# Private non-financial credit-to-GDP gap in Argentina

Private non-financial credit-to-GDP gap in Argentina was 2.69 percentage points in Q1 2026 (estimated). Source: Bank for International Settlements.

- Indicator id: `private_nonfinancial_credit_gap`
- Place id: `ar`
- Unit: percentage points
- Definition: Difference in percentage points between private non-financial credit as a share of GDP and its long-run trend, estimated by the BIS with a one-sided, backward-looking Hodrick-Prescott filter. A level difference, not a percentage change.
- Note: BIS estimate. Can differ from the credit gap used by national authorities. It supports risk analysis; it is not an automatic lending or policy threshold.
- Source: Bank for International Settlements, BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap (https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CREDIT_GAP/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P.A.C?format=csv&startPeriod=1970-Q1)
- Publisher page: https://invokely.ai/en/publishers/bis
- Retrieved: 2026-10-12
- License: BIS terms for statistics: attribution required; inclusion in commercial products must not add a charge to users; other conditions apply
- Citation: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CREDIT_GAP/1.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.P.A.C?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
- Web page: https://invokely.ai/en/private-nonfinancial-credit-gap/argentina
- API: https://invokely.ai/api/v1/series?indicator=private_nonfinancial_credit_gap&place=ar

| Period | percentage points |
|---|---:|
| 2026-Q1 | 2.69 (estimated) |
| 2025-Q4 | 4.77 (estimated) |
| 2025-Q3 | 3.24 (estimated) |
| 2025-Q2 | 1.91 (estimated) |
| 2025-Q1 | 0.31 (estimated) |
| 2024-Q4 | -0.32 (estimated) |
| 2024-Q3 | 0.24 (estimated) |
| 2024-Q2 | 1.08 (estimated) |
| 2024-Q1 | 4.42 (estimated) |
| 2023-Q4 | 11.26 (estimated) |
| 2023-Q3 | 1.06 (estimated) |
| 2023-Q2 | -0.06 (estimated) |
| 2023-Q1 | -0.98 (estimated) |
| 2022-Q4 | -0.92 (estimated) |
| 2022-Q3 | -1.15 (estimated) |
| 2022-Q2 | -0.8 (estimated) |
| 2022-Q1 | -2.08 (estimated) |
| 2021-Q4 | -0.5 (estimated) |
| 2021-Q3 | 0.46 (estimated) |
| 2021-Q2 | 2.32 (estimated) |
| 2021-Q1 | 5.12 (estimated) |
| 2020-Q4 | 6.62 (estimated) |
| 2020-Q3 | 6.03 (estimated) |
| 2020-Q2 | 6.13 (estimated) |
| 2020-Q1 | 4.74 (estimated) |
| 2019-Q4 | 5.99 (estimated) |
| 2019-Q3 | 8.34 (estimated) |
| 2019-Q2 | 5 (estimated) |
| 2019-Q1 | 7.58 (estimated) |
| 2018-Q4 | 7.66 (estimated) |
| 2018-Q3 | 12.18 (estimated) |
| 2018-Q2 | 8.22 (estimated) |
| 2018-Q1 | 5.14 (estimated) |
| 2017-Q4 | 4.72 (estimated) |
| 2017-Q3 | 2.4 (estimated) |
| 2017-Q2 | 1.07 (estimated) |
| 2017-Q1 | 0.02 (estimated) |
| 2016-Q4 | 0.16 (estimated) |
| 2016-Q3 | -0.2 (estimated) |
| 2016-Q2 | -0.5 (estimated) |
| 2016-Q1 | -0.17 (estimated) |
| 2015-Q4 | -0.09 (estimated) |
| 2015-Q3 | -2.1 (estimated) |
| 2015-Q2 | -2.39 (estimated) |
| 2015-Q1 | -3.09 (estimated) |
| 2014-Q4 | -3.2 (estimated) |
| 2014-Q3 | -3.06 (estimated) |
| 2014-Q2 | -2.79 (estimated) |
| 2014-Q1 | -1.55 (estimated) |
| 2013-Q4 | -1.51 (estimated) |
| 2013-Q3 | -2.54 (estimated) |
| 2013-Q2 | -3.14 (estimated) |
| 2013-Q1 | -3.56 (estimated) |
| 2012-Q4 | -3.62 (estimated) |
| 2012-Q3 | -4.83 (estimated) |
| 2012-Q2 | -5.55 (estimated) |
| 2012-Q1 | -6.19 (estimated) |
| 2011-Q4 | -6.37 (estimated) |
| 2011-Q3 | -6.71 (estimated) |
| 2011-Q2 | -7.7 (estimated) |
| 2011-Q1 | -8.27 (estimated) |
| 2010-Q4 | -8.52 (estimated) |
| 2010-Q3 | -9.15 (estimated) |
| 2010-Q2 | -9.35 (estimated) |
| 2010-Q1 | -9.5 (estimated) |
| 2009-Q4 | -9.25 (estimated) |
| 2009-Q3 | -9.24 (estimated) |
| 2009-Q2 | -9.35 (estimated) |
| 2009-Q1 | -10.15 (estimated) |
| 2008-Q4 | -11.01 (estimated) |
| 2008-Q3 | -11.89 (estimated) |
| 2008-Q2 | -12.29 (estimated) |
| 2008-Q1 | -11.75 (estimated) |
| 2007-Q4 | -11.55 (estimated) |
| 2007-Q3 | -11.39 (estimated) |
| 2007-Q2 | -11.97 (estimated) |
| 2007-Q1 | -12.01 (estimated) |
| 2006-Q4 | -11.99 (estimated) |
| 2006-Q3 | -12.04 (estimated) |
| 2006-Q2 | -11.94 (estimated) |
| 2006-Q1 | -11.83 (estimated) |
| 2005-Q4 | -11.6 (estimated) |
| 2005-Q3 | -11.35 (estimated) |
| 2005-Q2 | -10.12 (estimated) |
| 2005-Q1 | -9.29 (estimated) |
| 2004-Q4 | -7.13 (estimated) |
| 2004-Q3 | -5.08 (estimated) |
| 2004-Q2 | -4.09 (estimated) |
| 2004-Q1 | -3.23 (estimated) |
| 2003-Q4 | 0.99 (estimated) |
| 2003-Q3 | 3.32 (estimated) |
| 2003-Q2 | 5.82 (estimated) |
| 2003-Q1 | 12.03 (estimated) |
| 2002-Q4 | 23.94 (estimated) |
| 2002-Q3 | 38.87 (estimated) |
| 2002-Q2 | 49.92 (estimated) |
| 2002-Q1 | 44.08 (estimated) |
| 2001-Q4 | 11.19 (estimated) |
| 2001-Q3 | 0.75 (estimated) |
| 2001-Q2 | 1.99 (estimated) |
| 2001-Q1 | 1.05 (estimated) |
| 2000-Q4 | 2.25 (estimated) |
| 2000-Q3 | 3.09 (estimated) |
| 2000-Q2 | 3.53 (estimated) |
| 2000-Q1 | 4.35 (estimated) |
| 1999-Q4 | 5.83 (estimated) |
| 1999-Q3 | 6.22 (estimated) |
| 1999-Q2 | 7.08 (estimated) |
| 1999-Q1 | 7.13 (estimated) |
| 1998-Q4 | 7.49 (estimated) |
| 1998-Q3 | 7.22 (estimated) |
| 1998-Q2 | 6.82 (estimated) |
| 1998-Q1 | 6.78 (estimated) |
| 1997-Q4 | 6.85 (estimated) |
| 1997-Q3 | 6.2 (estimated) |
| 1997-Q2 | 5.93 (estimated) |
| 1997-Q1 | 5.24 (estimated) |
| 1996-Q4 | 4.98 (estimated) |
| 1996-Q3 | 4.6 (estimated) |
| 1996-Q2 | 4.73 (estimated) |
| 1996-Q1 | 4.49 (estimated) |
| 1995-Q4 | 4.76 (estimated) |
| 1995-Q3 | 3.71 (estimated) |
| 1995-Q2 | 4.21 (estimated) |
| 1995-Q1 | 3.66 (estimated) |
| 1994-Q4 | 4.58 (estimated) |