China vs Japan: Outstanding domestic private debt securities to GDP

China
73.2%
in 2020
Japan
68.7%
in 2020
China rank
5th
Japan rank
7th

Outstanding domestic private debt securities to GDP over time

  • China
  • Japan
020406080199720082020

How they compare

China currently reports 73.2% against 68.7% in Japan, a difference of 4.5%.

That makes China's figure about 1.1 times Japan's.

The two have swapped places 3 times across 21 shared years of data; in 2000 it was Japan ahead.

China ranks 5th and Japan ranks 7th of 26 countries.

Across the 3 decades both report, China averaged higher in 1 and Japan in 2.

Head to head by decade

Decade China Japan Difference Ahead
2000s 20.4% 65.7% 45.3% Japan
2010s 44.6% 58.6% 14.0% Japan
2020s 73.2% 68.7% 4.5% China

Averages of every year both report within each decade.

Frequently asked questions

Which has higher outstanding domestic private debt securities to gdp, China or Japan?
China, at 73.2% against 68.7% in Japan as of 2020.
What is the difference in outstanding domestic private debt securities to gdp between China and Japan?
4.5%, with China ahead.
How many years of comparable data are there for China and Japan?
21 years are reported by both, from 2000 to 2020.
How do China and Japan rank globally for outstanding domestic private debt securities to gdp?
China ranks 5th and Japan ranks 7th of 26 countries.
Where does this data come from?
Bank for International Settlements (BIS), published as Outstanding domestic private debt securities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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China vs Japan: Outstanding domestic private debt securities to GDP. Statizoid, drawing on Bank for International Settlements (BIS). Retrieved 10 September 2026, from https://financial-sector.statizoid.com/compare/outstanding-domestic-private-debt-securities-to-gdp-percent/china/japan/

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About this data

Indicator
Outstanding domestic private debt securities to GDP (%)
Unit
%
Source
Bank for International Settlements (BIS)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
26 places, 547 data points, 1987–2020
Last refreshed

Total amount of domestic private debt securities (amounts outstanding) issued in domestic markets as a share of GDP. It covers data on long-term bonds and notes, commercial paper and other short-term notes. Table 16A (domestic debt amount): all issuers minus governments / GDP. End of year data (i.e. December data) are considered for debt securities. The figures are deflated using the following methodology: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is the level domestic private debt, P_e is end-of period CPI, and P_a is average annual CPI. GDP is from World Development Indicators. End-of period CPI is taken from IFS line 64M..ZF month of December (or if not available Q4). Average annual CPI is constructed from the monthly CPI figure taken from IFS line 64..ZF.