Claims on private sector (annual growth as % of broad money) by country
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. Broad money is the sum of all liquid financial instruments held by money-holding sectors that...
Countries reporting
165
Highest
421.7%
Zimbabwe
Lowest
-25.9%
Equatorial Guinea
Median
5.3%
Years covered
65
1961–2025
Data points
8,295
What the numbers show
Claims on private sector (annual growth as % of broad money) is currently reported for 165 countries. The highest value is 421.7% in Zimbabwe; the lowest is -25.9% in Equatorial Guinea.
The median across all reporting countries is 5.3%, and the mean is 9.9%.
The gap between the highest and lowest reporting country is a factor of about 16.
Over the past decade 76 countries rose and 89 fell. The largest increase was in Sierra Leone (up 1,003,110.0%), and the largest decrease in Sao Tome and Principe (down 6,655.9%).
Claims on private sector: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Zimbabwe | 421.7% | 2023 | up 12,049.0% | volatile |
| 2 | Somalia | 100.1% | 1989 | up 4,205.5% | volatile |
| 3 | Grenada | 62.7% | 2025 | up 2,310.4% | volatile |
| 4 | Sudan | 43.6% | 2021 | up 965.7% | volatile |
| 5 | Argentina | 37.6% | 2025 | up 100.3% | volatile |
| 6 | Turkey | 37.2% | 2025 | up 59.7% | volatile |
| 7 | Venezuela | 34.4% | 2013 | up 568.7% | volatile |
| 8 | Uzbekistan | 34.1% | 2025 | up 183.8% | rising |
| 9 | Laos | 24.5% | 2010 | up 9.3% | volatile |
| 10 | Armenia | 24.0% | 2025 | up 783.0% | volatile |
| 11 | Mongolia | 24.0% | 2024 | up 33.4% | volatile |
| 12 | Burundi | 20.1% | 2025 | up 2,950.6% | volatile |
| 13 | Iran | 20.1% | 2016 | down 46.4% | volatile |
| 14 | Liberia | 18.4% | 2022 | up 209.5% | volatile |
| 15 | Ethiopia | 17.7% | 2008 | up 371.5% | volatile |
| 16 | Rwanda | 17.7% | 2025 | down 37.3% | volatile |
| 17 | Democratic Republic of Congo | 16.3% | 2022 | up 14.5% | volatile |
| 18 | Georgia | 16.1% | 2025 | down 9.4% | volatile |
| 20 | Tajikistan | 14.5% | 2023 | down 59.2% | volatile |
| 21 | Bhutan | 14.5% | 2025 | up 49.1% | volatile |
| 22 | Kazakhstan | 14.0% | 2025 | up 198.7% | volatile |
| 23 | Russia | 12.6% | 2021 | down 42.7% | volatile |
| 24 | Moldova | 12.5% | 2025 | up 686.6% | volatile |
| 25 | Kyrgyzstan | 12.1% | 2023 | down 15.6% | volatile |
| 26 | Nicaragua | 12.0% | 2023 | down 25.5% | volatile |
| 27 | Chad | 12.0% | 2021 | up 32.8% | volatile |
| 28 | Vietnam | 11.9% | 2022 | up 33.1% | falling |
| 29 | Montenegro | 11.8% | 2024 | up 2,366.8% | volatile |
| 30 | Kenya | 11.2% | 2023 | down 20.9% | volatile |
| 31 | North Macedonia | 11.0% | 2025 | up 25.4% | volatile |
| 32 | Suriname | 10.1% | 2025 | up 25.4% | volatile |
| 33 | Ecuador | 9.9% | 2025 | up 831.3% | volatile |
| 34 | Benin | 9.6% | 2025 | up 555.2% | volatile |
| 35 | Malawi | 9.6% | 2024 | up 17.7% | volatile |
| 36 | Sierra Leone | 9.6% | 2025 | up 1,003,110.0% | volatile |
| 37 | Serbia | 9.6% | 2025 | up 212.5% | volatile |
| 38 | Mauritania | 9.4% | 2019 | up 154.9% | volatile |
| 39 | Fiji | 9.4% | 2024 | down 23.9% | volatile |
| 40 | Colombia | 9.0% | 2025 | down 41.0% | volatile |
| 41 | Eritrea | 9.0% | 2014 | up 237.2% | volatile |
| 42 | Senegal | 8.2% | 2025 | up 27.6% | volatile |
| 43 | Iceland | 8.2% | 2025 | up 168.5% | volatile |
| 44 | Bulgaria | 8.2% | 2024 | up 219.4% | volatile |
| 45 | Ghana | 8.2% | 2024 | down 68.8% | volatile |
| 46 | Paraguay | 8.0% | 2025 | down 56.8% | volatile |
| 47 | Guyana | 8.0% | 2025 | up 138.9% | volatile |
| 48 | Tanzania | 7.9% | 2024 | down 31.2% | volatile |
| 49 | Dominican Republic | 7.7% | 2025 | down 16.5% | volatile |
| 50 | Maldives | 7.6% | 2025 | up 17.5% | volatile |
| 51 | Uganda | 7.4% | 2025 | down 26.9% | volatile |
| 52 | Egypt | 7.3% | 2025 | up 20.6% | volatile |
| 53 | Australia | 7.3% | 2025 | down 21.3% | volatile |
| 54 | Eswatini | 7.2% | 2023 | down 55.1% | volatile |
| 55 | East Timor | 7.1% | 2025 | up 113.0% | volatile |
| 56 | Belarus | 7.0% | 2021 | down 91.7% | volatile |
| 57 | Djibouti | 6.9% | 2025 | up 164.9% | volatile |
| 58 | El Salvador | 6.8% | 2025 | up 43.4% | volatile |
| 59 | Zambia | 6.6% | 2025 | down 64.8% | volatile |
| 60 | India | 6.5% | 2022 | down 33.6% | falling |
| 61 | Israel | 6.5% | 2025 | up 40.9% | volatile |
| 62 | Cambodia | 6.4% | 2025 | down 76.2% | volatile |
| 63 | Cote d'Ivoire | 6.4% | 2025 | down 61.3% | volatile |
| 64 | Honduras | 6.3% | 2025 | down 37.8% | volatile |
| 65 | United Arab Emirates | 6.3% | 2025 | down 12.8% | volatile |
| 66 | Bosnia and Herzegovina | 6.2% | 2025 | up 188.8% | volatile |
| 67 | Bahrain | 6.2% | 2015 | down 60.1% | volatile |
| 68 | Oman | 6.1% | 2018 | down 84.9% | volatile |
| 69 | Central African Republic | 6.1% | 2022 | down 62.6% | volatile |
| 70 | Malaysia | 6.1% | 2025 | down 19.3% | volatile |
| 71 | Canada | 6.1% | 2008 | up 253.8% | volatile |
| 72 | Norway | 5.9% | 2024 | down 38.3% | volatile |
| 73 | New Zealand | 5.9% | 2025 | down 46.4% | volatile |
| 74 | Qatar | 5.9% | 2025 | down 58.3% | volatile |
| 75 | Denmark | 5.8% | 2024 | up 252.7% | volatile |
| 76 | Indonesia | 5.8% | 2025 | down 27.7% | volatile |
| 77 | Guatemala | 5.8% | 2025 | down 29.7% | volatile |
| 78 | China | 5.8% | 2024 | down 39.9% | volatile |
| 79 | Madagascar | 5.7% | 2024 | down 32.1% | volatile |
| 80 | Nigeria | 5.7% | 2022 | up 15.8% | volatile |
| 81 | Angola | 5.5% | 2025 | down 44.1% | volatile |
| 82 | South Africa | 5.5% | 2025 | down 30.1% | volatile |
| 83 | South Sudan | 5.3% | 2025 | up 67.4% | volatile |
| 84 | Aruba | 5.3% | 2023 | up 26.8% | volatile |
| 85 | Mauritius | 5.2% | 2025 | down 38.4% | volatile |
| 86 | Philippines | 5.2% | 2023 | down 47.0% | volatile |
| 87 | Yemen | 5.2% | 2013 | up 18.5% | volatile |
| 88 | Albania | 5.1% | 2024 | up 457.0% | volatile |
| 89 | Nepal | 4.9% | 2025 | down 49.2% | volatile |
| 90 | Jamaica | 4.9% | 2025 | down 26.8% | volatile |
| 91 | Saint Lucia | 4.8% | 2025 | up 156.8% | volatile |
| 92 | Brazil | 4.8% | 2025 | up 18.9% | volatile |
| 93 | Libya | 4.6% | 2022 | up 2.4% | volatile |
| 94 | Guinea | 4.6% | 2025 | down 59.8% | volatile |
| 95 | Belize | 4.6% | 2025 | up 20.7% | volatile |
| 96 | Bangladesh | 4.6% | 2025 | down 54.5% | falling |
| 97 | Gabon | 4.3% | 2019 | up 282.2% | volatile |
| 98 | Saint Vincent and the Grenadines | 4.2% | 2025 | up 155.5% | volatile |
| 99 | South Korea | 4.1% | 2024 | down 37.9% | volatile |
| 100 | Cape Verde | 4.1% | 2025 | up 1,596.9% | volatile |
| 101 | Saint Kitts and Nevis | 4.1% | 2025 | up 214.9% | volatile |
| 102 | Seychelles | 3.9% | 2016 | up 875.6% | volatile |
| 103 | Uruguay | 3.9% | 2025 | down 69.0% | volatile |
| 104 | Lesotho | 3.8% | 2021 | down 50.0% | volatile |
| 105 | Gambia | 3.7% | 2024 | up 261.2% | volatile |
| 106 | Hungary | 3.6% | 2024 | up 2,720.2% | volatile |
| 107 | Costa Rica | 3.6% | 2025 | down 69.6% | volatile |
| 108 | Iraq | 3.6% | 2024 | up 291.8% | volatile |
| 109 | Trinidad and Tobago | 3.6% | 2025 | up 5.8% | volatile |
| 110 | Sri Lanka | 3.6% | 2019 | up 192.7% | volatile |
| 111 | Mexico | 3.4% | 2025 | down 65.9% | volatile |
| 112 | Switzerland | 3.4% | 2016 | down 66.2% | volatile |
| 113 | Namibia | 3.4% | 2022 | down 73.9% | volatile |
| 114 | Vanuatu | 3.3% | 2024 | down 62.0% | volatile |
| 115 | Czechia | 3.3% | 2024 | up 95.9% | volatile |
| 116 | Romania | 3.1% | 2025 | up 58.8% | volatile |
| 117 | Bolivia | 3.1% | 2025 | down 66.4% | volatile |
| 118 | Syria | 2.6% | 2011 | up 652.5% | volatile |
| 119 | Lebanon | 2.5% | 2017 | down 48.5% | volatile |
| 120 | Botswana | 2.4% | 2025 | down 67.3% | volatile |
| 121 | Panama | 2.4% | 2009 | down 88.8% | volatile |
| 122 | Solomon Islands | 2.3% | 2024 | down 66.6% | volatile |
| 123 | Papua New Guinea | 2.2% | 2020 | down 75.9% | volatile |
| 124 | Tonga | 2.1% | 2025 | down 78.0% | volatile |
| 125 | Chile | 2.0% | 2025 | down 78.7% | volatile |
| 126 | Myanmar | 2.0% | 2020 | down 81.6% | volatile |
| 127 | Algeria | 2.0% | 2025 | down 41.7% | volatile |
| 128 | Morocco | 2.0% | 2025 | up 1,427.7% | volatile |
| 129 | Japan | 2.0% | 2025 | up 105.9% | volatile |
| 130 | Tunisia | 1.9% | 2025 | down 63.7% | volatile |
| 131 | Jordan | 1.9% | 2025 | down 35.0% | volatile |
| 132 | Poland | 1.8% | 2024 | down 66.6% | volatile |
| 133 | Palestine | 1.7% | 2025 | down 81.3% | volatile |
| 134 | Barbados | 1.6% | 2023 | up 257.5% | volatile |
| 135 | Sweden | 1.5% | 2024 | down 78.8% | volatile |
| 136 | Singapore | 1.5% | 2020 | down 85.0% | volatile |
| 137 | Antigua and Barbuda | 1.4% | 2025 | up 123.1% | volatile |
| 138 | Ukraine | 1.3% | 2025 | up 188.4% | volatile |
| 139 | Brunei | 1.1% | 2025 | down 14.4% | volatile |
| 140 | Congo | 0.9% | 2023 | down 82.9% | volatile |
| 141 | Dominica | 0.8% | 2025 | up 319.9% | volatile |
| 142 | United States | 0.8% | 2025 | down 78.3% | volatile |
| 143 | Guinea-Bissau | 0.8% | 2025 | up 108.2% | volatile |
| 144 | Mozambique | 0.7% | 2025 | down 95.0% | volatile |
| 145 | Samoa | 0.7% | 2009 | down 94.8% | volatile |
| 146 | Comoros | 0.6% | 2024 | down 89.1% | volatile |
| 147 | Hong Kong | 0.6% | 2025 | up 116.5% | volatile |
| 148 | Micronesia (country) | 0.6% | 2021 | up 245.6% | volatile |
| 149 | Kuwait | 0.5% | 2025 | down 93.4% | volatile |
| 150 | Pakistan | 0.4% | 2025 | down 84.1% | volatile |
| 151 | Cameroon | 0.3% | 2019 | down 94.8% | volatile |
| 152 | Bahamas | 0.3% | 2023 | up 137.8% | volatile |
| 153 | Thailand | 0.1% | 2025 | down 98.0% | volatile |
| 154 | United Kingdom | 0.1% | 2024 | up 101.0% | volatile |
| 155 | Afghanistan | 0.0% | 2020 | down 99.9% | volatile |
| 156 | Peru | -0.0% | 2023 | down 100.0% | volatile |
| 157 | Saudi Arabia | -0.7% | 2017 | down 104.2% | volatile |
| 158 | Haiti | -1.2% | 2024 | down 123.5% | volatile |
| 159 | Niger | -1.2% | 2025 | down 118.3% | volatile |
| 160 | Mali | -1.3% | 2025 | down 106.6% | volatile |
| 161 | Togo | -1.5% | 2025 | down 108.5% | volatile |
| 162 | Burkina Faso | -2.6% | 2025 | down 138.9% | volatile |
| 163 | Azerbaijan | -3.1% | 2025 | down 123.6% | volatile |
| 164 | Macao | -3.3% | 2025 | down 132.5% | volatile |
| 165 | Sao Tome and Principe | -11.2% | 2023 | down 6,655.9% | volatile |
| 166 | Equatorial Guinea | -25.9% | 2023 | down 296.2% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 15.8%
About this data
Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.