Data / Private non-financial credit-to-GDP gap / Portugal

Private non-financial credit-to-GDP gap in Portugal

Private non-financial credit-to-GDP gap in Portugal was -24.25 percentage points in Q1 2026, according to the Bank for International Settlements. That is up 8.07 pts from Q1 2025. That is the 11th highest of 17 EU countries in Q1 2026.

Q1 2026, percentage points-24.25 Estimated
Change on Q1 2025+8.07 pts
Rank11th of 17EU countries ranked
Series high35.37Q3 2001
Series low-47.36Q2 2018
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Private non-financial credit-to-GDP gap in Portugal, Q4 1970 to Q1 2026

-60-40-20020401970-Q41978-Q41986-Q41994-Q42002-Q42010-Q42018-Q42026-Q12026-Q1: -24.25 percentage points-50-25025501970-Q41989-Q22007-Q42026-Q12026-Q1: -24.25 percentage points
percentage points. Source: BIS, BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Retrieved 2026-10-12.
All 222 values
Periodpercentage points
2026-Q1-24.25 Estimated
2025-Q4-27.04 Estimated
2025-Q3-28.41 Estimated
2025-Q2-30.13 Estimated
2025-Q1-32.32 Estimated
2024-Q4-34.96 Estimated
2024-Q3-36.18 Estimated
2024-Q2-37.66 Estimated
2024-Q1-39.55 Estimated
2023-Q4-40.24 Estimated
2023-Q3-38.77 Estimated
2023-Q2-39.37 Estimated
2023-Q1-37.21 Estimated
2022-Q4-34.59 Estimated
2022-Q3-32.77 Estimated
2022-Q2-30.76 Estimated
2022-Q1-28.49 Estimated
2021-Q4-26.34 Estimated
2021-Q3-24.95 Estimated
2021-Q2-24.24 Estimated
2021-Q1-19.54 Estimated
2020-Q4-23.86 Estimated
2020-Q3-27.94 Estimated
2020-Q2-32.36 Estimated
2020-Q1-43.91 Estimated
2019-Q4-46.41 Estimated
2019-Q3-45.49 Estimated
2019-Q2-46.01 Estimated
2019-Q1-46.52 Estimated
2018-Q4-47.13 Estimated
2018-Q3-46.86 Estimated
2018-Q2-47.36 Estimated
2018-Q1-45.97 Estimated
2017-Q4-45.08 Estimated
2017-Q3-44.71 Estimated
2017-Q2-43.95 Estimated
2017-Q1-43.55 Estimated
2016-Q4-44.2 Estimated
2016-Q3-41.74 Estimated
2016-Q2-39.57 Estimated
2016-Q1-37.96 Estimated
2015-Q4-35.5 Estimated
2015-Q3-33.58 Estimated
2015-Q2-30.66 Estimated
2015-Q1-27.88 Estimated
2014-Q4-25.48 Estimated
2014-Q3-24.02 Estimated
2014-Q2-21.5 Estimated
2014-Q1-17.96 Estimated
2013-Q4-12.63 Estimated
2013-Q3-7.44 Estimated
2013-Q2-1.97 Estimated
2013-Q11.72 Estimated
2012-Q45.3 Estimated
2012-Q35.07 Estimated
2012-Q24.36 Estimated
2012-Q14.83 Estimated
2011-Q45.78 Estimated
2011-Q37.59 Estimated
2011-Q28.47 Estimated
2011-Q19.53 Estimated
2010-Q49.61 Estimated
2010-Q38.89 Estimated
2010-Q212.91 Estimated
2010-Q113.89 Estimated
2009-Q416.55 Estimated
2009-Q320.05 Estimated
2009-Q221.64 Estimated
2009-Q120.57 Estimated
2008-Q418.46 Estimated
2008-Q318.66 Estimated
2008-Q219.81 Estimated
2008-Q117.36 Estimated
2007-Q416.31 Estimated
2007-Q315.55 Estimated
2007-Q216.43 Estimated
2007-Q114.39 Estimated
2006-Q415.78 Estimated
2006-Q317.12 Estimated
2006-Q219.22 Estimated
2006-Q120.92 Estimated
2005-Q421.7 Estimated
2005-Q321.99 Estimated
2005-Q224.22 Estimated
2005-Q124.19 Estimated
2004-Q427.32 Estimated
2004-Q328.23 Estimated
2004-Q229.41 Estimated
2004-Q130.29 Estimated
2003-Q428.74 Estimated
2003-Q329.85 Estimated
2003-Q232.17 Estimated
2003-Q133.9 Estimated
2002-Q431.71 Estimated
2002-Q330.32 Estimated
2002-Q230.1 Estimated
2002-Q133.17 Estimated
2001-Q435.24 Estimated
2001-Q335.37 Estimated
2001-Q235.24 Estimated
2001-Q134.87 Estimated
2000-Q433.11 Estimated
2000-Q333.26 Estimated
2000-Q233.1 Estimated
2000-Q133.28 Estimated
1999-Q429.7 Estimated
1999-Q328.5 Estimated
1999-Q227.42 Estimated
1999-Q123.41 Estimated
1998-Q423.37 Estimated
1998-Q320.44 Estimated
1998-Q219.93 Estimated
1998-Q119.51 Estimated
1997-Q414.49 Estimated
1997-Q312.95 Estimated
1997-Q213.57 Estimated
1997-Q114.38 Estimated
1996-Q412.48 Estimated
1996-Q310.66 Estimated
1996-Q210.09 Estimated
1996-Q18.93 Estimated
1995-Q44.4 Estimated
1995-Q33.64 Estimated
1995-Q23.75 Estimated
1995-Q13.89 Estimated
1994-Q46.32 Estimated
1994-Q32.94 Estimated
1994-Q22.97 Estimated
1994-Q12.9 Estimated
1993-Q43.51 Estimated
1993-Q3-1.46 Estimated
1993-Q2-2.92 Estimated
1993-Q1-7.14 Estimated
1992-Q4-7.77 Estimated
1992-Q3-12.45 Estimated
1992-Q2-15.23 Estimated
1992-Q1-17.2 Estimated
1991-Q4-15.92 Estimated
1991-Q3-17.71 Estimated
1991-Q2-19.17 Estimated
1991-Q1-23.49 Estimated
1990-Q4-26.85 Estimated
1990-Q3-27.42 Estimated
1990-Q2-25.46 Estimated
1990-Q1-28.12 Estimated
1989-Q4-28.45 Estimated
1989-Q3-31.58 Estimated
1989-Q2-32.81 Estimated
1989-Q1-33.76 Estimated
1988-Q4-31.5 Estimated
1988-Q3-32.97 Estimated
1988-Q2-33.81 Estimated
1988-Q1-33.14 Estimated
1987-Q4-33.34 Estimated
1987-Q3-32.5 Estimated
1987-Q2-32.8 Estimated
1987-Q1-31.54 Estimated
1986-Q4-30.61 Estimated
1986-Q3-28.79 Estimated
1986-Q2-26.35 Estimated
1986-Q1-22.64 Estimated
1985-Q4-15.75 Estimated
1985-Q3-9.96 Estimated
1985-Q2-4.65 Estimated
1985-Q1-0.71 Estimated
1984-Q44.07 Estimated
1984-Q35.29 Estimated
1984-Q24.76 Estimated
1984-Q14.3 Estimated
1983-Q49.13 Estimated
1983-Q33.19 Estimated
1983-Q25.35 Estimated
1983-Q13.44 Estimated
1982-Q44.37 Estimated
1982-Q32.7 Estimated
1982-Q22.85 Estimated
1982-Q10.65 Estimated
1981-Q4-0.22 Estimated
1981-Q3-1.76 Estimated
1981-Q2-2.27 Estimated
1981-Q1-6.18 Estimated
1980-Q4-8.48 Estimated
1980-Q3-12.93 Estimated
1980-Q2-12.28 Estimated
1980-Q1-10.98 Estimated
1979-Q4-11.08 Estimated
1979-Q3-12.34 Estimated
1979-Q2-10.58 Estimated
1979-Q1-10.71 Estimated
1978-Q4-7.77 Estimated
1978-Q3-8.15 Estimated
1978-Q2-6.69 Estimated
1978-Q1-7.81 Estimated
1977-Q4-4.53 Estimated
1977-Q3-8.79 Estimated
1977-Q2-8.41 Estimated
1977-Q1-3.53 Estimated
1976-Q41.26 Estimated
1976-Q3-5.94 Estimated
1976-Q2-3.38 Estimated
1976-Q1-1.2 Estimated
1975-Q42.88 Estimated
1975-Q31.85 Estimated
1975-Q23.25 Estimated
1975-Q13.09 Estimated
1974-Q45.48 Estimated
1974-Q33.26 Estimated
1974-Q25.14 Estimated
1974-Q19.57 Estimated
1973-Q413.55 Estimated
1973-Q38.52 Estimated
1973-Q28.64 Estimated
1973-Q111.9 Estimated
1972-Q410.96 Estimated
1972-Q39.45 Estimated
1972-Q29.24 Estimated
1972-Q18.57 Estimated
1971-Q47.42 Estimated
1971-Q32.62 Estimated
1971-Q21.57 Estimated
1971-Q10.28 Estimated
1970-Q42.07 Estimated

Portugal compared with nearby places

Austria: -14.71 percentage pointsBelgium: -30.28 percentage pointsCzechia: -3.53 percentage pointsGermany: -4.18 percentage pointsDenmark: -20.56 percentage pointsSpain: -24.29 percentage pointsFinland: -21.09 percentage pointsFrance: -15.74 percentage pointsGreece: -18.1 percentage pointsHungary: -8.1 percentage pointsIreland: -64.56 percentage pointsItaly: -13.56 percentage pointsLuxembourg: -38.3 percentage pointsNetherlands: -47.24 percentage pointsPoland: -15.62 percentage pointsPortugal: -24.25 percentage pointsSweden: -30.3 percentage points
  • Under -30
  • -30 to -23
  • -23 to -17
  • -17 to -14
  • -14 and over
  • No data
Private non-financial credit-to-GDP gap, Q1 2026, percentage points. Portugal is outlined. Same source and period for every area shown. Source: Bank for International Settlements. Boundaries: Natural Earth (public domain).

Rankings

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.

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.

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How to cite

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.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

Bank for International Settlements. (n.d.). BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap (Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1) [Data set]. Retrieved October 12, 2026, from 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

MLA 9

BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap, Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1. Bank for International Settlements, 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. Invokely, https://invokely.ai/en/private-nonfinancial-credit-gap/portugal. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1. Dataset. Accessed October 12, 2026. 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. Also distributed by Invokely, https://invokely.ai/en/private-nonfinancial-credit-gap/portugal.

Harvard

Bank for International Settlements (no date) BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap, Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1 [Dataset]. Available at: 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, via Invokely: https://invokely.ai/en/private-nonfinancial-credit-gap/portugal (Accessed: 12 October 2026).

BibTeX
@misc{bank_private_non_financial_credit_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_CREDIT\_GAP: P.A.C, quarterly, private nonfinancial credit gap: Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1}},
  howpublished = {Data set},
  url = {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},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/en/private-nonfinancial-credit-gap/portugal. Publisher attribution: 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.},
}
RIS
TY  - DATA
AU  - Bank for International Settlements
TI  - BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap: Private non-financial credit-to-GDP gap, Portugal, 1970-Q4 to 2026-Q1
PB  - Bank for International Settlements
DB  - Invokely
UR  - 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
L2  - https://invokely.ai/en/private-nonfinancial-credit-gap/portugal
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/en/private-nonfinancial-credit-gap/portugal.
N1  - Publisher attribution: 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.
ER  -
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What is the latest private non-financial credit-to-GDP gap in Portugal? Cite the source.
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Questions

What is the private non-financial credit-to-GDP gap in Portugal?

Private non-financial credit-to-GDP gap in Portugal was -24.25 percentage points in Q1 2026, according to the Bank for International Settlements. That is up 8.07 pts from Q1 2025. That is the 11th highest of 17 EU countries in Q1 2026.

Where does this figure come from?

Bank for International Settlements. BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Retrieved by Invokely on 2026-10-12.

What was the highest private non-financial credit-to-GDP gap in Portugal?

35.37 percentage points in Q3 2001, the highest value since Q4 1970 in this series.

Private non-financial credit-to-GDP gap elsewhere in European Union (27)

Related statistics for Portugal

All statistics for Portugal | Portugal in figures