Private credit by deposit money banks and other financial institutions to GDP (%) by country
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of...
Countries reporting
187
Highest
260.0%
Hong Kong, China
Lowest
2.1%
South Sudan
Median
49.5%
Years covered
62
1960–2021
Data points
8,619
What the numbers show
Private credit by deposit money banks and other financial institutions to GDP (%) is currently reported for 187 countries. The highest value is 260.0% in Hong Kong, China; the lowest is 2.1% in South Sudan.
The median across all reporting countries is 49.5%, and the mean is 58.4%.
The gap between the highest and lowest reporting country is a factor of about 127.
Over the past decade 118 countries rose and 69 fell. The largest increase was in Cambodia (up 495.1%), and the largest decrease in Mauritania (down 88.0%).
Private credit by deposit money banks and other financial: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong, China | 260.0% | 2021 | up 28.5% | rising |
| 2 | Macau, China | 238.2% | 2021 | up 324.4% | volatile |
| 3 | United States of America | 216.6% | 2020 | up 19.0% | rising |
| 4 | Japan | 194.0% | 2021 | up 23.5% | rising |
| 5 | Cyprus | 180.6% | 2007 | up 36.9% | rising |
| 6 | China | 178.1% | 2021 | up 44.7% | rising |
| 7 | Korea | 171.5% | 2021 | up 92.2% | volatile |
| 8 | Switzerland | 168.5% | 2016 | up 12.7% | rising |
| 9 | Cambodia | 168.0% | 2021 | up 495.1% | volatile |
| 10 | Thailand | 164.2% | 2021 | up 25.7% | volatile |
| 11 | Denmark | 158.8% | 2021 | down 15.2% | volatile |
| 12 | New Zealand | 144.3% | 2021 | up 0.4% | volatile |
| 13 | Norway | 143.6% | 2021 | up 14.2% | rising |
| 14 | Australia | 142.8% | 2021 | up 10.6% | volatile |
| 15 | United Kingdom of Great Britain and Northern Ireland | 136.0% | 2021 | down 19.8% | volatile |
| 16 | Sweden | 135.7% | 2021 | up 9.4% | rising |
| 17 | Singapore | 135.7% | 2020 | up 39.4% | rising |
| 18 | Malaysia | 127.6% | 2021 | up 17.8% | volatile |
| 19 | Fiji | 126.1% | 2021 | up 67.3% | volatile |
| 20 | Viet Nam | 125.0% | 2021 | up 22.8% | volatile |
| 21 | Canada | 124.1% | 2008 | down 28.1% | falling |
| 22 | Qatar | 123.0% | 2021 | up 209.4% | volatile |
| 23 | France | 115.4% | 2021 | up 19.2% | rising |
| 24 | Bahrain | 108.9% | 2015 | up 107.0% | volatile |
| 25 | Chile | 108.7% | 2021 | up 7.6% | volatile |
| 26 | Nepal | 105.3% | 2021 | up 129.4% | volatile |
| 27 | Samoa | 103.3% | 2021 | up 61.8% | volatile |
| 28 | Iceland | 102.6% | 2021 | down 24.8% | volatile |
| 29 | Lebanon | 101.6% | 2017 | up 42.1% | rising |
| 30 | Luxembourg | 99.3% | 2021 | up 17.9% | rising |
| 31 | San Marino | 98.1% | 2020 | down 6.0% | rising |
| 32 | Portugal | 97.6% | 2021 | down 37.5% | rising |
| 33 | Netherlands | 97.1% | 2021 | down 15.2% | rising |
| 34 | Finland | 96.9% | 2021 | up 8.5% | rising |
| 35 | Spain | 96.4% | 2021 | down 42.5% | rising |
| 36 | Kuwait | 93.6% | 2018 | up 40.5% | volatile |
| 37 | Austria | 93.6% | 2021 | down 2.2% | rising |
| 38 | Aruba | 89.4% | 2020 | up 52.1% | rising |
| 39 | Mauritius | 88.9% | 2021 | down 0.3% | volatile |
| 40 | United Arab Emirates | 88.4% | 2020 | up 18.8% | volatile |
| 41 | Bhutan | 85.2% | 2020 | up 72.9% | volatile |
| 42 | Germany | 85.0% | 2021 | up 0.1% | rising |
| 43 | Panama | 84.9% | 2021 | up 11.3% | rising |
| 44 | Jordan | 83.7% | 2021 | up 16.7% | rising |
| 45 | Barbados | 81.2% | 2019 | down 0.7% | rising |
| 46 | Italy | 77.7% | 2021 | down 17.3% | rising |
| 47 | Malta | 77.2% | 2021 | down 35.0% | rising |
| 48 | Bolivia, Plurinational State of | 76.0% | 2021 | up 86.3% | volatile |
| 49 | Oman | 75.1% | 2019 | up 60.9% | volatile |
| 50 | Georgia | 73.5% | 2021 | up 118.3% | volatile |
| 51 | Türkiye | 72.8% | 2021 | up 48.3% | volatile |
| 52 | Brazil | 71.4% | 2021 | up 9.7% | volatile |
| 53 | Belgium | 71.0% | 2021 | up 28.1% | volatile |
| 54 | Cape Verde | 70.8% | 2021 | up 8.4% | volatile |
| 55 | Philippines | 70.7% | 2021 | up 131.7% | rising |
| 56 | Israel | 70.2% | 2021 | down 20.2% | rising |
| 57 | Namibia | 69.7% | 2021 | up 41.4% | rising |
| 58 | Slovakia | 68.3% | 2021 | up 48.3% | rising |
| 59 | Honduras | 66.7% | 2021 | up 41.0% | volatile |
| 60 | Saint Lucia | 66.7% | 2021 | down 23.2% | rising |
| 61 | Morocco | 66.6% | 2021 | down 29.2% | volatile |
| 62 | Tunisia | 64.9% | 2021 | down 10.8% | rising |
| 63 | Belize | 64.4% | 2021 | up 8.3% | rising |
| 64 | Iran, Islamic Republic of | 64.4% | 2016 | up 44.2% | rising |
| 65 | Saudi Arabia | 64.3% | 2017 | up 28.5% | rising |
| 66 | Bahamas | 62.6% | 2020 | down 3.9% | rising |
| 67 | Estonia | 60.9% | 2021 | down 22.0% | rising |
| 68 | Trinidad and Tobago | 60.0% | 2021 | up 103.6% | rising |
| 69 | Saint Kitts and Nevis | 60.0% | 2021 | up 2.6% | rising |
| 70 | Armenia | 59.1% | 2021 | up 72.0% | volatile |
| 71 | Vanuatu | 58.8% | 2021 | down 14.7% | rising |
| 72 | El Salvador | 58.2% | 2021 | up 27.0% | rising |
| 73 | Jamaica | 58.1% | 2021 | up 116.9% | rising |
| 74 | South Africa | 57.7% | 2021 | down 51.6% | rising |
| 75 | Grenada | 57.3% | 2021 | down 32.5% | rising |
| 76 | Costa Rica | 57.1% | 2021 | up 24.0% | rising |
| 77 | Greece | 56.8% | 2021 | down 52.3% | volatile |
| 78 | Russian Federation | 56.3% | 2021 | up 32.3% | rising |
| 79 | Bosnia and Herzegovina | 55.9% | 2021 | down 7.7% | rising |
| 80 | North Macedonia | 55.9% | 2021 | up 23.0% | rising |
| 81 | Croatia | 54.0% | 2021 | down 22.1% | rising |
| 82 | Czechia | 53.6% | 2021 | up 11.0% | falling |
| 83 | Montenegro | 52.7% | 2021 | down 4.5% | rising |
| 84 | Palestine, State of | 52.3% | 2021 | up 127.9% | rising |
| 85 | India | 51.9% | 2021 | down 0.8% | volatile |
| 86 | Kosovo | 51.7% | 2021 | up 34.4% | rising |
| 86 | Kosovo (UNSCR 1244) | 51.7% | 2021 | up 34.4% | rising |
| 88 | Colombia | 51.7% | 2021 | up 15.4% | rising |
| 89 | Dominica | 50.9% | 2021 | down 8.4% | rising |
| 90 | Bulgaria | 50.6% | 2021 | down 22.4% | rising |
| 91 | Paraguay | 50.2% | 2021 | up 73.9% | volatile |
| 92 | Ecuador | 50.2% | 2021 | up 83.0% | volatile |
| 93 | Sri Lanka | 49.7% | 2019 | up 101.0% | rising |
| 94 | Antigua and Barbuda | 49.5% | 2021 | down 35.4% | rising |
| 95 | Mongolia | 47.9% | 2021 | up 10.1% | volatile |
| 96 | Peru | 47.8% | 2021 | up 76.0% | rising |
| 97 | Poland | 46.4% | 2021 | down 9.8% | rising |
| 98 | Saint Vincent and the Grenadines | 46.2% | 2021 | down 8.0% | rising |
| 99 | Seychelles | 45.6% | 2021 | up 69.0% | rising |
| 100 | Serbia | 43.4% | 2021 | down 3.1% | rising |
| 101 | Maldives | 42.5% | 2021 | up 0.1% | volatile |
| 102 | Slovenia | 41.1% | 2021 | down 49.8% | rising |
| 103 | Brunei Darussalam | 39.7% | 2020 | up 7.5% | falling |
| 104 | Venezuela, Bolivarian Republic of | 39.5% | 2014 | up 259.9% | volatile |
| 105 | Bangladesh | 39.0% | 2021 | down 7.8% | volatile |
| 106 | Tonga | 38.8% | 2020 | down 2.8% | rising |
| 107 | Hungary | 38.3% | 2021 | down 34.3% | rising |
| 108 | Lithuania | 38.2% | 2021 | down 22.9% | rising |
| 109 | Indonesia | 36.9% | 2021 | up 22.6% | rising |
| 110 | Botswana | 36.7% | 2021 | up 34.1% | rising |
| 111 | Guatemala | 35.9% | 2021 | up 49.6% | rising |
| 112 | Albania | 35.9% | 2021 | down 12.6% | volatile |
| 113 | Uzbekistan | 35.8% | 2021 | up 283.1% | volatile |
| 114 | Mexico | 35.8% | 2021 | up 45.7% | rising |
| 115 | Guyana | 33.4% | 2021 | up 26.9% | volatile |
| 116 | Romania | 32.7% | 2021 | down 26.2% | volatile |
| 117 | Latvia | 31.8% | 2021 | down 60.3% | volatile |
| 118 | Solomon Islands | 30.9% | 2021 | up 65.6% | rising |
| 119 | Kenya | 30.9% | 2021 | up 13.5% | rising |
| 120 | Belarus | 29.8% | 2021 | down 21.3% | falling |
| 121 | Egypt | 29.7% | 2021 | up 0.1% | rising |
| 122 | Burkina Faso | 29.4% | 2021 | up 76.0% | volatile |
| 123 | Kyrgyzstan | 29.2% | 2021 | up 155.9% | volatile |
| 124 | Senegal | 28.8% | 2021 | up 24.2% | rising |
| 125 | Republic of Moldova | 28.6% | 2021 | down 4.5% | rising |
| 126 | Mali | 28.5% | 2021 | up 66.2% | rising |
| 127 | Ireland | 28.0% | 2021 | down 75.8% | volatile |
| 128 | Burundi | 27.9% | 2020 | up 39.2% | volatile |
| 129 | Dominican Republic | 27.8% | 2021 | up 22.6% | rising |
| 130 | Nicaragua | 27.8% | 2021 | up 6.1% | volatile |
| 131 | Uruguay | 27.3% | 2021 | up 18.6% | rising |
| 132 | Myanmar | 27.2% | 2020 | up 431.9% | volatile |
| 133 | Kazakhstan | 26.8% | 2021 | down 23.6% | volatile |
| 134 | Togo | 26.6% | 2021 | down 4.1% | rising |
| 135 | Algeria | 25.3% | 2021 | up 81.5% | volatile |
| 136 | Rwanda | 25.2% | 2021 | up 93.3% | volatile |
| 137 | Azerbaijan | 22.9% | 2021 | up 33.0% | volatile |
| 138 | Mozambique | 22.6% | 2021 | up 7.5% | volatile |
| 139 | Mauritania | 22.6% | 2019 | down 88.0% | volatile |
| 140 | Côte d'Ivoire | 21.9% | 2021 | up 84.9% | falling |
| 141 | Micronesia, Federated States of | 21.9% | 2020 | up 6.3% | falling |
| 142 | Lesotho | 21.1% | 2021 | up 48.8% | rising |
| 143 | Lao People's Democratic Republic | 20.9% | 2010 | up 165.4% | volatile |
| 144 | Syrian Arab Republic | 20.7% | 2011 | up 166.7% | volatile |
| 145 | Eswatini | 19.9% | 2021 | down 11.0% | falling |
| 146 | Suriname | 19.6% | 2021 | down 16.8% | rising |
| 147 | Papua New Guinea | 19.1% | 2020 | down 9.6% | rising |
| 148 | Sao Tome and Principe | 18.8% | 2020 | down 49.4% | falling |
| 149 | Djibouti | 18.7% | 2021 | down 15.0% | falling |
| 150 | Eritrea | 18.6% | 2014 | down 43.8% | falling |
| 151 | Ethiopia | 18.0% | 2008 | down 13.5% | volatile |
| 152 | Ukraine | 17.6% | 2021 | down 75.2% | volatile |
| 153 | Madagascar | 17.4% | 2021 | up 84.9% | falling |
| 154 | Argentina | 16.0% | 2017 | up 21.8% | flat |
| 155 | Benin | 15.5% | 2021 | down 7.8% | volatile |
| 156 | Pakistan | 15.4% | 2021 | down 14.7% | falling |
| 157 | Comoros | 15.4% | 2021 | up 46.1% | rising |
| 158 | Guinea-Bissau | 15.4% | 2021 | up 54.8% | volatile |
| 159 | Timor-Leste | 15.3% | 2021 | up 21.1% | flat |
| 160 | Equatorial Guinea | 15.1% | 2019 | up 167.1% | volatile |
| 161 | Uganda | 14.7% | 2021 | up 18.6% | rising |
| 162 | Cameroon | 14.1% | 2019 | up 55.5% | falling |
| 163 | Liberia | 13.8% | 2020 | up 45.7% | volatile |
| 164 | Gabon | 13.3% | 2019 | up 45.5% | falling |
| 165 | Congo | 13.2% | 2019 | up 177.9% | volatile |
| 166 | Niger | 12.9% | 2021 | up 30.5% | volatile |
| 167 | Nigeria | 12.8% | 2021 | up 18.1% | rising |
| 168 | Tanzania, United Republic of | 12.6% | 2020 | up 9.6% | rising |
| 169 | Central African Republic | 11.5% | 2019 | up 81.0% | falling |
| 170 | Iraq | 11.3% | 2021 | up 109.6% | falling |
| 171 | Ghana | 10.3% | 2021 | down 37.9% | volatile |
| 172 | Tajikistan | 10.1% | 2021 | down 35.2% | flat |
| 173 | Chad | 9.5% | 2019 | up 150.0% | volatile |
| 174 | Angola | 9.2% | 2021 | down 53.4% | volatile |
| 175 | Guinea | 9.0% | 2021 | up 32.3% | rising |
| 176 | Zambia | 8.9% | 2021 | down 35.2% | rising |
| 177 | Gambia | 8.2% | 2021 | down 25.0% | volatile |
| 178 | Haiti | 8.0% | 2021 | down 0.0% | volatile |
| 179 | Zimbabwe | 7.5% | 2021 | down 60.3% | volatile |
| 180 | Malawi | 7.4% | 2016 | up 50.4% | volatile |
| 181 | Congo, Democratic Republic of the | 7.2% | 2021 | up 89.2% | volatile |
| 182 | Libya | 7.1% | 2021 | down 66.8% | volatile |
| 183 | Sierra Leone | 6.8% | 2021 | down 8.7% | falling |
| 184 | Sudan | 6.6% | 2021 | down 28.8% | falling |
| 185 | Yemen | 5.6% | 2013 | down 11.5% | rising |
| 186 | Afghanistan | 3.0% | 2020 | down 74.8% | volatile |
| 187 | South Sudan | 2.1% | 2020 | up 378.5% | rising |
About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)