Private Credit-to-GDP Gap (Quarterly): France
The latest reading SOTW holds for France is -15.74 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 · FRA
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
- -15.74
- percentage points of GDP · 2026-Q1
- Previous
- -15.47
- percentage points of GDP · 2025-Q4
- Earliest held
- -2.77
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
France · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -15.74 |
| 2025-Q4 | -15.47 |
| 2025-Q3 | -15.95 |
| 2025-Q2 | -16.04 |
| 2025-Q1 | -16.21 |
| 2024-Q4 | -17.02 |
| 2024-Q3 | -17.31 |
| 2024-Q2 | -16.43 |
| 2024-Q1 | -16.23 |
| 2023-Q4 | -13.51 |
| 2023-Q3 | -11.41 |
| 2023-Q2 | -8.48 |
| 2023-Q1 | -4.96 |
| 2022-Q4 | -2.57 |
| 2022-Q3 | -0.49 |
| 2022-Q2 | -0.08 |
| 2022-Q1 | 1.97 |
| 2021-Q4 | 4.86 |
| 2021-Q3 | 7.57 |
| 2021-Q2 | 11.36 |
| 2021-Q1 | 19.88 |
| 2020-Q4 | 23.78 |
| 2020-Q3 | 22.12 |
| 2020-Q2 | 19.78 |
| 2020-Q1 | 6.91 |
| 2019-Q4 | 4.21 |
| 2019-Q3 | 5.17 |
| 2019-Q2 | 4.32 |
| 2019-Q1 | 3.67 |
| 2018-Q4 | 3.21 |
| 2018-Q3 | 3.71 |
| 2018-Q2 | 3.93 |
| 2018-Q1 | 3.07 |
| 2017-Q4 | 2.93 |
| 2017-Q3 | 3.68 |
| 2017-Q2 | 5.00 |
| 2017-Q1 | 5.87 |
| 2016-Q4 | 5.00 |
| 2016-Q3 | 4.42 |
| 2016-Q2 | 4.30 |
| 2016-Q1 | 3.01 |
| 2015-Q4 | 5.10 |
| 2015-Q3 | 4.42 |
| 2015-Q2 | 4.83 |
| 2015-Q1 | 5.58 |
| 2014-Q4 | 4.22 |
| 2014-Q3 | 4.22 |
| 2014-Q2 | 3.99 |
| 2014-Q1 | 2.69 |
| 2013-Q4 | 1.77 |
| 2013-Q3 | 3.28 |
| 2013-Q2 | 3.94 |
| 2013-Q1 | 6.74 |
| 2012-Q4 | 8.15 |
| 2012-Q3 | 8.93 |
| 2012-Q2 | 10.22 |
| 2012-Q1 | 9.45 |
| 2011-Q4 | 8.66 |
| 2011-Q3 | 8.71 |
| 2011-Q2 | 7.56 |
| 2011-Q1 | 5.97 |
| 2010-Q4 | 6.55 |
| 2010-Q3 | 5.96 |
| 2010-Q2 | 7.27 |
| 2010-Q1 | 8.92 |
| 2009-Q4 | 10.48 |
| 2009-Q3 | 10.64 |
| 2009-Q2 | 10.29 |
| 2009-Q1 | 9.37 |
| 2008-Q4 | 7.93 |
| 2008-Q3 | 7.77 |
| 2008-Q2 | 6.38 |
| 2008-Q1 | 4.40 |
| 2007-Q4 | 4.44 |
| 2007-Q3 | 5.15 |
| 2007-Q2 | 4.95 |
| 2007-Q1 | 3.38 |
| 2006-Q4 | 3.37 |
| 2006-Q3 | 2.83 |
| 2006-Q2 | 2.90 |
| 2006-Q1 | 1.89 |
| 2005-Q4 | 1.73 |
| 2005-Q3 | 0.94 |
| 2005-Q2 | 1.28 |
| 2005-Q1 | -0.37 |
| 2004-Q4 | 0.03 |
| 2004-Q3 | 0.17 |
| 2004-Q2 | -0.11 |
| 2004-Q1 | -1.24 |
| 2003-Q4 | -1.17 |
| 2003-Q3 | 0.52 |
| 2003-Q2 | 1.54 |
| 2003-Q1 | 1.73 |
| 2002-Q4 | 1.46 |
| 2002-Q3 | 1.65 |
| 2002-Q2 | 2.61 |
| 2002-Q1 | 3.39 |
| 2001-Q4 | 3.45 |
| 2001-Q3 | 3.11 |
| 2001-Q2 | 2.87 |
| 2001-Q1 | 1.43 |
| 2000-Q4 | 0.34 |
| 2000-Q3 | -0.01 |
| 2000-Q2 | -1.62 |
| 2000-Q1 | -2.77 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.