Monetary Sector credit to private sector (% 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. This...
Countries reporting
187
Highest
222.6%
Hong Kong
Lowest
2.3%
South Sudan
Median
38.1%
Years covered
66
1960–2025
Data points
11,534
What the numbers show
Monetary Sector credit to private sector (% GDP) is currently reported for 187 countries. The highest value is 222.6% in Hong Kong; the lowest is 2.3% in South Sudan.
The median across all reporting countries is 38.1%, and the mean is 48.1%.
The gap between the highest and lowest reporting country is a factor of about 97.
Over the past decade 93 countries rose and 93 fell. The largest increase was in Myanmar (up 508.0%), and the largest decrease in Kuwait (down 95.0%).
Monetary Sector credit to private sector (% GDP): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong | 222.6% | 2025 | up 7.1% | rising |
| 2 | China | 194.3% | 2024 | up 41.2% | rising |
| 3 | Switzerland | 167.8% | 2016 | up 13.4% | rising |
| 4 | South Korea | 160.3% | 2024 | up 27.8% | volatile |
| 5 | Denmark | 144.1% | 2024 | down 16.9% | volatile |
| 6 | Australia | 133.8% | 2025 | down 1.5% | volatile |
| 7 | New Zealand | 129.7% | 2025 | down 9.8% | volatile |
| 8 | Singapore | 128.4% | 2020 | up 35.4% | rising |
| 9 | Qatar | 126.8% | 2025 | up 78.9% | volatile |
| 10 | Sweden | 125.3% | 2024 | down 3.9% | volatile |
| 11 | Vietnam | 125.0% | 2022 | up 65.4% | volatile |
| 12 | Canada | 124.1% | 2008 | up 55.4% | rising |
| 13 | Cambodia | 121.5% | 2025 | up 118.9% | volatile |
| 14 | Malaysia | 117.9% | 2025 | down 4.2% | volatile |
| 15 | Macao | 117.0% | 2025 | up 7.9% | volatile |
| 16 | Japan | 116.3% | 2025 | up 15.2% | rising |
| 17 | United Kingdom | 112.4% | 2024 | down 16.5% | volatile |
| 18 | Thailand | 111.8% | 2025 | down 3.5% | volatile |
| 19 | France | 107.6% | 2024 | up 14.6% | rising |
| 20 | Lebanon | 106.6% | 2017 | up 43.8% | rising |
| 21 | Norway | 106.0% | 2024 | down 0.5% | rising |
| 22 | Panama | 98.2% | 2020 | up 21.6% | rising |
| 23 | Finland | 92.0% | 2024 | down 1.4% | rising |
| 24 | Nepal | 90.5% | 2025 | up 59.1% | volatile |
| 25 | Iceland | 89.2% | 2025 | up 3.4% | volatile |
| 26 | Luxembourg | 85.1% | 2024 | down 1.3% | rising |
| 27 | Netherlands | 82.4% | 2024 | down 28.5% | falling |
| 28 | Austria | 81.8% | 2024 | down 7.5% | falling |
| 29 | Fiji | 78.3% | 2025 | up 27.9% | volatile |
| 30 | Germany | 77.3% | 2023 | down 4.3% | falling |
| 31 | Portugal | 77.1% | 2024 | down 40.5% | falling |
| 32 | Brazil | 75.1% | 2025 | up 12.4% | volatile |
| 33 | Spain | 74.2% | 2024 | down 42.6% | falling |
| 34 | Honduras | 72.7% | 2025 | up 33.8% | volatile |
| 35 | Israel | 72.5% | 2025 | up 10.1% | rising |
| 36 | Bhutan | 72.3% | 2025 | up 69.9% | volatile |
| 37 | Mauritius | 72.0% | 2025 | down 27.1% | volatile |
| 38 | Jordan | 71.3% | 2025 | up 17.4% | rising |
| 39 | Bahrain | 70.6% | 2015 | up 61.5% | rising |
| 40 | Armenia | 70.4% | 2025 | up 54.6% | volatile |
| 41 | Chile | 70.1% | 2025 | down 13.9% | volatile |
| 42 | Belgium | 68.1% | 2024 | up 18.3% | rising |
| 43 | United Arab Emirates | 68.0% | 2024 | up 10.6% | volatile |
| 44 | Georgia | 65.9% | 2025 | up 49.8% | volatile |
| 45 | Saint Kitts and Nevis | 65.0% | 2025 | up 20.7% | rising |
| 46 | Oman | 63.2% | 2024 | up 54.2% | volatile |
| 47 | Malta | 61.7% | 2024 | down 34.7% | falling |
| 48 | Estonia | 60.5% | 2024 | down 8.6% | falling |
| 49 | Italy | 60.3% | 2024 | down 31.6% | flat |
| 50 | Barbados | 59.7% | 2023 | down 13.3% | rising |
| 51 | Slovakia | 59.7% | 2024 | up 20.5% | rising |
| 52 | South Africa | 59.2% | 2025 | down 5.3% | rising |
| 53 | Aruba | 58.0% | 2023 | down 1.9% | rising |
| 54 | Iran | 57.8% | 2016 | up 29.1% | rising |
| 55 | Tunisia | 57.7% | 2025 | down 4.1% | rising |
| 56 | Ecuador | 57.6% | 2025 | up 107.2% | volatile |
| 57 | Grenada | 57.5% | 2025 | up 0.4% | rising |
| 58 | Cyprus | 56.7% | 2024 | down 77.5% | falling |
| 59 | Palestine | 56.5% | 2025 | up 73.2% | rising |
| 60 | Paraguay | 55.7% | 2025 | up 28.5% | volatile |
| 61 | Kosovo | 55.7% | 2024 | up 58.2% | rising |
| 61 | Kosovo (UNSCR 1244) | 55.7% | 2024 | up 58.2% | rising |
| 63 | El Salvador | 55.0% | 2025 | up 15.2% | rising |
| 64 | Russia | 54.6% | 2021 | up 31.0% | rising |
| 65 | Cape Verde | 54.0% | 2025 | down 4.2% | rising |
| 66 | Morocco | 53.6% | 2025 | down 8.4% | volatile |
| 67 | North Macedonia | 53.4% | 2025 | up 4.5% | rising |
| 68 | Philippines | 52.1% | 2025 | up 30.6% | rising |
| 69 | Bolivia | 51.8% | 2025 | up 0.6% | volatile |
| 70 | Saint Lucia | 51.7% | 2025 | down 27.0% | rising |
| 71 | Trinidad and Tobago | 50.4% | 2025 | up 54.6% | rising |
| 72 | Saudi Arabia | 50.1% | 2017 | up 35.2% | volatile |
| 73 | Costa Rica | 50.0% | 2025 | down 8.1% | rising |
| 74 | Greece | 48.5% | 2024 | down 58.8% | flat |
| 75 | Vanuatu | 48.5% | 2024 | down 27.0% | rising |
| 76 | Czechia | 48.0% | 2024 | down 2.2% | falling |
| 77 | Bulgaria | 47.1% | 2024 | down 20.5% | rising |
| 78 | Sri Lanka | 47.0% | 2019 | up 82.6% | rising |
| 79 | Croatia | 46.9% | 2024 | down 29.8% | falling |
| 80 | Namibia | 46.2% | 2025 | down 14.4% | rising |
| 81 | Bosnia and Herzegovina | 46.1% | 2025 | down 12.9% | rising |
| 82 | Jamaica | 45.9% | 2025 | up 61.1% | rising |
| 83 | Montenegro | 45.3% | 2024 | down 13.2% | rising |
| 84 | Mongolia | 44.9% | 2024 | down 24.3% | volatile |
| 85 | United States | 44.5% | 2025 | down 12.4% | flat |
| 86 | India | 44.0% | 2025 | down 15.1% | rising |
| 87 | Belize | 43.1% | 2025 | down 6.1% | rising |
| 88 | Bahamas | 40.5% | 2024 | down 33.4% | rising |
| 89 | Colombia | 39.9% | 2025 | down 15.0% | rising |
| 90 | Peru | 39.6% | 2024 | down 3.1% | volatile |
| 91 | East Timor | 39.1% | 2025 | up 193.8% | rising |
| 92 | Brunei | 39.1% | 2025 | down 5.0% | falling |
| 93 | Burundi | 38.5% | 2025 | up 113.0% | volatile |
| 94 | Dominica | 38.1% | 2025 | down 19.9% | rising |
| 95 | Antigua and Barbuda | 37.4% | 2025 | down 23.1% | rising |
| 96 | Turkey | 36.9% | 2025 | down 41.0% | volatile |
| 97 | Guatemala | 36.7% | 2025 | up 5.8% | rising |
| 98 | Saint Vincent and the Grenadines | 36.6% | 2025 | down 26.1% | rising |
| 99 | Samoa | 36.3% | 2009 | up 42.8% | volatile |
| 100 | Lithuania | 35.7% | 2024 | down 12.9% | falling |
| 101 | Slovenia | 35.4% | 2024 | down 35.6% | falling |
| 102 | Serbia | 35.4% | 2025 | down 9.4% | rising |
| 103 | Bangladesh | 34.5% | 2025 | down 22.3% | volatile |
| 104 | Tonga | 34.1% | 2025 | up 0.2% | rising |
| 105 | Poland | 33.6% | 2024 | down 36.2% | rising |
| 106 | Botswana | 33.2% | 2025 | down 7.7% | rising |
| 107 | Maldives | 32.6% | 2025 | up 22.9% | volatile |
| 108 | Hungary | 32.4% | 2024 | down 23.9% | falling |
| 109 | Dominican Republic | 31.9% | 2025 | up 27.1% | rising |
| 110 | Indonesia | 31.8% | 2025 | down 4.0% | rising |
| 111 | Kenya | 31.8% | 2023 | up 12.2% | rising |
| 112 | Albania | 31.6% | 2024 | down 15.5% | volatile |
| 113 | Uzbekistan | 31.2% | 2025 | up 242.6% | rising |
| 114 | Senegal | 30.9% | 2025 | up 13.1% | rising |
| 115 | Uruguay | 30.8% | 2025 | up 10.6% | flat |
| 116 | Latvia | 29.3% | 2024 | down 44.9% | falling |
| 117 | Nicaragua | 29.1% | 2024 | down 6.9% | rising |
| 118 | Myanmar | 29.0% | 2020 | up 508.0% | volatile |
| 119 | Moldova | 28.2% | 2025 | up 5.4% | rising |
| 120 | Venezuela | 27.5% | 2013 | up 209.0% | falling |
| 121 | Mexico | 27.1% | 2025 | up 17.6% | falling |
| 122 | Kazakhstan | 25.9% | 2025 | down 23.9% | volatile |
| 123 | Egypt | 25.8% | 2025 | down 1.8% | rising |
| 124 | Djibouti | 25.2% | 2025 | up 16.0% | falling |
| 125 | Seychelles | 24.5% | 2016 | up 14.6% | rising |
| 126 | Lesotho | 24.3% | 2024 | up 25.7% | rising |
| 127 | Belarus | 24.1% | 2021 | down 35.5% | rising |
| 128 | Ireland | 23.8% | 2024 | down 69.7% | volatile |
| 129 | Micronesia (country) | 23.4% | 2021 | up 18.9% | falling |
| 130 | Eswatini | 23.1% | 2025 | up 8.5% | rising |
| 131 | Togo | 23.0% | 2025 | down 21.2% | rising |
| 132 | Azerbaijan | 22.9% | 2025 | down 40.7% | volatile |
| 133 | Mauritania | 22.7% | 2019 | up 13.7% | rising |
| 134 | Burkina Faso | 22.7% | 2025 | down 9.3% | volatile |
| 135 | Cote d'Ivoire | 22.7% | 2025 | up 35.5% | falling |
| 136 | Kyrgyzstan | 22.3% | 2024 | up 11.2% | volatile |
| 137 | Rwanda | 22.1% | 2025 | up 4.0% | volatile |
| 138 | Romania | 22.1% | 2025 | down 26.2% | rising |
| 139 | Solomon Islands | 21.7% | 2024 | up 25.5% | rising |
| 140 | Laos | 20.9% | 2010 | up 134.2% | volatile |
| 141 | Syria | 20.7% | 2011 | up 155.2% | volatile |
| 142 | Mali | 20.4% | 2025 | down 2.9% | rising |
| 143 | Suriname | 20.3% | 2025 | down 39.9% | flat |
| 144 | Benin | 19.8% | 2025 | up 18.1% | volatile |
| 145 | Algeria | 19.6% | 2025 | up 1.9% | volatile |
| 146 | Mozambique | 18.3% | 2025 | down 43.0% | rising |
| 147 | Ethiopia | 17.7% | 2008 | up 12.3% | volatile |
| 148 | Eritrea | 17.6% | 2011 | down 39.5% | falling |
| 149 | Tanzania | 16.7% | 2024 | up 25.3% | volatile |
| 150 | Madagascar | 16.5% | 2024 | up 41.2% | falling |
| 151 | Argentina | 15.8% | 2025 | up 12.4% | falling |
| 152 | Comoros | 15.3% | 2024 | up 12.4% | volatile |
| 153 | Liberia | 14.8% | 2022 | up 47.2% | volatile |
| 154 | Cameroon | 14.1% | 2019 | up 46.1% | falling |
| 155 | Iraq | 14.0% | 2024 | up 105.3% | falling |
| 156 | Papua New Guinea | 14.0% | 2024 | down 22.3% | falling |
| 157 | Congo | 13.8% | 2023 | up 55.3% | falling |
| 158 | Zambia | 13.7% | 2025 | down 12.9% | falling |
| 159 | Gabon | 13.4% | 2019 | up 32.6% | falling |
| 160 | Central African Republic | 13.0% | 2022 | up 21.0% | falling |
| 161 | Uganda | 12.6% | 2025 | down 2.0% | rising |
| 162 | Libya | 12.5% | 2025 | down 41.7% | volatile |
| 163 | Ukraine | 12.0% | 2025 | down 74.4% | volatile |
| 164 | Tajikistan | 11.9% | 2023 | down 33.8% | falling |
| 165 | Guyana | 11.3% | 2025 | down 61.5% | volatile |
| 166 | Democratic Republic of Congo | 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 | Zimbabwe | 6.5% | 2023 | down 65.4% | volatile |
| 178 | Equatorial Guinea | 5.8% | 2023 | down 15.3% | volatile |
| 179 | Angola | 5.8% | 2025 | down 72.8% | 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 | Haiti | 3.2% | 2025 | down 70.2% | flat |
| 186 | Afghanistan | 3.1% | 2020 | down 73.2% | falling |
| 187 | South Sudan | 2.3% | 2015 | — | rising |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- East Asia & Pacific (excluding high income) 176.6%
- East Asia & Pacific (IDA & IBRD countries) 176.6%
- East Asia & Pacific 164.7%
- Late-demographic dividend 154.3%
- Upper middle income 136.9%
- Middle income 120.4%
- IBRD only 119.9%
- Low & middle income 119.8%
- IDA & IBRD total 115.6%
- World 90.4%
- Europe & Central Asia 78.1%
- Euro area 77.1%
- European Union 75.6%
- Post-demographic dividend 73.2%
- High income 71.9%
- OECD members 68.7%
- Pacific island small states 60.4%
- Other small states 60.0%
- Small states 52.6%
- Arab World 51.7%
- Middle East, North Africa, Afghanistan & Pakistan 49.8%
- Europe & Central Asia (IDA & IBRD countries) 48.5%
- Latin America & Caribbean 48.2%
- Latin America & the Caribbean (IDA & IBRD countries) 48.2%
- Latin America & Caribbean (excluding high income) 47.3%
- North America 44.5%
- South Asia 43.5%
- South Asia (IDA & IBRD) 43.5%
- Lower middle income 39.6%
- Early-demographic dividend 38.2%
- Central Europe and the Baltics 37.0%
- Europe & Central Asia (excluding high income) 33.7%
- Africa Eastern and Southern 33.3%
- IDA only 32.9%
- Caribbean Small States 32.7%
- Least developed countries 31.1%
- IDA total 27.7%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 27.0%
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 26.6%
- Sub-Saharan Africa (excluding high income) 22.9%
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. 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.