# Private non-financial credit-to-GDP gap in Hong Kong

Private non-financial credit-to-GDP gap in Hong Kong was -46.93 percentage points in Q1 2026 (estimated). Source: Bank for International Settlements.

- Indicator id: `private_nonfinancial_credit_gap`
- Place id: `hk`
- 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/hong-kong
- API: https://invokely.ai/api/v1/series?indicator=private_nonfinancial_credit_gap&place=hk

| Period | percentage points |
|---|---:|
| 2026-Q1 | -46.93 (estimated) |
| 2025-Q4 | -57.3 (estimated) |
| 2025-Q3 | -54.24 (estimated) |
| 2025-Q2 | -52.12 (estimated) |
| 2025-Q1 | -57.27 (estimated) |
| 2024-Q4 | -61.37 (estimated) |
| 2024-Q3 | -54.31 (estimated) |
| 2024-Q2 | -49.74 (estimated) |
| 2024-Q1 | -31.12 (estimated) |
| 2023-Q4 | -25.05 (estimated) |
| 2023-Q3 | -21.62 (estimated) |
| 2023-Q2 | -10.65 (estimated) |
| 2023-Q1 | -6.25 (estimated) |
| 2022-Q4 | -6.25 (estimated) |
| 2022-Q3 | -2.5 (estimated) |
| 2022-Q2 | 10.01 (estimated) |
| 2022-Q1 | 11.29 (estimated) |
| 2021-Q4 | 2.48 (estimated) |
| 2021-Q3 | 18.05 (estimated) |
| 2021-Q2 | 37.95 (estimated) |
| 2021-Q1 | 35.1 (estimated) |
| 2020-Q4 | 35.47 (estimated) |
| 2020-Q3 | 48.83 (estimated) |
| 2020-Q2 | 34.92 (estimated) |
| 2020-Q1 | 34.76 (estimated) |
| 2019-Q4 | 20.95 (estimated) |
| 2019-Q3 | 21.77 (estimated) |
| 2019-Q2 | 21.02 (estimated) |
| 2019-Q1 | 19.08 (estimated) |
| 2018-Q4 | 22.26 (estimated) |
| 2018-Q3 | 23.64 (estimated) |
| 2018-Q2 | 39.95 (estimated) |
| 2018-Q1 | 48.83 (estimated) |
| 2017-Q4 | 47.89 (estimated) |
| 2017-Q3 | 44.62 (estimated) |
| 2017-Q2 | 45.4 (estimated) |
| 2017-Q1 | 35.98 (estimated) |
| 2016-Q4 | 29.69 (estimated) |
| 2016-Q3 | 28.79 (estimated) |
| 2016-Q2 | 31.49 (estimated) |
| 2016-Q1 | 30.17 (estimated) |
| 2015-Q4 | 35.4 (estimated) |
| 2015-Q3 | 28.05 (estimated) |
| 2015-Q2 | 38.02 (estimated) |
| 2015-Q1 | 42.28 (estimated) |
| 2014-Q4 | 37.17 (estimated) |
| 2014-Q3 | 49.81 (estimated) |
| 2014-Q2 | 49.33 (estimated) |
| 2014-Q1 | 44.15 (estimated) |
| 2013-Q4 | 34.07 (estimated) |
| 2013-Q3 | 38.56 (estimated) |
| 2013-Q2 | 37.6 (estimated) |
| 2013-Q1 | 26.23 (estimated) |
| 2012-Q4 | 21.18 (estimated) |
| 2012-Q3 | 24.36 (estimated) |
| 2012-Q2 | 26.48 (estimated) |
| 2012-Q1 | 28.49 (estimated) |
| 2011-Q4 | 29.75 (estimated) |
| 2011-Q3 | 39.63 (estimated) |
| 2011-Q2 | 40.7 (estimated) |
| 2011-Q1 | 38.12 (estimated) |
| 2010-Q4 | 29.05 (estimated) |
| 2010-Q3 | 30.83 (estimated) |
| 2010-Q2 | 20.34 (estimated) |
| 2010-Q1 | 10.69 (estimated) |
| 2009-Q4 | 6.2 (estimated) |
| 2009-Q3 | 10.69 (estimated) |
| 2009-Q2 | 8.56 (estimated) |
| 2009-Q1 | 1.22 (estimated) |
| 2008-Q4 | 7.11 (estimated) |
| 2008-Q3 | 14.18 (estimated) |
| 2008-Q2 | 13.79 (estimated) |
| 2008-Q1 | 9.69 (estimated) |
| 2007-Q4 | 7.16 (estimated) |
| 2007-Q3 | 14.71 (estimated) |
| 2007-Q2 | 9.99 (estimated) |
| 2007-Q1 | 1.48 (estimated) |
| 2006-Q4 | -0.39 (estimated) |
| 2006-Q3 | -1.22 (estimated) |
| 2006-Q2 | -0.79 (estimated) |
| 2006-Q1 | -2.92 (estimated) |
| 2005-Q4 | -1.46 (estimated) |
| 2005-Q3 | -1.85 (estimated) |
| 2005-Q2 | 1.84 (estimated) |
| 2005-Q1 | -2.63 (estimated) |
| 2004-Q4 | -4.14 (estimated) |
| 2004-Q3 | -6.88 (estimated) |
| 2004-Q2 | -6.72 (estimated) |
| 2004-Q1 | -2.73 (estimated) |
| 2003-Q4 | -4.63 (estimated) |
| 2003-Q3 | -6.48 (estimated) |
| 2003-Q2 | -7.15 (estimated) |
| 2003-Q1 | -12.27 (estimated) |
| 2002-Q4 | -12.28 (estimated) |
| 2002-Q3 | -11.39 (estimated) |
| 2002-Q2 | -11.27 (estimated) |
| 2002-Q1 | -10.55 (estimated) |
| 2001-Q4 | -11.96 (estimated) |
| 2001-Q3 | -10.95 (estimated) |
| 2001-Q2 | -11.48 (estimated) |
| 2001-Q1 | -9.91 (estimated) |
| 2000-Q4 | -11.14 (estimated) |
| 2000-Q3 | -8.11 (estimated) |
| 2000-Q2 | -12.99 (estimated) |
| 2000-Q1 | -9.97 (estimated) |
| 1999-Q4 | -7.72 (estimated) |
| 1999-Q3 | -4.76 (estimated) |
| 1999-Q2 | -3.05 (estimated) |
| 1999-Q1 | 0.25 (estimated) |
| 1998-Q4 | 2.65 (estimated) |
| 1998-Q3 | 5.42 (estimated) |
| 1998-Q2 | 4.55 (estimated) |
| 1998-Q1 | 4.46 (estimated) |
| 1997-Q4 | 7.55 (estimated) |
| 1997-Q3 | 14.58 (estimated) |
| 1997-Q2 | 11.59 (estimated) |
| 1997-Q1 | 7.14 (estimated) |
| 1996-Q4 | 2.82 (estimated) |
| 1996-Q3 | 2.58 (estimated) |
| 1996-Q2 | 3.11 (estimated) |
| 1996-Q1 | -0.67 (estimated) |
| 1995-Q4 | -1.8 (estimated) |
| 1995-Q3 | -4.82 (estimated) |
| 1995-Q2 | -4.93 (estimated) |
| 1995-Q1 | -9.47 (estimated) |
| 1994-Q4 | -11.87 (estimated) |
| 1994-Q3 | -10.07 (estimated) |
| 1994-Q2 | -9.28 (estimated) |
| 1994-Q1 | -10.75 (estimated) |
| 1993-Q4 | -12.79 (estimated) |
| 1993-Q3 | -11.71 (estimated) |
| 1993-Q2 | -13.42 (estimated) |
| 1993-Q1 | -11.83 (estimated) |
| 1992-Q4 | -16.04 (estimated) |
| 1992-Q3 | -11.28 (estimated) |
| 1992-Q2 | -9.62 (estimated) |
| 1992-Q1 | -10.25 (estimated) |
| 1991-Q4 | -7.7 (estimated) |
| 1991-Q3 | -6.6 (estimated) |
| 1991-Q2 | -6.02 (estimated) |
| 1991-Q1 | 5.18 (estimated) |
| 1990-Q4 | 10.44 (estimated) |
| 1990-Q3 | 5.57 (estimated) |
| 1990-Q2 | 6.5 (estimated) |
| 1990-Q1 | 4.62 (estimated) |
| 1989-Q4 | 6.55 (estimated) |
| 1989-Q3 | 5.39 (estimated) |
| 1989-Q2 | 1.9 (estimated) |
| 1989-Q1 | 2.62 (estimated) |
| 1988-Q4 | -6.41 (estimated) |