Data / Rankings / Private non-financial credit-to-GDP gap / Countries

Countries by private non-financial credit-to-GDP gap

Japan had the highest private non-financial credit-to-GDP gap of 43 countries in Q4 2024, at 7.23 percentage points. Ireland had the lowest, at -78.97 percentage points. The median was -15.02 percentage points. Source: the Bank for International Settlements.

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Highest7.23Japan
Lowest-78.97Ireland
Median-15.0243 countries

Map of countries, Q4 2024

Argentina: -0.32 percentage pointsAustria: -15.02 percentage pointsAustralia: -15.16 percentage pointsBelgium: -33.7 percentage pointsBrazil: 4.21 percentage pointsCanada: -15.49 percentage pointsSwitzerland: -14.92 percentage pointsChile: -15.48 percentage pointsChina: -7.58 percentage pointsColombia: -9.7 percentage pointsCzechia: -2.88 percentage pointsGermany: -4.36 percentage pointsDenmark: -29 percentage pointsSpain: -31.76 percentage pointsFinland: -17.91 percentage pointsFrance: -17.02 percentage pointsUnited Kingdom: -18.7 percentage pointsGreece: -25.95 percentage pointsHong Kong: -61.37 percentage pointsHungary: -4.53 percentage pointsIndonesia: -1.34 percentage pointsIreland: -78.97 percentage pointsIsrael: -1.62 percentage pointsIndia: -5.94 percentage pointsItaly: -17.87 percentage pointsJapan: 7.23 percentage pointsSouth Korea: -5.2 percentage pointsLuxembourg: -35.74 percentage pointsMexico: -2.15 percentage pointsMalaysia: -6.08 percentage pointsNetherlands: -53.68 percentage pointsNorway: -15.32 percentage pointsNew Zealand: -11.77 percentage pointsPoland: -19.74 percentage pointsPortugal: -34.96 percentage pointsRussia: -11.87 percentage pointsSaudi Arabia: 3.68 percentage pointsSweden: -24.18 percentage pointsSingapore: -36.54 percentage pointsThailand: -2.13 percentage pointsTürkiye: -33.8 percentage pointsUnited States: -12.46 percentage pointsSouth Africa: -6.34 percentage points
  • Under -19
  • -19 to -9.7
  • -9.7 to 0
  • 0 to 4
  • 4 to 5.2
  • 5.2 and over
  • No data
percentage points, Q4 2024. Red areas are below zero and blue areas above it. Hatched areas have no value for this period. Source: BIS, BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Boundaries: Natural Earth (public domain).

All countries, Q4 2024

Japan: 7.23 percentage pointsJapan7.23Brazil: 4.21 percentage pointsBrazil4.21Saudi Arabia: 3.68 percentage pointsSaudi Arabia3.68Argentina: -0.32 percentage pointsArgentina-0.32Indonesia: -1.34 percentage pointsIndonesia-1.34Israel: -1.62 percentage pointsIsrael-1.62Thailand: -2.13 percentage pointsThailand-2.13Mexico: -2.15 percentage pointsMexico-2.15Czechia: -2.88 percentage pointsCzechia-2.88Germany: -4.36 percentage pointsGermany-4.36Hungary: -4.53 percentage pointsHungary-4.53South Korea: -5.2 percentage pointsSouth Korea-5.2India: -5.94 percentage pointsIndia-5.94Malaysia: -6.08 percentage pointsMalaysia-6.08South Africa: -6.34 percentage pointsSouth Africa-6.34China: -7.58 percentage pointsChina-7.58Colombia: -9.7 percentage pointsColombia-9.7New Zealand: -11.77 percentage pointsNew Zealand-11.77Russia: -11.87 percentage pointsRussia-11.87United States: -12.46 percentage pointsUnited States-12.46Switzerland: -14.92 percentage pointsSwitzerland-14.92Austria: -15.02 percentage pointsAustria-15.02Australia: -15.16 percentage pointsAustralia-15.16Norway: -15.32 percentage pointsNorway-15.32Chile: -15.48 percentage pointsChile-15.48Canada: -15.49 percentage pointsCanada-15.49France: -17.02 percentage pointsFrance-17.02Italy: -17.87 percentage pointsItaly-17.87Finland: -17.91 percentage pointsFinland-17.91United Kingdom: -18.7 percentage pointsUnited Kingdom-18.7Poland: -19.74 percentage pointsPoland-19.74Sweden: -24.18 percentage pointsSweden-24.18Greece: -25.95 percentage pointsGreece-25.95Denmark: -29 percentage pointsDenmark-29Spain: -31.76 percentage pointsSpain-31.76Belgium: -33.7 percentage pointsBelgium-33.7Türkiye: -33.8 percentage pointsTürkiye-33.8Portugal: -34.96 percentage pointsPortugal-34.96Luxembourg: -35.74 percentage pointsLuxembourg-35.74Singapore: -36.54 percentage pointsSingapore-36.54Netherlands: -53.68 percentage pointsNetherlands-53.68Hong Kong: -61.37 percentage pointsHong Kong-61.37Ireland: -78.97 percentage pointsIreland-78.97Japan: 7.23 percentage pointsJapan7.23Brazil: 4.21 percentage pointsBrazil4.21Saudi Arabia: 3.68 percentage pointsSaudi Arabia3.68Argentina: -0.32 percentage pointsArgentina-0.32Indonesia: -1.34 percentage pointsIndonesia-1.34Israel: -1.62 percentage pointsIsrael-1.62Thailand: -2.13 percentage pointsThailand-2.13Mexico: -2.15 percentage pointsMexico-2.15Czechia: -2.88 percentage pointsCzechia-2.88Germany: -4.36 percentage pointsGermany-4.36Hungary: -4.53 percentage pointsHungary-4.53South Korea: -5.2 percentage pointsSouth Korea-5.2India: -5.94 percentage pointsIndia-5.94Malaysia: -6.08 percentage pointsMalaysia-6.08South Africa: -6.34 percentage pointsSouth Africa-6.34China: -7.58 percentage pointsChina-7.58Colombia: -9.7 percentage pointsColombia-9.7New Zealand: -11.77 percentage pointsNew Zealand-11.77Russia: -11.87 percentage pointsRussia-11.87United States: -12.46 percentage pointsUnited States-12.46Switzerland: -14.92 percentage pointsSwitzerland-14.92Austria: -15.02 percentage pointsAustria-15.02Australia: -15.16 percentage pointsAustralia-15.16Norway: -15.32 percentage pointsNorway-15.32Chile: -15.48 percentage pointsChile-15.48Canada: -15.49 percentage pointsCanada-15.49France: -17.02 percentage pointsFrance-17.02Italy: -17.87 percentage pointsItaly-17.87Finland: -17.91 percentage pointsFinland-17.91United Kingdom: -18.7 percentage pointsUnited Kingdom-18.7Poland: -19.74 percentage pointsPoland-19.74Sweden: -24.18 percentage pointsSweden-24.18Greece: -25.95 percentage pointsGreece-25.95Denmark: -29 percentage pointsDenmark-29Spain: -31.76 percentage pointsSpain-31.76Belgium: -33.7 percentage pointsBelgium-33.7Türkiye: -33.8 percentage pointsTürkiye-33.8Portugal: -34.96 percentage pointsPortugal-34.96Luxembourg: -35.74 percentage pointsLuxembourg-35.74Singapore: -36.54 percentage pointsSingapore-36.54Netherlands: -53.68 percentage pointsNetherlands-53.68Hong Kong: -61.37 percentage pointsHong Kong-61.37Ireland: -78.97 percentage pointsIreland-78.97
percentage points. Source: BIS, BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Retrieved 2026-10-12.

Full ranking

RankCountriesQ4 2024
percentage points		Change on Q4 2023
1Japan Estimated7.23-3.64 pts
2Brazil Estimated4.21+5.4 pts
3Saudi Arabia Estimated3.68+3.53 pts
4Argentina Estimated-0.32-11.58 pts
5Indonesia Estimated-1.34-0.46 pts
6Israel Estimated-1.62+0.45 pts
7Thailand Estimated-2.13-8.91 pts
8Mexico Estimated-2.15+2.38 pts
9Czechia Estimated-2.88+4.11 pts
10Germany Estimated-4.36-1.65 pts
11Hungary Estimated-4.53+3.9 pts
12South Korea Estimated-5.2-8.89 pts
13India Estimated-5.94+3.21 pts
14Malaysia Estimated-6.08-0.81 pts
15South Africa Estimated-6.34+1.09 pts
16China Estimated-7.58+1.74 pts
17Colombia Estimated-9.7-1.71 pts
18New Zealand Estimated-11.77+4.49 pts
19Russia Estimated-11.87+0.63 pts
20United States Estimated-12.46-1.83 pts
21Switzerland Estimated-14.92-0.87 pts
22Austria Estimated-15.02-0.57 pts
23Australia Estimated-15.16+8.49 pts
24Norway Estimated-15.32+7.26 pts
25Chile Estimated-15.48-1.93 pts
26Canada Estimated-15.49-1.7 pts
27France Estimated-17.02-3.51 pts
28Italy Estimated-17.87+1.32 pts
29Finland Estimated-17.91-1.93 pts
30United Kingdom Estimated-18.7+3.11 pts
31Poland Estimated-19.74+2.65 pts
32Sweden Estimated-24.18+9.66 pts
33Greece Estimated-25.95+7.01 pts
34Denmark Estimated-29-0.5 pts
35Spain Estimated-31.76+5.34 pts
36Belgium Estimated-33.7+4.58 pts
37Türkiye Estimated-33.8-3.93 pts
38Portugal Estimated-34.96+5.28 pts
39Luxembourg Estimated-35.74-17 pts
40Singapore Estimated-36.54-6.59 pts
41Netherlands Estimated-53.68-0.82 pts
42Hong Kong Estimated-61.37-36.32 pts
43Ireland Estimated-78.97+6.73 pts

Other periods

About this ranking

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.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. Equal values share a rank.

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 (Countries by private non-financial credit-to-GDP gap, 2024-Q4) [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, Countries by private non-financial credit-to-GDP gap, 2024-Q4. 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/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4. 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. Countries by private non-financial credit-to-GDP gap, 2024-Q4. 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/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4.

Harvard

Bank for International Settlements (no date) BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap, Countries by private non-financial credit-to-GDP gap, 2024-Q4 [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/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4 (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_private_non_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_CREDIT\_GAP: P.A.C, quarterly, private nonfinancial credit gap: Countries by private non-financial credit-to-GDP gap, 2024-Q4}},
  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/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4. 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: Countries by private non-financial credit-to-GDP gap, 2024-Q4
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/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-gap/countries?period=2024-Q4.
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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Rank Countries by private non-financial credit-to-GDP gap using official data, and cite the source.
rank_places {"indicator":"private_nonfinancial_credit_gap","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=private_nonfinancial_credit_gap&level=country&limit=10

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Questions

Which country has the highest private non-financial credit-to-GDP gap?

Japan, with 7.23 percentage points in Q4 2024, according to the Bank for International Settlements.

Which country has the lowest private non-financial credit-to-GDP gap?

Ireland, with -78.97 percentage points in Q4 2024.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Bank for International Settlements, BIS WS_CREDIT_GAP: P.A.C, quarterly, private nonfinancial credit gap. Retrieved 2026-10-12.

Private non-financial credit-to-GDP gap: other rankings

Countries: more rankings