Private credit by deposit money banks 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
47.8%
Years covered
62
1960–2021
Data points
8,608
What the numbers show
Private credit by deposit money banks 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 47.8%, and the mean is 54.8%.
The gap between the highest and lowest reporting country is a factor of about 127.
Over the past decade 119 countries rose and 68 fell. The largest increase was in Cambodia (up 488.8%), and the largest decrease in Mauritania (down 88.0%).
Private credit by deposit money banks to GDP: 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 | Cyprus | 180.6% | 2007 | up 36.9% | rising |
| 4 | China | 178.1% | 2021 | up 44.7% | rising |
| 5 | Korea | 171.5% | 2021 | up 92.2% | volatile |
| 6 | Switzerland | 168.5% | 2016 | up 12.7% | rising |
| 7 | Cambodia | 166.2% | 2021 | up 488.8% | volatile |
| 8 | Denmark | 158.8% | 2021 | down 15.2% | rising |
| 9 | New Zealand | 144.3% | 2021 | up 0.4% | volatile |
| 10 | United Kingdom of Great Britain and Northern Ireland | 136.0% | 2021 | down 19.8% | volatile |
| 11 | Sweden | 135.7% | 2021 | up 9.4% | volatile |
| 12 | Australia | 133.0% | 2021 | up 9.4% | volatile |
| 13 | Singapore | 132.7% | 2020 | up 39.9% | rising |
| 14 | Malaysia | 127.6% | 2021 | up 17.8% | volatile |
| 15 | Thailand | 126.8% | 2021 | up 25.0% | volatile |
| 16 | Viet Nam | 125.0% | 2021 | up 22.8% | volatile |
| 17 | Canada | 124.1% | 2008 | up 55.4% | volatile |
| 18 | Qatar | 123.0% | 2021 | up 209.4% | volatile |
| 19 | Norway | 121.3% | 2021 | up 12.5% | volatile |
| 20 | Japan | 119.2% | 2021 | up 20.2% | rising |
| 21 | France | 115.4% | 2021 | up 19.2% | rising |
| 22 | Nepal | 105.3% | 2021 | up 129.4% | volatile |
| 23 | Iceland | 102.6% | 2021 | down 24.8% | volatile |
| 24 | Lebanon | 101.6% | 2017 | up 42.1% | rising |
| 25 | Luxembourg | 99.3% | 2021 | up 17.9% | rising |
| 26 | San Marino | 98.1% | 2020 | down 6.0% | rising |
| 27 | Portugal | 97.6% | 2021 | down 37.5% | rising |
| 28 | Netherlands | 97.1% | 2021 | down 15.2% | rising |
| 29 | Finland | 96.9% | 2021 | up 8.5% | rising |
| 30 | Spain | 96.4% | 2021 | down 42.5% | rising |
| 31 | Austria | 93.6% | 2021 | down 2.2% | rising |
| 32 | Kuwait | 90.9% | 2018 | up 50.6% | volatile |
| 33 | Aruba | 89.4% | 2020 | up 52.1% | rising |
| 34 | Mauritius | 88.9% | 2021 | down 0.3% | volatile |
| 35 | United Arab Emirates | 85.6% | 2020 | up 15.0% | volatile |
| 36 | Germany | 85.0% | 2021 | up 0.1% | rising |
| 37 | Fiji | 84.7% | 2021 | up 46.2% | volatile |
| 38 | Jordan | 83.7% | 2021 | up 16.7% | rising |
| 39 | Panama | 83.1% | 2021 | up 11.1% | rising |
| 40 | Barbados | 81.2% | 2019 | down 0.7% | rising |
| 41 | Chile | 80.6% | 2021 | up 15.6% | volatile |
| 42 | Italy | 77.7% | 2021 | down 17.3% | rising |
| 43 | Malta | 77.2% | 2021 | down 35.0% | rising |
| 44 | Bolivia, Plurinational State of | 76.0% | 2021 | up 106.8% | volatile |
| 45 | Oman | 75.1% | 2019 | up 60.9% | volatile |
| 46 | Bahrain | 73.9% | 2015 | up 69.2% | rising |
| 47 | Bhutan | 71.7% | 2020 | up 69.0% | volatile |
| 48 | Brazil | 71.4% | 2021 | up 23.0% | volatile |
| 49 | Belgium | 71.0% | 2021 | up 28.1% | volatile |
| 50 | Cape Verde | 70.8% | 2021 | up 8.4% | volatile |
| 51 | Georgia | 70.6% | 2021 | up 125.8% | volatile |
| 52 | Israel | 70.2% | 2021 | down 20.2% | rising |
| 53 | Slovakia | 68.3% | 2021 | up 48.3% | rising |
| 54 | Saint Lucia | 66.7% | 2021 | down 23.2% | rising |
| 55 | Morocco | 66.6% | 2021 | down 5.3% | volatile |
| 56 | Türkiye | 66.5% | 2021 | up 44.1% | volatile |
| 57 | Tunisia | 64.9% | 2021 | down 6.3% | rising |
| 58 | Belize | 64.4% | 2021 | up 8.3% | rising |
| 59 | Iran, Islamic Republic of | 64.4% | 2016 | up 44.2% | rising |
| 60 | Honduras | 64.4% | 2021 | up 37.8% | rising |
| 61 | Bahamas | 62.0% | 2020 | down 4.5% | rising |
| 62 | Estonia | 60.9% | 2021 | down 22.0% | rising |
| 63 | Saint Kitts and Nevis | 60.0% | 2021 | up 2.6% | rising |
| 64 | Armenia | 59.0% | 2021 | up 72.1% | volatile |
| 65 | Namibia | 59.0% | 2021 | up 19.7% | rising |
| 66 | Vanuatu | 58.8% | 2021 | down 14.7% | rising |
| 67 | Jamaica | 58.1% | 2021 | up 116.9% | rising |
| 68 | Samoa | 57.9% | 2021 | up 45.6% | rising |
| 69 | South Africa | 57.7% | 2021 | down 6.0% | rising |
| 70 | Grenada | 57.3% | 2021 | down 32.5% | rising |
| 71 | Greece | 56.8% | 2021 | down 52.3% | volatile |
| 72 | Russian Federation | 56.3% | 2021 | up 35.0% | rising |
| 73 | Costa Rica | 56.0% | 2021 | up 23.2% | rising |
| 74 | United States of America | 54.6% | 2020 | up 4.4% | rising |
| 75 | Saudi Arabia | 54.0% | 2017 | up 45.6% | volatile |
| 76 | Croatia | 54.0% | 2021 | down 22.1% | rising |
| 77 | North Macedonia | 53.7% | 2021 | up 18.1% | rising |
| 78 | Czechia | 53.6% | 2021 | up 11.0% | falling |
| 79 | El Salvador | 53.1% | 2021 | up 18.6% | rising |
| 80 | Montenegro | 52.7% | 2021 | down 4.5% | rising |
| 81 | India | 51.9% | 2021 | down 0.8% | volatile |
| 82 | Bosnia and Herzegovina | 51.7% | 2021 | down 2.7% | rising |
| 83 | Colombia | 51.7% | 2021 | up 47.9% | rising |
| 84 | Dominica | 50.9% | 2021 | down 8.4% | rising |
| 85 | Bulgaria | 50.6% | 2021 | down 22.4% | rising |
| 86 | Paraguay | 50.2% | 2021 | up 73.9% | volatile |
| 87 | Philippines | 49.9% | 2021 | up 63.8% | rising |
| 88 | Sri Lanka | 49.7% | 2019 | up 101.0% | rising |
| 89 | Antigua and Barbuda | 49.5% | 2021 | down 35.4% | rising |
| 90 | Ecuador | 47.9% | 2021 | up 89.6% | volatile |
| 91 | Mongolia | 47.9% | 2021 | up 10.1% | volatile |
| 92 | Kosovo | 47.8% | 2021 | up 32.3% | rising |
| 92 | Kosovo (UNSCR 1244) | 47.8% | 2021 | up 32.3% | rising |
| 94 | Peru | 47.8% | 2021 | up 77.1% | volatile |
| 95 | Palestine, State of | 47.5% | 2021 | up 107.0% | rising |
| 96 | Poland | 46.4% | 2021 | down 9.8% | rising |
| 97 | Saint Vincent and the Grenadines | 46.2% | 2021 | down 8.0% | rising |
| 98 | Trinidad and Tobago | 46.1% | 2021 | up 66.2% | rising |
| 99 | Serbia | 43.4% | 2021 | down 3.1% | rising |
| 100 | Slovenia | 41.1% | 2021 | down 49.8% | rising |
| 101 | Venezuela, Bolivarian Republic of | 39.5% | 2014 | up 267.8% | flat |
| 102 | Seychelles | 39.0% | 2021 | up 67.5% | rising |
| 103 | Bangladesh | 39.0% | 2021 | down 7.8% | volatile |
| 104 | Tonga | 38.8% | 2020 | down 2.8% | rising |
| 105 | Brunei Darussalam | 38.8% | 2020 | up 6.1% | falling |
| 106 | Hungary | 38.3% | 2021 | down 34.3% | rising |
| 107 | Lithuania | 38.2% | 2021 | down 22.9% | rising |
| 108 | Maldives | 37.7% | 2021 | down 5.0% | volatile |
| 109 | Botswana | 36.7% | 2021 | up 34.1% | rising |
| 110 | Uzbekistan | 35.8% | 2021 | up 283.1% | volatile |
| 111 | Guatemala | 35.3% | 2021 | up 50.9% | rising |
| 112 | Albania | 33.2% | 2021 | down 15.6% | volatile |
| 113 | Indonesia | 31.9% | 2021 | up 18.5% | rising |
| 114 | Latvia | 31.8% | 2021 | down 60.3% | volatile |
| 115 | Kenya | 30.9% | 2021 | up 13.5% | rising |
| 116 | Egypt | 29.7% | 2021 | up 0.1% | rising |
| 117 | Burkina Faso | 29.4% | 2021 | up 76.0% | volatile |
| 118 | Senegal | 28.8% | 2021 | up 24.2% | rising |
| 119 | Mali | 28.5% | 2021 | up 66.2% | rising |
| 120 | Ireland | 28.0% | 2021 | down 75.8% | volatile |
| 121 | Uruguay | 27.3% | 2021 | up 18.6% | rising |
| 122 | Myanmar | 27.2% | 2020 | up 431.9% | volatile |
| 123 | Dominican Republic | 26.7% | 2021 | up 21.6% | rising |
| 124 | Mexico | 26.7% | 2021 | up 37.5% | falling |
| 125 | Romania | 26.6% | 2021 | down 32.4% | volatile |
| 126 | Togo | 26.6% | 2021 | down 4.1% | rising |
| 127 | Kyrgyzstan | 26.0% | 2021 | up 127.1% | volatile |
| 128 | Nicaragua | 25.8% | 2021 | up 7.9% | volatile |
| 129 | Rwanda | 25.2% | 2021 | up 93.3% | volatile |
| 130 | Algeria | 25.0% | 2021 | up 82.3% | volatile |
| 131 | Belarus | 24.6% | 2021 | down 33.9% | falling |
| 132 | Kazakhstan | 23.8% | 2021 | down 32.2% | volatile |
| 133 | Burundi | 23.5% | 2020 | up 29.3% | volatile |
| 134 | Republic of Moldova | 23.4% | 2021 | down 16.8% | rising |
| 135 | Mozambique | 22.6% | 2021 | up 7.5% | volatile |
| 136 | Mauritania | 22.6% | 2019 | down 88.0% | volatile |
| 137 | Azerbaijan | 22.0% | 2021 | up 28.2% | volatile |
| 138 | Côte d'Ivoire | 21.9% | 2021 | up 84.9% | falling |
| 139 | Guyana | 21.9% | 2021 | up 1.9% | volatile |
| 140 | Micronesia, Federated States of | 21.9% | 2020 | up 6.3% | falling |
| 141 | Lesotho | 21.1% | 2021 | up 48.8% | rising |
| 142 | Lao People's Democratic Republic | 20.9% | 2010 | up 165.4% | volatile |
| 143 | Syrian Arab Republic | 20.7% | 2011 | up 166.7% | volatile |
| 144 | Eswatini | 19.9% | 2021 | down 11.0% | falling |
| 145 | Solomon Islands | 19.7% | 2021 | up 32.1% | rising |
| 146 | Suriname | 19.6% | 2021 | down 16.8% | rising |
| 147 | Sao Tome and Principe | 18.8% | 2020 | down 49.4% | falling |
| 148 | Djibouti | 18.7% | 2021 | down 15.0% | falling |
| 149 | Eritrea | 18.6% | 2014 | down 43.8% | falling |
| 150 | Ethiopia | 18.0% | 2008 | up 11.1% | volatile |
| 151 | Ukraine | 17.6% | 2021 | down 68.9% | volatile |
| 152 | Madagascar | 17.4% | 2021 | up 84.9% | falling |
| 153 | Papua New Guinea | 15.6% | 2020 | down 13.1% | falling |
| 154 | Benin | 15.5% | 2021 | down 7.8% | volatile |
| 155 | Pakistan | 15.4% | 2021 | down 14.7% | falling |
| 156 | Argentina | 15.4% | 2017 | up 21.9% | rising |
| 157 | Comoros | 15.4% | 2021 | up 46.1% | volatile |
| 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 | Cameroon | 14.1% | 2019 | up 55.5% | falling |
| 162 | Liberia | 13.8% | 2020 | up 45.7% | volatile |
| 163 | Gabon | 13.3% | 2019 | up 45.5% | falling |
| 164 | Uganda | 13.3% | 2021 | up 9.1% | rising |
| 165 | Congo | 13.2% | 2019 | up 177.9% | volatile |
| 166 | Niger | 12.9% | 2021 | up 30.5% | volatile |
| 167 | Tanzania, United Republic of | 12.6% | 2020 | up 9.6% | rising |
| 168 | Nigeria | 12.2% | 2021 | up 13.1% | 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 | 9.7% | 2021 | down 31.6% | flat |
| 173 | Chad | 9.5% | 2019 | up 150.0% | volatile |
| 174 | Guinea | 9.0% | 2021 | up 32.3% | rising |
| 175 | Zambia | 8.9% | 2021 | down 11.6% | rising |
| 176 | Angola | 8.4% | 2021 | down 57.3% | volatile |
| 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 102.9% | 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 (IFS line 22d); 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).