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

Private non-financial credit-to-GDP gap in Italy was -13.56 percentage points in Q1 2026 (estimated). Source: Bank for International Settlements.

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

| Period | percentage points |
|---|---:|
| 2026-Q1 | -13.56 (estimated) |
| 2025-Q4 | -14.45 (estimated) |
| 2025-Q3 | -15.58 (estimated) |
| 2025-Q2 | -15.84 (estimated) |
| 2025-Q1 | -17.06 (estimated) |
| 2024-Q4 | -17.87 (estimated) |
| 2024-Q3 | -19.38 (estimated) |
| 2024-Q2 | -19.34 (estimated) |
| 2024-Q1 | -19.56 (estimated) |
| 2023-Q4 | -19.19 (estimated) |
| 2023-Q3 | -19.8 (estimated) |
| 2023-Q2 | -17.98 (estimated) |
| 2023-Q1 | -17.06 (estimated) |
| 2022-Q4 | -15.16 (estimated) |
| 2022-Q3 | -14.53 (estimated) |
| 2022-Q2 | -13.69 (estimated) |
| 2022-Q1 | -12.37 (estimated) |
| 2021-Q4 | -10.17 (estimated) |
| 2021-Q3 | -10.08 (estimated) |
| 2021-Q2 | -7.92 (estimated) |
| 2021-Q1 | -3.61 (estimated) |
| 2020-Q4 | -3.3 (estimated) |
| 2020-Q3 | -5.27 (estimated) |
| 2020-Q2 | -8.32 (estimated) |
| 2020-Q1 | -14.29 (estimated) |
| 2019-Q4 | -16.4 (estimated) |
| 2019-Q3 | -16.51 (estimated) |
| 2019-Q2 | -17.17 (estimated) |
| 2019-Q1 | -17.77 (estimated) |
| 2018-Q4 | -17.55 (estimated) |
| 2018-Q3 | -17.69 (estimated) |
| 2018-Q2 | -17.67 (estimated) |
| 2018-Q1 | -18.36 (estimated) |
| 2017-Q4 | -17.87 (estimated) |
| 2017-Q3 | -18.43 (estimated) |
| 2017-Q2 | -17.27 (estimated) |
| 2017-Q1 | -16.57 (estimated) |
| 2016-Q4 | -16.56 (estimated) |
| 2016-Q3 | -14.77 (estimated) |
| 2016-Q2 | -13.93 (estimated) |
| 2016-Q1 | -14.2 (estimated) |
| 2015-Q4 | -13 (estimated) |
| 2015-Q3 | -10.75 (estimated) |
| 2015-Q2 | -9.63 (estimated) |
| 2015-Q1 | -8.54 (estimated) |
| 2014-Q4 | -8.16 (estimated) |
| 2014-Q3 | -6.45 (estimated) |
| 2014-Q2 | -5.65 (estimated) |
| 2014-Q1 | -5.04 (estimated) |
| 2013-Q4 | -4.1 (estimated) |
| 2013-Q3 | -2.68 (estimated) |
| 2013-Q2 | -1.47 (estimated) |
| 2013-Q1 | -0.3 (estimated) |
| 2012-Q4 | 1.2 (estimated) |
| 2012-Q3 | 1.33 (estimated) |
| 2012-Q2 | 2.27 (estimated) |
| 2012-Q1 | 2.74 (estimated) |
| 2011-Q4 | 3.16 (estimated) |
| 2011-Q3 | 4.96 (estimated) |
| 2011-Q2 | 6.71 (estimated) |
| 2011-Q1 | 7.74 (estimated) |
| 2010-Q4 | 9.25 (estimated) |
| 2010-Q3 | 10.69 (estimated) |
| 2010-Q2 | 11.97 (estimated) |
| 2010-Q1 | 13.12 (estimated) |
| 2009-Q4 | 14.47 (estimated) |
| 2009-Q3 | 15.27 (estimated) |
| 2009-Q2 | 16.53 (estimated) |
| 2009-Q1 | 14.36 (estimated) |
| 2008-Q4 | 12.53 (estimated) |
| 2008-Q3 | 14.36 (estimated) |
| 2008-Q2 | 15.78 (estimated) |
| 2008-Q1 | 16.93 (estimated) |
| 2007-Q4 | 14.96 (estimated) |
| 2007-Q3 | 12.68 (estimated) |
| 2007-Q2 | 13.11 (estimated) |
| 2007-Q1 | 11.85 (estimated) |
| 2006-Q4 | 12.26 (estimated) |
| 2006-Q3 | 11 (estimated) |
| 2006-Q2 | 11.43 (estimated) |
| 2006-Q1 | 10.77 (estimated) |
| 2005-Q4 | 10.8 (estimated) |
| 2005-Q3 | 9.5 (estimated) |
| 2005-Q2 | 9.91 (estimated) |
| 2005-Q1 | 9.39 (estimated) |
| 2004-Q4 | 9.39 (estimated) |
| 2004-Q3 | 8.19 (estimated) |
| 2004-Q2 | 8.79 (estimated) |
| 2004-Q1 | 7.72 (estimated) |
| 2003-Q4 | 8.77 (estimated) |
| 2003-Q3 | 7.34 (estimated) |
| 2003-Q2 | 8.23 (estimated) |
| 2003-Q1 | 7.56 (estimated) |
| 2002-Q4 | 8.15 (estimated) |
| 2002-Q3 | 7.32 (estimated) |
| 2002-Q2 | 8.21 (estimated) |
| 2002-Q1 | 7.83 (estimated) |
| 2001-Q4 | 8.47 (estimated) |
| 2001-Q3 | 7.28 (estimated) |
| 2001-Q2 | 7.79 (estimated) |
| 2001-Q1 | 7.53 (estimated) |
| 2000-Q4 | 7.58 (estimated) |
| 2000-Q3 | 5.37 (estimated) |
| 2000-Q2 | 5.27 (estimated) |
| 2000-Q1 | 5 (estimated) |
| 1999-Q4 | 5.95 (estimated) |
| 1999-Q3 | 3.46 (estimated) |
| 1999-Q2 | 3.05 (estimated) |
| 1999-Q1 | -0.04 (estimated) |
| 1998-Q4 | 0.59 (estimated) |
| 1998-Q3 | -0.9 (estimated) |
| 1998-Q2 | 0.04 (estimated) |
| 1998-Q1 | -0.2 (estimated) |
| 1997-Q4 | 0.5 (estimated) |
| 1997-Q3 | -0.53 (estimated) |
| 1997-Q2 | 0.62 (estimated) |
| 1997-Q1 | 0.32 (estimated) |
| 1996-Q4 | 1.51 (estimated) |
| 1996-Q3 | 0.78 (estimated) |
| 1996-Q2 | 2 (estimated) |
| 1996-Q1 | 2.34 (estimated) |
| 1995-Q4 | 3.95 (estimated) |
| 1995-Q3 | 3.65 (estimated) |
| 1995-Q2 | 5.42 (estimated) |
| 1995-Q1 | 5.35 (estimated) |
| 1994-Q4 | 7.01 (estimated) |
| 1994-Q3 | 5.15 (estimated) |
| 1994-Q2 | 7.65 (estimated) |
| 1994-Q1 | 8.35 (estimated) |
| 1993-Q4 | 12.28 (estimated) |
| 1993-Q3 | 10.74 (estimated) |
| 1993-Q2 | 12.73 (estimated) |
| 1993-Q1 | 13.29 (estimated) |
| 1992-Q4 | 14.59 (estimated) |
| 1992-Q3 | 11.73 (estimated) |
| 1992-Q2 | 12.32 (estimated) |
| 1992-Q1 | 11.51 (estimated) |
| 1991-Q4 | 13.06 (estimated) |
| 1991-Q3 | 9.32 (estimated) |
| 1991-Q2 | 10.57 (estimated) |
| 1991-Q1 | 8.68 (estimated) |
| 1990-Q4 | 12.35 (estimated) |
| 1990-Q3 | 6.42 (estimated) |
| 1990-Q2 | 8.5 (estimated) |
| 1990-Q1 | 7.91 (estimated) |
| 1989-Q4 | 10.53 (estimated) |
| 1989-Q3 | 6.28 (estimated) |
| 1989-Q2 | 8.07 (estimated) |
| 1989-Q1 | 6.42 (estimated) |
| 1988-Q4 | 7.5 (estimated) |
| 1988-Q3 | 3.55 (estimated) |
| 1988-Q2 | 4.5 (estimated) |
| 1988-Q1 | 2.75 (estimated) |
| 1987-Q4 | 4.82 (estimated) |
| 1987-Q3 | 0.68 (estimated) |
| 1987-Q2 | 2.7 (estimated) |
| 1987-Q1 | 1.88 (estimated) |
| 1986-Q4 | 2.84 (estimated) |
| 1986-Q3 | -1.38 (estimated) |
| 1986-Q2 | -1.47 (estimated) |
| 1986-Q1 | -2 (estimated) |
| 1985-Q4 | 1.39 (estimated) |
| 1985-Q3 | -2.42 (estimated) |
| 1985-Q2 | -1.44 (estimated) |
| 1985-Q1 | -0.69 (estimated) |
| 1984-Q4 | -0.23 (estimated) |
| 1984-Q3 | -3.36 (estimated) |
| 1984-Q2 | -4.81 (estimated) |
| 1984-Q1 | -5.97 (estimated) |
| 1983-Q4 | -6.31 (estimated) |
| 1983-Q3 | -9.47 (estimated) |
| 1983-Q2 | -9.11 (estimated) |
| 1983-Q1 | -8.59 (estimated) |
| 1982-Q4 | -7.77 (estimated) |
| 1982-Q3 | -10.64 (estimated) |
| 1982-Q2 | -11.23 (estimated) |
| 1982-Q1 | -10.74 (estimated) |
| 1981-Q4 | -8.82 (estimated) |
| 1981-Q3 | -11.47 (estimated) |
| 1981-Q2 | -11.26 (estimated) |
| 1981-Q1 | -11.39 (estimated) |
| 1980-Q4 | -11.68 (estimated) |
| 1980-Q3 | -16.12 (estimated) |
| 1980-Q2 | -14.8 (estimated) |
| 1980-Q1 | -15.85 (estimated) |
| 1979-Q4 | -14.6 (estimated) |
| 1979-Q3 | -17.37 (estimated) |
| 1979-Q2 | -17.43 (estimated) |
| 1979-Q1 | -16.59 (estimated) |
| 1978-Q4 | -15.6 (estimated) |
| 1978-Q3 | -17.98 (estimated) |
| 1978-Q2 | -18.57 (estimated) |
| 1978-Q1 | -16.75 (estimated) |
| 1977-Q4 | -13.49 (estimated) |
| 1977-Q3 | -14.77 (estimated) |
| 1977-Q2 | -14.61 (estimated) |
| 1977-Q1 | -13.54 (estimated) |
| 1976-Q4 | -12.67 (estimated) |
| 1976-Q3 | -12.11 (estimated) |
| 1976-Q2 | -11.08 (estimated) |
| 1976-Q1 | -7.59 (estimated) |
| 1975-Q4 | -7.22 (estimated) |
| 1975-Q3 | -7.48 (estimated) |
| 1975-Q2 | -8.14 (estimated) |
| 1975-Q1 | -8.62 (estimated) |
| 1974-Q4 | -8.55 (estimated) |
| 1974-Q3 | -7.57 (estimated) |
| 1974-Q2 | -6.23 (estimated) |
| 1974-Q1 | -4.87 (estimated) |
| 1973-Q4 | -3.41 (estimated) |
| 1973-Q3 | -1.51 (estimated) |
| 1973-Q2 | 0.52 (estimated) |
| 1973-Q1 | 1.66 (estimated) |
| 1972-Q4 | 1.38 (estimated) |
| 1972-Q3 | 1.16 (estimated) |
| 1972-Q2 | 0.73 (estimated) |
| 1972-Q1 | 0.34 (estimated) |
| 1971-Q4 | -0.01 (estimated) |
| 1971-Q3 | -0.58 (estimated) |
| 1971-Q2 | -1.41 (estimated) |
| 1971-Q1 | -2.15 (estimated) |
| 1970-Q4 | -2.46 (estimated) |