{
 "id": "us-creditgap",
 "name": "Credit-to-GDP gap",
 "region": "us",
 "layer": "structural",
 "unit": "pp",
 "cadence": "quarterly",
 "state": "normal",
 "qualifier": "21.3 pp below",
 "threshold": {
  "label": "\u003e 10 pp",
  "op": "gt",
  "value": 10
 },
 "distance": 21.3204,
 "score": 100,
 "latest": {
  "period": "2026-01-01",
  "value": -11.3204
 },
 "stale": false,
 "trend": "flat",
 "publisher": "Bank for International Settlements",
 "series_code": "WS_CREDIT_GAP Q.US.P.A.C",
 "licence": "BIS terms of use: free reuse with attribution",
 "description": "Credit to the private non-financial sector as a share of GDP, minus its long-run trend. The BIS publishes it as the early-warning indicator behind the Basel III countercyclical capital buffer.",
 "points": [
  {
   "period": "1957-10-01",
   "value": 0.7754
  },
  {
   "period": "1958-01-01",
   "value": 0.5234
  },
  {
   "period": "1958-04-01",
   "value": 1.0925
  },
  {
   "period": "1958-07-01",
   "value": 1.3479
  },
  {
   "period": "1958-10-01",
   "value": 1.8237
  },
  {
   "period": "1959-01-01",
   "value": 0.5392
  },
  {
   "period": "1959-04-01",
   "value": 0.5547
  },
  {
   "period": "1959-07-01",
   "value": 0.2539
  },
  {
   "period": "1959-10-01",
   "value": 0.7242
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  {
   "period": "1960-01-01",
   "value": -0.1927
  },
  {
   "period": "1960-04-01",
   "value": 0.6391
  },
  {
   "period": "1960-07-01",
   "value": 0.4627
  },
  {
   "period": "1960-10-01",
   "value": 1.1771
  },
  {
   "period": "1961-01-01",
   "value": 0.9085
  },
  {
   "period": "1961-04-01",
   "value": 1.5301
  },
  {
   "period": "1961-07-01",
   "value": 1.284
  },
  {
   "period": "1961-10-01",
   "value": 1.4254
  },
  {
   "period": "1962-01-01",
   "value": -0.2008
  },
  {
   "period": "1962-04-01",
   "value": -0.098
  },
  {
   "period": "1962-07-01",
   "value": -0.4624
  },
  {
   "period": "1962-10-01",
   "value": 0.1641
  },
  {
   "period": "1963-01-01",
   "value": -0.3438
  },
  {
   "period": "1963-04-01",
   "value": 0.4929
  },
  {
   "period": "1963-07-01",
   "value": 0.3784
  },
  {
   "period": "1963-10-01",
   "value": 0.9268
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  {
   "period": "1964-01-01",
   "value": -0.1249
  },
  {
   "period": "1964-04-01",
   "value": 0.1884
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  {
   "period": "1964-07-01",
   "value": -0.2588
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  {
   "period": "1964-10-01",
   "value": 0.1888
  },
  {
   "period": "1965-01-01",
   "value": -0.4499
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  {
   "period": "1965-04-01",
   "value": -0.0429
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   "period": "1965-07-01",
   "value": -0.6333
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  {
   "period": "1965-10-01",
   "value": -0.9111
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  {
   "period": "1966-01-01",
   "value": -2.0534
  },
  {
   "period": "1966-04-01",
   "value": -1.8533
  },
  {
   "period": "1966-07-01",
   "value": -2.9749
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  {
   "period": "1966-10-01",
   "value": -3.2364
  },
  {
   "period": "1967-01-01",
   "value": -3.9618
  },
  {
   "period": "1967-04-01",
   "value": -3.315
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  {
   "period": "1967-07-01",
   "value": -3.4576
  },
  {
   "period": "1967-10-01",
   "value": -1.6562
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  {
   "period": "1968-01-01",
   "value": -3.5789
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   "period": "1968-04-01",
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  {
   "period": "1968-07-01",
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  {
   "period": "1968-10-01",
   "value": -3.5235
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  {
   "period": "1969-01-01",
   "value": -4.7774
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   "period": "1969-04-01",
   "value": -3.9824
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   "period": "1969-07-01",
   "value": -4.4258
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   "period": "1969-10-01",
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   "period": "1970-01-01",
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   "period": "1970-04-01",
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   "period": "1970-10-01",
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   "period": "1971-01-01",
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   "value": -5.5526
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   "value": -4.3114
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   "period": "1977-10-01",
   "value": -3.569
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   "period": "1978-01-01",
   "value": -3.675
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   "value": -2.7605
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   "period": "1978-07-01",
   "value": -2.5977
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   "period": "1978-10-01",
   "value": -2.7089
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   "period": "1979-01-01",
   "value": -3.4989
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   "period": "1979-04-01",
   "value": -2.27
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   "period": "1979-10-01",
   "value": -1.2155
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  {
   "period": "1980-01-01",
   "value": -1.3012
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   "value": -1.5753
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   "period": "1981-10-01",
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   "period": "1982-01-01",
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   "period": "1984-04-01",
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   "period": "2018-10-01",
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  {
   "period": "2019-01-01",
   "value": -6.34
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  {
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   "value": -5.8759
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  {
   "period": "2019-07-01",
   "value": -5.5409
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   "period": "2019-10-01",
   "value": -5.8081
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  {
   "period": "2020-01-01",
   "value": -2.6411
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  {
   "period": "2020-04-01",
   "value": 2.8794
  },
  {
   "period": "2020-07-01",
   "value": 3.6338
  },
  {
   "period": "2020-10-01",
   "value": 4.5755
  },
  {
   "period": "2021-01-01",
   "value": 4.5163
  },
  {
   "period": "2021-04-01",
   "value": 2.3096
  },
  {
   "period": "2021-07-01",
   "value": 0.4262
  },
  {
   "period": "2021-10-01",
   "value": -0.9865
  },
  {
   "period": "2022-01-01",
   "value": -2.2358
  },
  {
   "period": "2022-04-01",
   "value": -3.3388
  },
  {
   "period": "2022-07-01",
   "value": -4.9143
  },
  {
   "period": "2022-10-01",
   "value": -6.2114
  },
  {
   "period": "2023-01-01",
   "value": -7.6242
  },
  {
   "period": "2023-04-01",
   "value": -8.7445
  },
  {
   "period": "2023-07-01",
   "value": -9.8253
  },
  {
   "period": "2023-10-01",
   "value": -10.6356
  },
  {
   "period": "2024-01-01",
   "value": -11.0108
  },
  {
   "period": "2024-04-01",
   "value": -11.2587
  },
  {
   "period": "2024-07-01",
   "value": -11.1976
  },
  {
   "period": "2024-10-01",
   "value": -12.4608
  },
  {
   "period": "2025-01-01",
   "value": -12.6017
  },
  {
   "period": "2025-04-01",
   "value": -12.3608
  },
  {
   "period": "2025-07-01",
   "value": -11.9966
  },
  {
   "period": "2025-10-01",
   "value": -11.586
  },
  {
   "period": "2026-01-01",
   "value": -11.3204
  }
 ],
 "url": "https://worldstat.us/indicator/us-creditgap"
}