Which has higher domestic credit to private sector, Hong Kong or Japan?

Hong Kong, at 258.9% against 192.8% in Japan as of 2020.

How many years of comparable data are there for Hong Kong and Japan?

31 years are reported by both, from 1990 to 2020.

Where does this data come from?

World Development Indicators (WDI), World Bank, published as Domestic credit to private sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Hong Kong vs Japan: Domestic credit to private sector

Hong Kong

258.9%

in 2020

Japan

192.8%

in 2020

Hong Kong rank

1st

Japan rank

3rd

Domestic credit to private sector over time

Hong Kong
Japan

How they compare

Hong Kong currently reports 258.9% against 192.8% in Japan, a difference of 66.1%.

That makes Hong Kong's figure about 1.3 times Japan's.

The two have swapped places 1 time across 31 shared years of data; in 1990 it was Japan ahead.

Hong Kong ranks 1st and Japan ranks 3rd of 187 countries.

Across the 4 decades both report, Hong Kong averaged higher in 2 and Japan in 2.

Head to head by decade

Decade	Hong Kong	Japan	Difference	Ahead
1990s	150.1%	199.3%	49.2%	Japan
2000s	144.8%	173.5%	28.7%	Japan
2010s	214.0%	162.9%	51.1%	Hong Kong
2020s	258.9%	192.8%	66.2%	Hong Kong

Averages of every year both report within each decade.

Frequently asked questions

Which has higher domestic credit to private sector, Hong Kong or Japan?: Hong Kong, at 258.9% against 192.8% in Japan as of 2020.
What is the difference in domestic credit to private sector between Hong Kong and Japan?: 66.1%, with Hong Kong ahead.
How many years of comparable data are there for Hong Kong and Japan?: 31 years are reported by both, from 1990 to 2020.
How do Hong Kong and Japan rank globally for domestic credit to private sector?: Hong Kong ranks 1st and Japan ranks 3rd of 187 countries.
Where does this data come from?: World Development Indicators (WDI), World Bank, published as Domestic credit to private sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Hong Kong vs Japan: Domestic credit to private sector. Statizoid, drawing on World Development Indicators (WDI), World Bank. Retrieved 18 September 2026, from https://financial-sector.statizoid.com/compare/domestic-credit-to-private-sector-percent-of-gdp-2/hong-kong-sar-china/japan/

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About this data

Indicator: Domestic credit to private sector (% of GDP)
Unit: % of GDP
Source: World Development Indicators (WDI), World Bank
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 187 places, 6,721 data points, 1960–2020
Last refreshed: 04 September 2026

Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.