Loans from nonresident banks (net) to GDP (%) by country
Ratio of net offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 12A (Net Issues): International...
What the numbers show
Loans from nonresident banks (net) to GDP (%) is currently reported for 98 countries. The highest value is 153.8% in Marshall Islands; the lowest is -17.0% in Congo.
The median across all reporting countries is 0.1%, and the mean is 2.4%.
The gap between the highest and lowest reporting country is a factor of about 9.
Over the past decade 46 countries rose and 51 fell. The largest increase was in Egypt (up 59,258.4%), and the largest decrease in Congo (down 15,123.6%).
Loans from nonresident banks (net) to GDP: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Marshall Islands | 153.8% | 2020 | up 46.8% | rising |
| 2 | Bermuda | 54.6% | 2021 | up 372.5% | volatile |
| 3 | Bahrain | 13.3% | 2021 | up 242.9% | volatile |
| 4 | Liechtenstein | 5.0% | 2019 | down 42.1% | volatile |
| 5 | Mongolia | 4.5% | 2020 | up 85.2% | volatile |
| 6 | Albania | 4.0% | 2021 | up 18.0% | volatile |
| 7 | Latvia | 4.0% | 2021 | down 10.8% | volatile |
| 8 | Trinidad and Tobago | 2.7% | 2016 | up 428.4% | volatile |
| 9 | Canada | 2.6% | 2021 | up 332.0% | volatile |
| 10 | Peru | 2.1% | 2021 | up 478.5% | volatile |
| 11 | Netherlands | 2.1% | 2021 | down 56.7% | volatile |
| 12 | Panama | 2.1% | 2021 | up 502.4% | volatile |
| 13 | Lebanon | 1.9% | 2019 | up 134.3% | volatile |
| 14 | Bolivia | 1.8% | 2012 | up 14,731.4% | volatile |
| 15 | Kuwait | 1.7% | 2020 | up 968.4% | volatile |
| 16 | Norway | 1.6% | 2021 | down 42.4% | volatile |
| 17 | Morocco | 1.6% | 2020 | up 9.0% | volatile |
| 18 | Iceland | 1.6% | 2021 | up 106.3% | volatile |
| 19 | United Kingdom | 1.5% | 2021 | up 240.4% | volatile |
| 20 | United Arab Emirates | 1.5% | 2020 | down 13.5% | volatile |
| 21 | Australia | 1.4% | 2021 | up 428.2% | volatile |
| 22 | Spain | 1.3% | 2021 | up 330.6% | volatile |
| 23 | Belarus | 1.3% | 2017 | up 673.4% | volatile |
| 24 | Cyprus | 1.2% | 2021 | up 91.4% | volatile |
| 25 | Guatemala | 1.2% | 2021 | up 267.7% | volatile |
| 26 | Tunisia | 1.2% | 2018 | up 1,533.4% | volatile |
| 27 | Greece | 1.0% | 2021 | down 65.8% | volatile |
| 28 | Israel | 1.0% | 2021 | down 45.5% | volatile |
| 29 | Bahamas | 1.0% | 2021 | up 43.2% | volatile |
| 30 | Chile | 0.9% | 2021 | up 40.5% | volatile |
| 31 | Colombia | 0.9% | 2021 | up 363.5% | volatile |
| 32 | Uruguay | 0.7% | 2021 | down 69.1% | volatile |
| 33 | United States | 0.7% | 2021 | up 360.6% | volatile |
| 34 | Qatar | 0.6% | 2021 | down 78.8% | volatile |
| 35 | France | 0.4% | 2021 | up 67.7% | volatile |
| 36 | Portugal | 0.4% | 2021 | down 21.7% | volatile |
| 37 | Malaysia | 0.4% | 2021 | up 1,053.5% | volatile |
| 38 | Italy | 0.4% | 2021 | up 410.1% | volatile |
| 39 | Slovenia | 0.4% | 2019 | down 39.6% | volatile |
| 40 | Singapore | 0.3% | 2021 | down 43.4% | volatile |
| 41 | Dominican Republic | 0.3% | 2021 | down 26.1% | volatile |
| 42 | Iran | 0.3% | 2002 | — | volatile |
| 43 | Kazakhstan | 0.3% | 2021 | up 187.9% | volatile |
| 44 | Denmark | 0.3% | 2021 | up 113.9% | volatile |
| 45 | Egypt | 0.3% | 2021 | up 59,258.4% | volatile |
| 46 | South Korea | 0.2% | 2021 | down 40.5% | volatile |
| 47 | Ghana | 0.2% | 2021 | down 93.2% | volatile |
| 48 | Japan | 0.2% | 2021 | up 305.7% | volatile |
| 49 | Germany | 0.2% | 2021 | down 66.4% | volatile |
| 50 | Russia | 0.1% | 2021 | up 1,885.0% | volatile |
| 51 | Oman | 0.1% | 2021 | up 468.2% | volatile |
| 52 | Belgium | 0.1% | 2021 | up 103.6% | volatile |
| 53 | Lithuania | 0.1% | 2021 | down 94.7% | volatile |
| 54 | Mauritius | 0.1% | 2019 | down 62.9% | volatile |
| 55 | Nigeria | 0.1% | 2021 | down 57.4% | volatile |
| 56 | Philippines | 0.1% | 2021 | up 118.1% | volatile |
| 57 | Hong Kong | 0.1% | 2021 | down 42.0% | volatile |
| 58 | Slovakia | 0.0% | 2021 | down 98.1% | volatile |
| 59 | Hungary | 0.0% | 2021 | up 105.1% | volatile |
| 60 | Vietnam | 0.0% | 2021 | up 116.2% | volatile |
| 61 | New Zealand | 0.0% | 2021 | down 91.7% | volatile |
| 62 | South Africa | 0.0% | 2021 | up 5.4% | volatile |
| 63 | Ireland | 0.0% | 2021 | up 102.8% | volatile |
| 64 | China | 0.0% | 2021 | down 78.8% | volatile |
| 65 | Saudi Arabia | 0.0% | 2021 | down 85.8% | volatile |
| 66 | Romania | 0.0% | 2021 | down 98.4% | volatile |
| 67 | Paraguay | 0.0% | 2021 | down 99.1% | volatile |
| 68 | Ecuador | 0.0% | 2021 | up 104.9% | volatile |
| 69 | Serbia | -0.0% | 2021 | up 96.1% | volatile |
| 70 | India | -0.0% | 2021 | up 83.4% | volatile |
| 71 | Thailand | -0.0% | 2021 | down 128.4% | volatile |
| 72 | Argentina | -0.0% | 2021 | down 309.2% | volatile |
| 73 | Switzerland | -0.0% | 2021 | up 73.9% | volatile |
| 74 | Bulgaria | -0.1% | 2021 | up 70.0% | volatile |
| 75 | Brazil | -0.1% | 2021 | down 122.0% | volatile |
| 76 | Mexico | -0.1% | 2021 | down 127.7% | volatile |
| 77 | Luxembourg | -0.1% | 2021 | down 104.1% | volatile |
| 78 | Indonesia | -0.2% | 2021 | down 189.2% | volatile |
| 79 | Algeria | -0.2% | 2017 | down 245.3% | volatile |
| 80 | Costa Rica | -0.3% | 2021 | down 153.2% | volatile |
| 81 | Ukraine | -0.4% | 2021 | down 23.0% | volatile |
| 82 | Czechia | -0.5% | 2021 | down 2,261.4% | volatile |
| 83 | Turkey | -0.5% | 2021 | down 428.3% | volatile |
| 84 | Pakistan | -0.5% | 2021 | down 232.1% | volatile |
| 85 | Venezuela | -0.6% | 2014 | down 142.3% | volatile |
| 86 | Laos | -0.8% | 2021 | down 207.4% | volatile |
| 87 | Estonia | -1.2% | 2020 | down 790.0% | volatile |
| 88 | Sri Lanka | -1.2% | 2020 | down 170.1% | volatile |
| 89 | Austria | -1.3% | 2021 | up 33.7% | volatile |
| 90 | Aruba | -1.4% | 2019 | down 180.9% | volatile |
| 91 | Jamaica | -1.5% | 2021 | down 136.9% | volatile |
| 92 | Sweden | -2.0% | 2021 | down 546.0% | volatile |
| 93 | Croatia | -2.4% | 2019 | down 181.0% | volatile |
| 94 | Jordan | -2.9% | 2020 | down 203.5% | volatile |
| 95 | El Salvador | -3.0% | 2019 | down 165.4% | volatile |
| 96 | Finland | -3.3% | 2021 | down 2,362.0% | volatile |
| 97 | Barbados | -6.1% | 2019 | down 160.8% | volatile |
| 98 | Congo | -17.0% | 2003 | down 15,123.6% | volatile |
About this data
Ratio of net offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 12A (Net Issues): International debt securities - all issuers.