Private Credit-to-GDP Gap (Quarterly): South Africa
The latest reading SOTW holds for South Africa is -4.25 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 · ZAF
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
- -4.25
- percentage points of GDP · 2026-Q1
- Previous
- -5.08
- percentage points of GDP · 2025-Q4
- Earliest held
- 2.41
- percentage points of GDP · 2000-Q1
- Readings shown
- 105
- Every reading SOTW holds
South Africa · history
percentage points of GDP · Quarterly
Readings, newest first
| Period | Value (percentage points of GDP) |
|---|---|
| 2026-Q1 | -4.25 |
| 2025-Q4 | -5.08 |
| 2025-Q3 | -4.99 |
| 2025-Q2 | -5.37 |
| 2025-Q1 | -5.76 |
| 2024-Q4 | -6.34 |
| 2024-Q3 | -5.82 |
| 2024-Q2 | -6.83 |
| 2024-Q1 | -5.80 |
| 2023-Q4 | -7.42 |
| 2023-Q3 | -6.77 |
| 2023-Q2 | -7.41 |
| 2023-Q1 | -6.58 |
| 2022-Q4 | -7.39 |
| 2022-Q3 | -8.04 |
| 2022-Q2 | -9.19 |
| 2022-Q1 | -9.63 |
| 2021-Q4 | -10.13 |
| 2021-Q3 | -8.79 |
| 2021-Q2 | -8.75 |
| 2021-Q1 | -4.00 |
| 2020-Q4 | -3.92 |
| 2020-Q3 | -3.38 |
| 2020-Q2 | -1.98 |
| 2020-Q1 | -2.65 |
| 2019-Q4 | -4.93 |
| 2019-Q3 | -3.76 |
| 2019-Q2 | -4.69 |
| 2019-Q1 | -3.56 |
| 2018-Q4 | -5.61 |
| 2018-Q3 | -4.83 |
| 2018-Q2 | -5.06 |
| 2018-Q1 | -4.63 |
| 2017-Q4 | -5.12 |
| 2017-Q3 | -4.37 |
| 2017-Q2 | -4.70 |
| 2017-Q1 | -3.41 |
| 2016-Q4 | -3.86 |
| 2016-Q3 | -3.20 |
| 2016-Q2 | -2.88 |
| 2016-Q1 | -0.88 |
| 2015-Q4 | -1.41 |
| 2015-Q3 | -2.86 |
| 2015-Q2 | -3.03 |
| 2015-Q1 | -2.58 |
| 2014-Q4 | -3.40 |
| 2014-Q3 | -2.24 |
| 2014-Q2 | -2.28 |
| 2014-Q1 | -1.95 |
| 2013-Q4 | -2.48 |
| 2013-Q3 | -2.35 |
| 2013-Q2 | -1.94 |
| 2013-Q1 | -2.07 |
| 2012-Q4 | -2.49 |
| 2012-Q3 | -3.00 |
| 2012-Q2 | -3.92 |
| 2012-Q1 | -3.56 |
| 2011-Q4 | -4.43 |
| 2011-Q3 | -4.22 |
| 2011-Q2 | -3.04 |
| 2011-Q1 | -2.12 |
| 2010-Q4 | -1.07 |
| 2010-Q3 | 0.97 |
| 2010-Q2 | 1.22 |
| 2010-Q1 | 2.32 |
| 2009-Q4 | 3.55 |
| 2009-Q3 | 3.77 |
| 2009-Q2 | 5.13 |
| 2009-Q1 | 8.10 |
| 2008-Q4 | 9.00 |
| 2008-Q3 | 10.55 |
| 2008-Q2 | 11.96 |
| 2008-Q1 | 13.68 |
| 2007-Q4 | 12.21 |
| 2007-Q3 | 12.91 |
| 2007-Q2 | 12.09 |
| 2007-Q1 | 11.59 |
| 2006-Q4 | 11.80 |
| 2006-Q3 | 11.03 |
| 2006-Q2 | 8.09 |
| 2006-Q1 | 7.37 |
| 2005-Q4 | 5.14 |
| 2005-Q3 | 3.95 |
| 2005-Q2 | 2.93 |
| 2005-Q1 | 1.43 |
| 2004-Q4 | 0.97 |
| 2004-Q3 | -0.80 |
| 2004-Q2 | -2.07 |
| 2004-Q1 | -0.83 |
| 2003-Q4 | 1.41 |
| 2003-Q3 | 0.76 |
| 2003-Q2 | 0.26 |
| 2003-Q1 | 0.98 |
| 2002-Q4 | -2.44 |
| 2002-Q3 | -0.55 |
| 2002-Q2 | 0.32 |
| 2002-Q1 | 1.51 |
| 2001-Q4 | 4.58 |
| 2001-Q3 | 1.78 |
| 2001-Q2 | 0.39 |
| 2001-Q1 | 1.24 |
| 2000-Q4 | 1.82 |
| 2000-Q3 | 2.35 |
| 2000-Q2 | 1.53 |
| 2000-Q1 | 2.41 |
Source: Bank for International Settlements. All 105 readings held, 2000-Q1 to 2026-Q1. n/a means the source value is missing or withheld.