
| 2011-Q4 | 3.14 |
| 2011-Q3 | 1.70 |
| 2011-Q2 | 1.95 |
| 2011-Q1 | 0.07 |
| 2010-Q4 | 0.10 |
| 2010-Q3 | 4.34 |
| 2010-Q2 | 10.71 |
| 2010-Q1 | 13.58 |
| 2009-Q4 | 18.33 |
| 2009-Q3 | 21.59 |
| 2009-Q2 | 21.61 |
| 2009-Q1 | 20.68 |
| 2008-Q4 | 19.33 |
| 2008-Q3 | 13.74 |
| 2008-Q2 | 10.78 |
| 2008-Q1 | 7.65 |
| 2007-Q4 | 4.70 |
| 2007-Q3 | 3.67 |
| 2007-Q2 | 1.86 |
| 2007-Q1 | 0.35 |
| 2006-Q4 | -1.46 |
| 2006-Q3 | -0.53 |
| 2006-Q2 | -0.33 |
| 2006-Q1 | -0.48 |
| 2005-Q4 | 0.40 |
| 2005-Q3 | 1.83 |
| 2005-Q2 | 3.59 |
| 2005-Q1 | 4.89 |
| 2004-Q4 | 6.90 |
| 2004-Q3 | 7.19 |
| 2004-Q2 | 7.97 |
| 2004-Q1 | 9.11 |
| 2003-Q4 | 9.90 |
| 2003-Q3 | 8.79 |
| 2003-Q2 | 8.26 |
| 2003-Q1 | 6.80 |
| 2002-Q4 | 9.21 |
| 2002-Q3 | 11.40 |
| 2002-Q2 | 13.73 |
| 2002-Q1 | 15.80 |
| 2001-Q4 | 18.66 |
| 2001-Q3 | 18.37 |
| 2001-Q2 | 19.49 |
| 2001-Q1 | 19.24 |
| 2000-Q4 | 20.20 |
| 2000-Q3 | 19.22 |
| 2000-Q2 | 18.56 |
| 2000-Q1 | 18.11 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.