Domestic credit to private sector (% of GDP) by country
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.
Countries reporting
187
Highest
258.9%
Hong Kong, China
Lowest
1.9%
South Sudan
Median
50.0%
Years covered
61
1960–2020
Data points
6,721
What the numbers show
Domestic credit to private sector (% of GDP) is currently reported for 187 countries. The highest value is 258.9% in Hong Kong, China; the lowest is 1.9% in South Sudan.
The median across all reporting countries is 50.0%, and the mean is 58.5%.
The gap between the highest and lowest reporting country is a factor of about 135.
Over the past decade 129 countries rose and 56 fell. The largest increase was in Myanmar (up 438.8%), and the largest decrease in Ireland (down 75.7%).
Domestic credit to private sector: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong, China | 258.9% | 2020 | up 39.5% | rising |
| 2 | United States of America | 216.6% | 2020 | up 19.0% | rising |
| 3 | Japan | 192.8% | 2020 | up 21.3% | rising |
| 4 | China | 182.9% | 2020 | up 44.5% | rising |
| 5 | Switzerland | 168.5% | 2016 | up 12.7% | rising |
| 6 | Norway | 166.0% | 2020 | up 29.4% | rising |
| 7 | Republic of Korea | 164.8% | 2020 | up 26.7% | volatile |
| 8 | Denmark | 163.3% | 2020 | down 15.4% | volatile |
| 9 | New Zealand | 160.5% | 2020 | up 7.7% | rising |
| 10 | Thailand | 160.4% | 2020 | up 38.6% | rising |
| 11 | United Kingdom of Great Britain and Northern Ireland | 143.8% | 2020 | down 21.9% | volatile |
| 12 | Australia | 142.3% | 2020 | up 13.5% | volatile |
| 13 | Cambodia | 139.6% | 2020 | up 406.6% | volatile |
| 14 | Sweden | 139.2% | 2020 | up 13.6% | volatile |
| 15 | Qatar | 138.9% | 2020 | up 210.6% | volatile |
| 16 | Malaysia | 134.0% | 2020 | up 25.1% | volatile |
| 17 | Singapore | 130.6% | 2020 | up 37.7% | rising |
| 18 | Chile | 124.6% | 2020 | up 25.0% | rising |
| 19 | Canada | 124.1% | 2008 | up 55.4% | rising |
| 20 | France | 122.4% | 2020 | up 27.7% | rising |
| 21 | Fiji | 119.5% | 2020 | up 43.1% | rising |
| 22 | Macau, China | 119.4% | 2019 | up 107.8% | rising |
| 23 | Viet Nam | 116.7% | 2020 | up 29.1% | volatile |
| 24 | South Africa | 112.0% | 2020 | down 10.1% | rising |
| 25 | Cyprus | 110.2% | 2020 | down 53.1% | rising |
| 26 | Spain | 108.5% | 2020 | down 36.9% | falling |
| 27 | Lebanon | 106.6% | 2017 | up 43.8% | rising |
| 28 | Panama | 105.9% | 2020 | up 25.6% | rising |
| 29 | Luxembourg | 105.8% | 2020 | up 22.8% | rising |
| 30 | Portugal | 101.2% | 2020 | down 35.0% | falling |
| 31 | Netherlands | 100.9% | 2020 | down 11.2% | falling |
| 32 | Finland | 100.2% | 2020 | up 13.7% | rising |
| 33 | Iceland | 99.8% | 2020 | down 37.4% | volatile |
| 34 | Morocco | 96.3% | 2020 | up 6.8% | flat |
| 35 | Mauritius | 95.9% | 2020 | up 12.3% | rising |
| 36 | Samoa | 93.7% | 2020 | up 47.3% | rising |
| 37 | Austria | 93.3% | 2020 | down 5.3% | falling |
| 38 | Kuwait | 90.9% | 2018 | up 58.8% | volatile |
| 39 | Nepal | 88.4% | 2020 | up 62.0% | volatile |
| 40 | United Arab Emirates | 88.4% | 2020 | — | flat |
| 41 | Germany | 85.7% | 2020 | down 3.1% | falling |
| 42 | Italy | 83.3% | 2020 | down 10.5% | rising |
| 43 | Jordan | 83.1% | 2020 | up 16.7% | rising |
| 44 | Greece | 82.3% | 2020 | down 26.8% | rising |
| 45 | Malta | 82.1% | 2020 | down 29.1% | falling |
| 46 | Tunisia | 81.7% | 2017 | up 41.3% | rising |
| 47 | Aruba | 81.3% | 2020 | up 38.2% | rising |
| 48 | Georgia | 79.9% | 2020 | up 147.1% | rising |
| 49 | Barbados | 78.3% | 2019 | down 5.5% | rising |
| 50 | Belgium | 75.8% | 2020 | up 33.4% | rising |
| 51 | Türkiye | 75.2% | 2020 | up 69.5% | rising |
| 52 | Bahrain | 73.9% | 2015 | up 69.2% | rising |
| 53 | Cape Verde | 73.2% | 2020 | up 18.2% | volatile |
| 54 | Namibia | 72.9% | 2020 | up 11.1% | rising |
| 55 | Saint Lucia | 72.9% | 2020 | down 19.6% | rising |
| 56 | Armenia | 72.2% | 2020 | up 153.8% | rising |
| 57 | Bhutan | 71.7% | 2020 | up 68.9% | volatile |
| 58 | Bolivia, Plurinational State of | 71.2% | 2019 | up 92.3% | rising |
| 59 | Belize | 71.1% | 2020 | up 13.2% | rising |
| 60 | Brazil | 70.0% | 2020 | up 32.7% | volatile |
| 61 | Honduras | 69.8% | 2020 | up 47.0% | rising |
| 62 | Israel | 68.6% | 2020 | up 0.3% | rising |
| 63 | Slovakia | 67.2% | 2020 | up 51.0% | rising |
| 64 | Oman | 65.1% | 2019 | up 39.5% | volatile |
| 65 | Estonia | 64.8% | 2020 | down 30.1% | falling |
| 66 | El Salvador | 62.1% | 2020 | up 29.6% | rising |
| 67 | Vanuatu | 61.1% | 2020 | down 9.7% | rising |
| 68 | Costa Rica | 60.4% | 2020 | up 36.2% | rising |
| 69 | Iran, Islamic Republic of | 60.3% | 2016 | up 34.6% | rising |
| 70 | Montenegro | 60.0% | 2020 | down 9.8% | rising |
| 71 | Russian Federation | 59.8% | 2020 | up 39.5% | rising |
| 72 | Croatia | 59.8% | 2020 | down 11.5% | rising |
| 73 | Grenada | 59.4% | 2020 | down 29.3% | rising |
| 74 | Bosnia and Herzegovina | 58.5% | 2020 | down 5.5% | flat |
| 75 | North Macedonia | 56.9% | 2020 | up 18.2% | rising |
| 76 | Jamaica | 56.3% | 2020 | up 113.3% | rising |
| 77 | Saint Kitts and Nevis | 55.4% | 2020 | down 8.0% | rising |
| 78 | Antigua and Barbuda | 55.4% | 2020 | down 30.0% | rising |
| 79 | Peru | 55.2% | 2020 | up 82.5% | volatile |
| 80 | India | 54.7% | 2020 | up 8.1% | volatile |
| 81 | Colombia | 54.3% | 2020 | up 67.8% | rising |
| 82 | Saudi Arabia | 54.0% | 2017 | up 45.6% | volatile |
| 83 | Dominica | 53.2% | 2020 | up 0.3% | rising |
| 84 | Eritrea | 53.2% | 2014 | up 97.6% | falling |
| 85 | Czechia | 53.2% | 2020 | up 14.8% | falling |
| 86 | Maldives | 52.9% | 2020 | up 11.0% | falling |
| 87 | Palestine, State of | 52.3% | 2020 | up 145.0% | rising |
| 88 | Bahamas | 52.1% | 2016 | down 7.9% | rising |
| 89 | Philippines | 52.0% | 2020 | up 83.7% | rising |
| 90 | Bulgaria | 51.7% | 2020 | down 24.1% | rising |
| 91 | Kosovo | 51.6% | 2020 | up 33.4% | rising |
| 91 | Kosovo (UNSCR 1244) | 51.6% | 2020 | up 33.4% | rising |
| 93 | Paraguay | 50.0% | 2020 | up 96.8% | rising |
| 94 | Poland | 50.0% | 2020 | up 2.7% | rising |
| 95 | Sri Lanka | 49.9% | 2019 | up 93.8% | volatile |
| 96 | Ecuador | 47.4% | 2020 | up 78.5% | rising |
| 97 | Saint Vincent and the Grenadines | 47.1% | 2020 | down 3.9% | rising |
| 98 | Seychelles | 46.8% | 2020 | up 91.3% | rising |
| 99 | Mongolia | 45.8% | 2020 | up 33.9% | volatile |
| 100 | Serbia | 45.5% | 2020 | down 3.5% | rising |
| 101 | Trinidad and Tobago | 45.4% | 2020 | up 47.1% | rising |
| 102 | Slovenia | 43.4% | 2020 | down 49.0% | falling |
| 103 | Botswana | 39.8% | 2020 | up 46.4% | rising |
| 104 | Brunei Darussalam | 39.7% | 2020 | up 7.5% | rising |
| 105 | Tonga | 39.2% | 2020 | down 1.8% | rising |
| 106 | Guyana | 39.2% | 2020 | up 59.8% | rising |
| 107 | Bangladesh | 39.2% | 2020 | down 4.4% | volatile |
| 108 | Indonesia | 38.7% | 2020 | up 42.0% | rising |
| 109 | Mexico | 38.3% | 2020 | up 64.0% | rising |
| 110 | Hungary | 38.0% | 2020 | down 36.8% | rising |
| 111 | Albania | 38.0% | 2020 | down 2.8% | falling |
| 112 | Lithuania | 37.6% | 2020 | down 35.8% | falling |
| 113 | Guatemala | 35.9% | 2020 | up 48.3% | rising |
| 114 | Uzbekistan | 35.7% | 2020 | up 282.6% | volatile |
| 115 | Latvia | 34.4% | 2020 | down 63.6% | falling |
| 116 | Belarus | 32.5% | 2020 | down 24.1% | falling |
| 117 | Ireland | 32.4% | 2020 | down 75.7% | falling |
| 118 | Solomon Islands | 32.4% | 2020 | up 48.6% | rising |
| 119 | Kenya | 32.1% | 2020 | up 34.0% | rising |
| 120 | Dominican Republic | 30.5% | 2020 | up 34.4% | rising |
| 121 | Nicaragua | 30.1% | 2020 | up 12.4% | rising |
| 122 | Venezuela, Bolivarian Republic of | 29.9% | 2013 | up 235.7% | volatile |
| 123 | Algeria | 29.7% | 2020 | up 95.3% | volatile |
| 124 | Senegal | 29.4% | 2020 | up 37.7% | rising |
| 125 | Burkina Faso | 28.3% | 2020 | up 81.3% | volatile |
| 126 | Kyrgyzstan | 28.3% | 2020 | up 107.3% | volatile |
| 127 | Ukraine | 28.2% | 2020 | down 62.8% | falling |
| 128 | Republic of Moldova | 27.9% | 2020 | down 5.4% | falling |
| 129 | Uruguay | 27.9% | 2020 | up 25.1% | rising |
| 130 | Myanmar | 27.7% | 2020 | up 438.8% | volatile |
| 131 | Egypt | 27.1% | 2020 | down 18.1% | rising |
| 132 | Togo | 26.6% | 2020 | up 22.2% | rising |
| 133 | Azerbaijan | 26.0% | 2020 | — | falling |
| 134 | Mali | 26.0% | 2020 | up 44.3% | rising |
| 135 | Romania | 26.0% | 2020 | down 33.7% | volatile |
| 136 | Kazakhstan | 25.6% | 2020 | down 32.1% | falling |
| 137 | Rwanda | 25.0% | 2020 | up 117.7% | volatile |
| 138 | Mozambique | 24.8% | 2020 | up 11.5% | rising |
| 139 | Suriname | 24.5% | 2020 | up 1.8% | rising |
| 140 | Mauritania | 22.7% | 2019 | up 13.8% | rising |
| 141 | Burundi | 22.5% | 2020 | up 22.7% | volatile |
| 142 | Micronesia, Federated States of | 22.1% | 2020 | up 7.4% | falling |
| 143 | Eswatini | 21.2% | 2020 | up 11.1% | flat |
| 144 | Côte d'Ivoire | 21.1% | 2020 | up 61.5% | falling |
| 145 | Lao People's Democratic Republic | 20.9% | 2010 | up 134.2% | volatile |
| 146 | Djibouti | 20.9% | 2020 | down 36.9% | falling |
| 147 | Syrian Arab Republic | 20.7% | 2011 | up 157.2% | volatile |
| 148 | Lesotho | 20.0% | 2020 | up 49.2% | rising |
| 149 | Sao Tome and Principe | 19.8% | 2020 | down 47.7% | rising |
| 150 | Papua New Guinea | 18.2% | 2020 | down 13.8% | falling |
| 151 | Ethiopia | 17.7% | 2008 | up 9.6% | volatile |
| 152 | Liberia | 17.0% | 2018 | up 177.1% | volatile |
| 153 | Libya | 16.6% | 2020 | up 79.6% | falling |
| 154 | Guinea-Bissau | 16.2% | 2020 | up 130.4% | volatile |
| 155 | Madagascar | 16.2% | 2020 | up 49.0% | falling |
| 156 | Somalia | 16.0% | 1989 | up 221.1% | volatile |
| 157 | Argentina | 16.0% | 2017 | up 21.8% | flat |
| 158 | Benin | 15.5% | 2020 | down 1.9% | volatile |
| 159 | Timor-Leste | 15.3% | 2020 | up 22.7% | rising |
| 160 | Equatorial Guinea | 15.2% | 2019 | up 161.9% | volatile |
| 161 | Zambia | 15.2% | 2020 | up 10.9% | flat |
| 162 | Pakistan | 15.0% | 2020 | down 29.8% | falling |
| 163 | Comoros | 15.0% | 2020 | up 43.2% | volatile |
| 164 | Cameroon | 14.7% | 2018 | up 58.9% | falling |
| 165 | Uganda | 14.2% | 2020 | up 22.0% | rising |
| 166 | Gabon | 13.4% | 2019 | up 32.6% | falling |
| 167 | Congo | 13.4% | 2019 | up 174.1% | falling |
| 168 | Ghana | 13.2% | 2020 | down 21.0% | volatile |
| 169 | Tanzania, United Republic of | 13.2% | 2020 | up 12.3% | rising |
| 170 | Iraq | 13.1% | 2020 | up 142.3% | falling |
| 171 | Tajikistan | 13.0% | 2020 | down 8.0% | falling |
| 172 | Angola | 12.9% | 2020 | down 49.1% | falling |
| 173 | Nigeria | 12.1% | 2020 | down 10.1% | rising |
| 174 | Central African Republic | 11.7% | 2019 | up 68.1% | falling |
| 175 | Niger | 11.7% | 2020 | up 29.5% | volatile |
| 176 | Malawi | 10.5% | 2016 | up 105.1% | falling |
| 177 | Guinea | 10.0% | 2020 | up 152.8% | rising |
| 178 | Chad | 9.3% | 2019 | up 135.9% | volatile |
| 179 | Haiti | 8.6% | 2020 | up 10.4% | rising |
| 180 | Gambia | 8.1% | 2020 | down 15.0% | volatile |
| 181 | Sudan | 7.9% | 2020 | down 24.7% | falling |
| 182 | Congo, Democratic Republic of the | 7.5% | 2020 | up 100.1% | volatile |
| 183 | Zimbabwe | 6.5% | 2020 | down 52.4% | volatile |
| 184 | Sierra Leone | 6.0% | 2020 | down 23.8% | falling |
| 185 | Yemen | 5.6% | 2013 | down 11.5% | rising |
| 186 | Afghanistan | 3.1% | 2020 | down 73.5% | falling |
| 187 | South Sudan | 1.9% | 2020 | up 286.9% | volatile |
About this data
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.