Domestic credit to private sector (% of GDP) by country
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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...
Countries reporting
187
Highest
222.6%
Hong Kong, China
Lowest
3.1%
Afghanistan
Median
39.6%
Years covered
66
1960–2025
Data points
9,901
What the numbers show
Domestic credit to private sector (% of GDP) is currently reported for 187 countries. The highest value is 222.6% in Hong Kong, China; the lowest is 3.1% in Afghanistan.
The median across all reporting countries is 39.6%, and the mean is 51.5%.
The gap between the highest and lowest reporting country is a factor of about 72.
Over the past decade 94 countries rose and 93 fell. The largest increase was in Myanmar (up 508.0%), and the largest decrease in Kuwait (down 95.0%).
Domestic credit to private sector: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong, China | 222.6% | 2025 | up 7.1% | rising |
| 2 | United States of America | 201.3% | 2025 | up 9.6% | rising |
| 3 | China | 194.3% | 2024 | up 41.2% | rising |
| 4 | Japan | 187.4% | 2025 | up 17.7% | rising |
| 5 | Switzerland | 167.8% | 2016 | up 13.4% | rising |
| 6 | Republic of Korea | 160.3% | 2024 | up 27.8% | volatile |
| 7 | Denmark | 144.1% | 2024 | down 16.9% | volatile |
| 8 | New Zealand | 143.4% | 2025 | down 5.8% | falling |
| 9 | Thailand | 143.1% | 2025 | down 4.2% | rising |
| 10 | Australia | 133.8% | 2025 | down 1.5% | volatile |
| 11 | Singapore | 128.4% | 2020 | up 35.4% | rising |
| 12 | Qatar | 126.8% | 2025 | up 78.9% | volatile |
| 13 | Sweden | 125.3% | 2024 | down 3.9% | volatile |
| 14 | Viet Nam | 125.0% | 2022 | up 65.4% | volatile |
| 15 | Norway | 124.4% | 2024 | down 0.3% | rising |
| 16 | Canada | 124.1% | 2008 | up 55.4% | rising |
| 17 | Cambodia | 121.5% | 2025 | up 118.9% | volatile |
| 18 | Fiji | 119.0% | 2025 | up 51.0% | rising |
| 19 | Malaysia | 117.9% | 2025 | down 4.2% | volatile |
| 20 | Macau, China | 117.0% | 2025 | up 7.9% | volatile |
| 21 | United Kingdom of Great Britain and Northern Ireland | 112.4% | 2024 | down 16.5% | volatile |
| 22 | France | 107.6% | 2024 | up 14.6% | rising |
| 23 | Lebanon | 106.6% | 2017 | up 43.8% | rising |
| 24 | Chile | 102.1% | 2025 | down 6.1% | rising |
| 25 | Panama | 100.2% | 2020 | up 22.0% | rising |
| 26 | Finland | 92.0% | 2024 | down 1.4% | rising |
| 27 | Nepal | 90.5% | 2025 | up 59.1% | volatile |
| 28 | South Africa | 89.4% | 2024 | down 30.6% | rising |
| 29 | Iceland | 89.2% | 2025 | up 3.4% | volatile |
| 30 | Luxembourg | 85.1% | 2024 | down 1.3% | rising |
| 31 | Netherlands | 82.3% | 2024 | down 28.5% | falling |
| 32 | Austria | 81.8% | 2024 | down 7.5% | falling |
| 33 | Honduras | 78.5% | 2024 | up 42.4% | rising |
| 34 | Morocco | 77.8% | 2024 | down 6.9% | flat |
| 35 | Germany | 77.3% | 2023 | down 4.3% | falling |
| 36 | Portugal | 77.1% | 2024 | down 40.5% | falling |
| 37 | Brazil | 75.1% | 2025 | up 12.4% | volatile |
| 38 | Spain | 74.2% | 2024 | down 42.6% | falling |
| 39 | Israel | 72.5% | 2025 | up 10.1% | rising |
| 40 | Bhutan | 72.3% | 2025 | up 69.9% | volatile |
| 41 | Mauritius | 72.0% | 2025 | down 27.1% | volatile |
| 42 | Jordan | 71.3% | 2025 | up 17.4% | rising |
| 43 | Bahrain | 70.6% | 2015 | up 61.5% | rising |
| 44 | Armenia | 70.5% | 2025 | up 54.6% | rising |
| 45 | Georgia | 68.4% | 2025 | up 41.9% | rising |
| 46 | Belgium | 68.1% | 2024 | up 18.3% | rising |
| 47 | Kosovo | 65.6% | 2025 | up 75.9% | rising |
| 47 | Kosovo (UNSCR 1244) | 65.6% | 2025 | up 75.9% | rising |
| 49 | Samoa | 65.5% | 2025 | down 9.2% | rising |
| 50 | United Arab Emirates | 65.5% | 2022 | down 20.1% | falling |
| 51 | Saint Kitts and Nevis | 65.0% | 2025 | up 20.7% | rising |
| 52 | El Salvador | 64.4% | 2025 | up 19.0% | rising |
| 53 | Oman | 63.2% | 2024 | up 54.2% | volatile |
| 54 | Malta | 61.7% | 2024 | down 34.7% | falling |
| 55 | Estonia | 60.5% | 2024 | down 8.6% | falling |
| 56 | Italy | 60.3% | 2024 | down 31.6% | flat |
| 57 | Barbados | 59.7% | 2023 | down 13.3% | rising |
| 58 | Slovakia | 59.7% | 2024 | up 20.5% | rising |
| 59 | Ecuador | 58.9% | 2025 | up 96.7% | rising |
| 60 | Aruba | 58.0% | 2023 | down 1.9% | rising |
| 61 | Iran, Islamic Republic of | 57.8% | 2016 | up 29.1% | rising |
| 62 | Tunisia | 57.7% | 2025 | down 4.1% | rising |
| 63 | Grenada | 57.5% | 2025 | up 0.4% | rising |
| 64 | Cyprus | 56.7% | 2024 | down 77.5% | falling |
| 65 | Palestine, State of | 56.5% | 2025 | up 73.2% | rising |
| 66 | North Macedonia | 56.3% | 2025 | up 8.2% | rising |
| 67 | Paraguay | 55.7% | 2025 | up 28.5% | volatile |
| 68 | Namibia | 55.1% | 2024 | down 16.1% | falling |
| 69 | Russian Federation | 54.6% | 2021 | up 31.0% | rising |
| 70 | Cape Verde | 54.0% | 2025 | down 4.2% | rising |
| 71 | Eritrea | 53.2% | 2014 | up 97.6% | falling |
| 72 | Philippines | 52.1% | 2025 | up 30.6% | rising |
| 73 | Bahamas | 51.9% | 2016 | down 8.2% | rising |
| 74 | Bolivia, Plurinational State of | 51.8% | 2025 | up 0.6% | volatile |
| 75 | Saint Lucia | 51.7% | 2025 | down 27.0% | rising |
| 76 | Costa Rica | 51.0% | 2025 | down 7.4% | rising |
| 77 | Trinidad and Tobago | 50.4% | 2025 | up 54.6% | rising |
| 78 | Saudi Arabia | 50.1% | 2017 | up 35.2% | volatile |
| 79 | Greece | 48.5% | 2024 | down 58.8% | flat |
| 80 | Vanuatu | 48.5% | 2024 | down 27.0% | rising |
| 81 | Bosnia and Herzegovina | 48.1% | 2024 | down 20.2% | falling |
| 82 | Czechia | 48.0% | 2024 | down 2.2% | falling |
| 83 | Bulgaria | 47.1% | 2024 | down 20.5% | rising |
| 84 | Sri Lanka | 47.0% | 2019 | up 82.6% | rising |
| 85 | Croatia | 46.9% | 2024 | down 29.8% | falling |
| 86 | Jamaica | 45.9% | 2025 | up 61.1% | rising |
| 87 | Türkiye | 45.8% | 2025 | down 31.0% | rising |
| 88 | Montenegro | 45.3% | 2024 | down 13.2% | rising |
| 89 | Mongolia | 44.9% | 2024 | down 24.3% | volatile |
| 90 | India | 44.0% | 2025 | down 15.1% | rising |
| 91 | Belize | 43.1% | 2025 | down 6.1% | rising |
| 92 | Brunei Darussalam | 40.1% | 2025 | down 3.1% | rising |
| 93 | Colombia | 39.9% | 2025 | down 15.0% | rising |
| 94 | Peru | 39.6% | 2024 | down 3.1% | volatile |
| 95 | Timor-Leste | 39.1% | 2025 | up 193.8% | rising |
| 96 | Burundi | 38.5% | 2025 | up 113.0% | volatile |
| 97 | Dominica | 38.1% | 2025 | down 19.9% | rising |
| 98 | Antigua and Barbuda | 37.4% | 2025 | down 23.1% | rising |
| 99 | Guatemala | 37.2% | 2025 | up 5.6% | rising |
| 100 | Saint Vincent and the Grenadines | 36.6% | 2025 | down 26.1% | rising |
| 101 | Maldives | 36.4% | 2025 | up 25.2% | falling |
| 102 | Indonesia | 36.3% | 2025 | down 7.2% | rising |
| 103 | Lithuania | 35.7% | 2024 | down 12.9% | falling |
| 104 | Mexico | 35.5% | 2025 | up 15.2% | rising |
| 105 | Slovenia | 35.4% | 2024 | down 35.6% | falling |
| 106 | Serbia | 35.4% | 2025 | down 9.4% | rising |
| 107 | Bangladesh | 34.5% | 2025 | down 22.3% | volatile |
| 108 | Albania | 34.1% | 2024 | down 12.6% | falling |
| 109 | Tonga | 34.1% | 2025 | up 0.2% | rising |
| 110 | Solomon Islands | 33.7% | 2024 | up 6.6% | rising |
| 111 | Poland | 33.6% | 2024 | down 36.2% | rising |
| 112 | Botswana | 33.2% | 2025 | down 7.7% | rising |
| 113 | Dominican Republic | 32.8% | 2025 | up 26.2% | rising |
| 114 | Hungary | 32.4% | 2024 | down 23.9% | falling |
| 115 | Nicaragua | 32.3% | 2024 | down 4.5% | rising |
| 116 | Kenya | 31.8% | 2023 | up 12.2% | rising |
| 117 | Uzbekistan | 31.2% | 2025 | up 242.6% | rising |
| 118 | Senegal | 30.9% | 2025 | up 13.1% | rising |
| 119 | Uruguay | 30.8% | 2025 | up 10.6% | flat |
| 120 | Republic of Moldova | 29.3% | 2024 | down 6.6% | falling |
| 121 | Latvia | 29.3% | 2024 | down 44.9% | falling |
| 122 | Belarus | 29.2% | 2021 | down 23.1% | falling |
| 123 | Myanmar | 29.0% | 2020 | up 508.0% | volatile |
| 124 | Kazakhstan | 27.7% | 2025 | down 26.6% | falling |
| 125 | Venezuela, Bolivarian Republic of | 27.5% | 2013 | up 208.5% | falling |
| 126 | Egypt | 25.8% | 2025 | down 1.8% | rising |
| 127 | Djibouti | 25.2% | 2025 | up 16.0% | falling |
| 128 | Azerbaijan | 24.9% | 2025 | down 24.4% | falling |
| 129 | Seychelles | 24.5% | 2016 | up 14.6% | rising |
| 130 | Lesotho | 24.3% | 2024 | up 25.7% | rising |
| 131 | Ireland | 23.8% | 2024 | down 69.7% | volatile |
| 132 | Micronesia, Federated States of | 23.4% | 2021 | up 18.9% | falling |
| 133 | Eswatini | 23.1% | 2025 | up 8.5% | rising |
| 134 | Togo | 23.0% | 2025 | down 21.2% | rising |
| 135 | Mauritania | 22.7% | 2019 | up 13.7% | rising |
| 136 | Burkina Faso | 22.7% | 2025 | down 9.3% | volatile |
| 137 | Côte d'Ivoire | 22.7% | 2025 | up 35.5% | falling |
| 138 | Kyrgyzstan | 22.3% | 2024 | up 11.2% | volatile |
| 139 | Rwanda | 22.1% | 2025 | up 4.0% | volatile |
| 140 | Romania | 22.1% | 2025 | down 26.2% | rising |
| 141 | Lao People's Democratic Republic | 20.9% | 2010 | up 134.2% | volatile |
| 142 | Syrian Arab Republic | 20.7% | 2011 | up 155.2% | volatile |
| 143 | Mali | 20.4% | 2025 | down 2.9% | rising |
| 144 | Suriname | 20.3% | 2025 | down 39.9% | flat |
| 145 | Benin | 19.8% | 2025 | up 18.1% | volatile |
| 146 | Algeria | 19.6% | 2025 | up 1.9% | volatile |
| 147 | Mozambique | 18.3% | 2025 | down 43.0% | rising |
| 148 | Ukraine | 18.2% | 2024 | down 75.9% | falling |
| 149 | Ethiopia | 17.7% | 2008 | up 12.3% | volatile |
| 150 | Argentina | 17.6% | 2025 | up 22.1% | falling |
| 151 | Zambia | 17.0% | 2024 | down 0.5% | falling |
| 152 | Tanzania, United Republic of | 16.7% | 2024 | up 25.3% | volatile |
| 153 | Madagascar | 16.5% | 2024 | up 41.2% | falling |
| 154 | Papua New Guinea | 16.3% | 2024 | down 28.0% | falling |
| 155 | Guyana | 15.6% | 2025 | down 57.2% | falling |
| 156 | Comoros | 15.3% | 2024 | up 12.4% | volatile |
| 157 | Liberia | 14.8% | 2022 | up 47.2% | volatile |
| 158 | Uganda | 14.3% | 2024 | up 10.8% | rising |
| 159 | Cameroon | 14.1% | 2019 | up 46.1% | falling |
| 160 | Iraq | 14.0% | 2024 | up 105.3% | falling |
| 161 | Congo | 13.8% | 2023 | up 55.3% | falling |
| 162 | Gabon | 13.4% | 2019 | up 32.6% | falling |
| 163 | Central African Republic | 13.0% | 2022 | up 21.0% | falling |
| 164 | Libya | 12.5% | 2025 | down 41.7% | volatile |
| 165 | Tajikistan | 12.2% | 2023 | down 34.1% | falling |
| 166 | Congo, Democratic Republic of the | 11.3% | 2023 | up 129.7% | volatile |
| 167 | Pakistan | 10.7% | 2025 | down 22.7% | falling |
| 168 | Guinea | 10.6% | 2025 | down 10.5% | volatile |
| 169 | Guinea-Bissau | 10.0% | 2025 | up 28.4% | volatile |
| 170 | Niger | 9.6% | 2025 | down 15.1% | rising |
| 171 | Nigeria | 9.6% | 2022 | down 9.8% | rising |
| 172 | Gambia | 9.4% | 2024 | up 6.5% | falling |
| 173 | Ghana | 8.9% | 2024 | down 45.9% | volatile |
| 174 | Chad | 8.3% | 2021 | up 135.3% | volatile |
| 175 | Malawi | 7.9% | 2024 | up 0.9% | falling |
| 176 | Sao Tome and Principe | 7.8% | 2023 | down 78.5% | volatile |
| 177 | Angola | 6.6% | 2025 | down 70.5% | falling |
| 178 | Zimbabwe | 6.5% | 2023 | down 65.4% | volatile |
| 179 | Equatorial Guinea | 5.8% | 2023 | down 15.3% | volatile |
| 180 | Sudan | 5.6% | 2022 | down 52.8% | falling |
| 181 | Yemen | 5.6% | 2013 | down 11.5% | rising |
| 182 | Sierra Leone | 5.5% | 2025 | up 64.4% | falling |
| 183 | Somalia | 5.4% | 2024 | up 131.2% | volatile |
| 184 | Kuwait | 4.9% | 2025 | down 95.0% | volatile |
| 185 | South Sudan | 3.2% | 2025 | up 40.7% | volatile |
| 186 | Haiti | 3.2% | 2025 | down 70.2% | flat |
| 187 | Afghanistan | 3.1% | 2020 | down 73.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- North America 201.3%
- East Asia & Pacific (excluding high income) 177.7%
- East Asia & Pacific (IDA & IBRD countries) 177.7%
- East Asia & Pacific 175.4%
- Post-demographic dividend 158.9%
- Late-demographic dividend 156.4%
- High income 152.2%
- OECD members 147.2%
- World 140.3%
- Upper middle income 139.0%
- Middle income 122.2%
- IBRD only 122.0%
- Low & middle income 121.5%
- IDA & IBRD total 117.5%
- Pacific island small states 85.2%
- Europe & Central Asia 79.0%
- Euro area 77.1%
- European Union 75.6%
- Other small states 60.2%
- Small states 54.8%
- Arab World 53.3%
- Latin America & Caribbean 52.6%
- Latin America & the Caribbean (IDA & IBRD countries) 52.6%
- Middle East, North Africa, Afghanistan & Pakistan 52.4%
- Africa Eastern and Southern 50.7%
- Europe & Central Asia (IDA & IBRD countries) 50.2%
- Latin America & Caribbean (excluding high income) 50.1%
- South Asia 43.5%
- South Asia (IDA & IBRD) 43.5%
- Europe & Central Asia (excluding high income) 42.2%
- Early-demographic dividend 40.2%
- Lower middle income 38.8%
- Central Europe and the Baltics 37.0%
- Caribbean Small States 34.4%
- IDA only 33.2%
- Least developed countries 31.2%
- Sub-Saharan Africa (excluding high income) 29.4%
- Sub-Saharan Africa 29.4%
- Sub-Saharan Africa (IDA & IBRD countries) 29.4%
- IDA total 27.9%
About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.