Private Credit-to-GDP Gap (Quarterly): Germany
The latest reading SOTW holds for Germany is -4.18 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 · DEU
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
- -4.18
- percentage points of GDP · 2026-Q1
- Previous
- -4.35
- percentage points of GDP · 2025-Q4
- Earliest held
- 10.06
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
Germany · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -4.18 |
| 2025-Q4 | -4.35 |
| 2025-Q3 | -3.72 |
| 2025-Q2 | -3.51 |
| 2025-Q1 | -3.56 |
| 2024-Q4 | -4.36 |
| 2024-Q3 | -3.66 |
| 2024-Q2 | -3.71 |
| 2024-Q1 | -3.41 |
| 2023-Q4 | -2.70 |
| 2023-Q3 | -1.40 |
| 2023-Q2 | 0.44 |
| 2023-Q1 | 2.07 |
| 2022-Q4 | 4.36 |
| 2022-Q3 | 5.94 |
| 2022-Q2 | 4.90 |
| 2022-Q1 | 5.50 |
| 2021-Q4 | 6.44 |
| 2021-Q3 | 6.96 |
| 2021-Q2 | 8.03 |
| 2021-Q1 | 11.07 |
| 2020-Q4 | 9.40 |
| 2020-Q3 | 8.12 |
| 2020-Q2 | 6.01 |
| 2020-Q1 | 0.83 |
| 2019-Q4 | -0.36 |
| 2019-Q3 | -0.82 |
| 2019-Q2 | -1.15 |
| 2019-Q1 | -2.51 |
| 2018-Q4 | -3.75 |
| 2018-Q3 | -3.59 |
| 2018-Q2 | -4.66 |
| 2018-Q1 | -6.16 |
| 2017-Q4 | -5.90 |
| 2017-Q3 | -6.19 |
| 2017-Q2 | -6.11 |
| 2017-Q1 | -5.94 |
| 2016-Q4 | -6.63 |
| 2016-Q3 | -7.18 |
| 2016-Q2 | -8.41 |
| 2016-Q1 | -9.27 |
| 2015-Q4 | -10.40 |
| 2015-Q3 | -10.72 |
| 2015-Q2 | -11.26 |
| 2015-Q1 | -11.79 |
| 2014-Q4 | -12.88 |
| 2014-Q3 | -9.53 |
| 2014-Q2 | -8.58 |
| 2014-Q1 | -8.96 |
| 2013-Q4 | -8.45 |
| 2013-Q3 | -8.63 |
| 2013-Q2 | -9.15 |
| 2013-Q1 | -9.99 |
| 2012-Q4 | -11.43 |
| 2012-Q3 | -11.56 |
| 2012-Q2 | -11.55 |
| 2012-Q1 | -12.15 |
| 2011-Q4 | -12.01 |
| 2011-Q3 | -12.52 |
| 2011-Q2 | -13.72 |
| 2011-Q1 | -13.22 |
| 2010-Q4 | -9.86 |
| 2010-Q3 | -8.08 |
| 2010-Q2 | -7.15 |
| 2010-Q1 | -6.91 |
| 2009-Q4 | -5.26 |
| 2009-Q3 | -5.47 |
| 2009-Q2 | -5.40 |
| 2009-Q1 | -6.67 |
| 2008-Q4 | -8.06 |
| 2008-Q3 | -9.85 |
| 2008-Q2 | -10.35 |
| 2008-Q1 | -10.52 |
| 2007-Q4 | -9.74 |
| 2007-Q3 | -10.00 |
| 2007-Q2 | -8.67 |
| 2007-Q1 | -7.99 |
| 2006-Q4 | -5.54 |
| 2006-Q3 | -3.92 |
| 2006-Q2 | -3.42 |
| 2006-Q1 | -3.72 |
| 2005-Q4 | -4.41 |
| 2005-Q3 | -4.20 |
| 2005-Q2 | -4.36 |
| 2005-Q1 | -5.18 |
| 2004-Q4 | -3.84 |
| 2004-Q3 | -2.00 |
| 2004-Q2 | -0.02 |
| 2004-Q1 | 2.29 |
| 2003-Q4 | 6.25 |
| 2003-Q3 | 8.00 |
| 2003-Q2 | 9.05 |
| 2003-Q1 | 9.03 |
| 2002-Q4 | 9.60 |
| 2002-Q3 | 9.86 |
| 2002-Q2 | 10.69 |
| 2002-Q1 | 9.91 |
| 2001-Q4 | 11.87 |
| 2001-Q3 | 13.43 |
| 2001-Q2 | 13.93 |
| 2001-Q1 | 14.75 |
| 2000-Q4 | 15.57 |
| 2000-Q3 | 11.03 |
| 2000-Q2 | 11.65 |
| 2000-Q1 | 10.06 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.