Domestic credit to private sector (% of GDP) by country
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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...
Countries reporting
185
Highest
222.6%
Hong Kong
Lowest
3.1%
Afghanistan
Median
39.1%
Years covered
66
1960–2025
Data points
9,883
What the numbers show
Domestic credit to private sector (% of GDP) is currently reported for 185 countries. The highest value is 222.6% in Hong Kong; the lowest is 3.1% in Afghanistan.
The median across all reporting countries is 39.1%, and the mean is 51.3%.
The gap between the highest and lowest reporting country is a factor of about 72.
Over the past decade 92 countries rose and 93 fell. The largest increase was in Myanmar (up 508.0%), and the largest decrease in Kuwait (down 95.0%).
Domestic credit to private sector: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Hong Kong | 222.6% | 2025 | up 7.1% | rising |
| 2 | United States | 201.3% | 2025 | up 9.6% | rising |
| 3 | China | 194.3% | 2024 | up 41.2% | rising |
| 4 | Japan | 187.4% | 2025 | up 17.7% | rising |
| 5 | Switzerland | 167.8% | 2016 | up 13.4% | rising |
| 6 | South Korea | 160.3% | 2024 | up 27.8% | volatile |
| 7 | Denmark | 144.1% | 2024 | down 16.9% | volatile |
| 8 | New Zealand | 143.4% | 2025 | down 5.8% | falling |
| 9 | Thailand | 143.1% | 2025 | down 4.2% | rising |
| 10 | Australia | 133.8% | 2025 | down 1.5% | volatile |
| 11 | Singapore | 128.4% | 2020 | up 35.4% | rising |
| 12 | Qatar | 126.8% | 2025 | up 78.9% | volatile |
| 13 | Sweden | 125.3% | 2024 | down 3.9% | volatile |
| 14 | Vietnam | 125.0% | 2022 | up 65.4% | volatile |
| 15 | Norway | 124.4% | 2024 | down 0.3% | rising |
| 16 | Canada | 124.1% | 2008 | up 55.4% | rising |
| 17 | Cambodia | 121.5% | 2025 | up 118.9% | volatile |
| 18 | Fiji | 119.0% | 2025 | up 51.0% | rising |
| 19 | Malaysia | 117.9% | 2025 | down 4.2% | volatile |
| 20 | Macao | 117.0% | 2025 | up 7.9% | volatile |
| 21 | United Kingdom | 112.4% | 2024 | down 16.5% | volatile |
| 22 | France | 107.6% | 2024 | up 14.6% | rising |
| 23 | Lebanon | 106.6% | 2017 | up 43.8% | rising |
| 24 | Chile | 102.1% | 2025 | down 6.1% | rising |
| 25 | Panama | 100.2% | 2020 | up 22.0% | rising |
| 26 | Finland | 92.0% | 2024 | down 1.4% | rising |
| 27 | Nepal | 90.5% | 2025 | up 59.1% | volatile |
| 28 | South Africa | 89.4% | 2024 | down 30.6% | rising |
| 29 | Iceland | 89.2% | 2025 | up 3.4% | volatile |
| 30 | Luxembourg | 85.1% | 2024 | down 1.3% | rising |
| 31 | Netherlands | 82.3% | 2024 | down 28.5% | falling |
| 32 | Austria | 81.8% | 2024 | down 7.5% | falling |
| 33 | Honduras | 78.5% | 2024 | up 42.4% | rising |
| 34 | Morocco | 77.8% | 2024 | down 6.9% | flat |
| 35 | Germany | 77.3% | 2023 | down 4.3% | falling |
| 36 | Portugal | 77.1% | 2024 | down 40.5% | falling |
| 37 | Brazil | 75.1% | 2025 | up 12.4% | volatile |
| 38 | Spain | 74.2% | 2024 | down 42.6% | falling |
| 39 | Israel | 72.5% | 2025 | up 10.1% | rising |
| 40 | Bhutan | 72.3% | 2025 | up 69.9% | volatile |
| 41 | Mauritius | 72.0% | 2025 | down 27.1% | volatile |
| 42 | Jordan | 71.3% | 2025 | up 17.4% | rising |
| 43 | Bahrain | 70.6% | 2015 | up 61.5% | rising |
| 44 | Armenia | 70.5% | 2025 | up 54.6% | rising |
| 45 | Georgia | 68.4% | 2025 | up 41.9% | rising |
| 46 | Belgium | 68.1% | 2024 | up 18.3% | rising |
| 48 | Samoa | 65.5% | 2025 | down 9.2% | rising |
| 49 | United Arab Emirates | 65.5% | 2022 | down 20.1% | falling |
| 50 | Saint Kitts and Nevis | 65.0% | 2025 | up 20.7% | rising |
| 51 | El Salvador | 64.4% | 2025 | up 19.0% | rising |
| 52 | Oman | 63.2% | 2024 | up 54.2% | volatile |
| 53 | Malta | 61.7% | 2024 | down 34.7% | falling |
| 54 | Estonia | 60.5% | 2024 | down 8.6% | falling |
| 55 | Italy | 60.3% | 2024 | down 31.6% | flat |
| 56 | Barbados | 59.7% | 2023 | down 13.3% | rising |
| 57 | Slovakia | 59.7% | 2024 | up 20.5% | rising |
| 58 | Ecuador | 58.9% | 2025 | up 96.7% | rising |
| 59 | Aruba | 58.0% | 2023 | down 1.9% | rising |
| 60 | Iran | 57.8% | 2016 | up 29.1% | rising |
| 61 | Tunisia | 57.7% | 2025 | down 4.1% | rising |
| 62 | Grenada | 57.5% | 2025 | up 0.4% | rising |
| 63 | Cyprus | 56.7% | 2024 | down 77.5% | falling |
| 64 | Palestine | 56.5% | 2025 | up 73.2% | rising |
| 65 | North Macedonia | 56.3% | 2025 | up 8.2% | rising |
| 66 | Paraguay | 55.7% | 2025 | up 28.5% | volatile |
| 67 | Namibia | 55.1% | 2024 | down 16.1% | falling |
| 68 | Russia | 54.6% | 2021 | up 31.0% | rising |
| 69 | Cape Verde | 54.0% | 2025 | down 4.2% | rising |
| 70 | Eritrea | 53.2% | 2014 | up 97.6% | falling |
| 71 | Philippines | 52.1% | 2025 | up 30.6% | rising |
| 72 | Bahamas | 51.9% | 2016 | down 8.2% | rising |
| 73 | Bolivia | 51.8% | 2025 | up 0.6% | volatile |
| 74 | Saint Lucia | 51.7% | 2025 | down 27.0% | rising |
| 75 | Costa Rica | 51.0% | 2025 | down 7.4% | rising |
| 76 | Trinidad and Tobago | 50.4% | 2025 | up 54.6% | rising |
| 77 | Saudi Arabia | 50.1% | 2017 | up 35.2% | volatile |
| 78 | Greece | 48.5% | 2024 | down 58.8% | flat |
| 79 | Vanuatu | 48.5% | 2024 | down 27.0% | rising |
| 80 | Bosnia and Herzegovina | 48.1% | 2024 | down 20.2% | falling |
| 81 | Czechia | 48.0% | 2024 | down 2.2% | falling |
| 82 | Bulgaria | 47.1% | 2024 | down 20.5% | rising |
| 83 | Sri Lanka | 47.0% | 2019 | up 82.6% | rising |
| 84 | Croatia | 46.9% | 2024 | down 29.8% | falling |
| 85 | Jamaica | 45.9% | 2025 | up 61.1% | rising |
| 86 | Turkey | 45.8% | 2025 | down 31.0% | rising |
| 87 | Montenegro | 45.3% | 2024 | down 13.2% | rising |
| 88 | Mongolia | 44.9% | 2024 | down 24.3% | volatile |
| 89 | India | 44.0% | 2025 | down 15.1% | rising |
| 90 | Belize | 43.1% | 2025 | down 6.1% | rising |
| 91 | Brunei | 40.1% | 2025 | down 3.1% | rising |
| 92 | Colombia | 39.9% | 2025 | down 15.0% | rising |
| 93 | Peru | 39.6% | 2024 | down 3.1% | volatile |
| 94 | East Timor | 39.1% | 2025 | up 193.8% | rising |
| 95 | Burundi | 38.5% | 2025 | up 113.0% | volatile |
| 96 | Dominica | 38.1% | 2025 | down 19.9% | rising |
| 97 | Antigua and Barbuda | 37.4% | 2025 | down 23.1% | rising |
| 98 | Guatemala | 37.2% | 2025 | up 5.6% | rising |
| 99 | Saint Vincent and the Grenadines | 36.6% | 2025 | down 26.1% | rising |
| 100 | Maldives | 36.4% | 2025 | up 25.2% | falling |
| 101 | Indonesia | 36.3% | 2025 | down 7.2% | rising |
| 102 | Lithuania | 35.7% | 2024 | down 12.9% | falling |
| 103 | Mexico | 35.5% | 2025 | up 15.2% | rising |
| 104 | Slovenia | 35.4% | 2024 | down 35.6% | falling |
| 105 | Serbia | 35.4% | 2025 | down 9.4% | rising |
| 106 | Bangladesh | 34.5% | 2025 | down 22.3% | volatile |
| 107 | Albania | 34.1% | 2024 | down 12.6% | falling |
| 108 | Tonga | 34.1% | 2025 | up 0.2% | rising |
| 109 | Solomon Islands | 33.7% | 2024 | up 6.6% | rising |
| 110 | Poland | 33.6% | 2024 | down 36.2% | rising |
| 111 | Botswana | 33.2% | 2025 | down 7.7% | rising |
| 112 | Dominican Republic | 32.8% | 2025 | up 26.2% | rising |
| 113 | Hungary | 32.4% | 2024 | down 23.9% | falling |
| 114 | Nicaragua | 32.3% | 2024 | down 4.5% | rising |
| 115 | Kenya | 31.8% | 2023 | up 12.2% | rising |
| 116 | Uzbekistan | 31.2% | 2025 | up 242.6% | rising |
| 117 | Senegal | 30.9% | 2025 | up 13.1% | rising |
| 118 | Uruguay | 30.8% | 2025 | up 10.6% | flat |
| 119 | Moldova | 29.3% | 2024 | down 6.6% | falling |
| 120 | Latvia | 29.3% | 2024 | down 44.9% | falling |
| 121 | Belarus | 29.2% | 2021 | down 23.1% | falling |
| 122 | Myanmar | 29.0% | 2020 | up 508.0% | volatile |
| 123 | Kazakhstan | 27.7% | 2025 | down 26.6% | falling |
| 124 | Venezuela | 27.5% | 2013 | up 208.5% | falling |
| 125 | Egypt | 25.8% | 2025 | down 1.8% | rising |
| 126 | Djibouti | 25.2% | 2025 | up 16.0% | falling |
| 127 | Azerbaijan | 24.9% | 2025 | down 24.4% | falling |
| 128 | Seychelles | 24.5% | 2016 | up 14.6% | rising |
| 129 | Lesotho | 24.3% | 2024 | up 25.7% | rising |
| 130 | Ireland | 23.8% | 2024 | down 69.7% | volatile |
| 131 | Micronesia (country) | 23.4% | 2021 | up 18.9% | falling |
| 132 | Eswatini | 23.1% | 2025 | up 8.5% | rising |
| 133 | Togo | 23.0% | 2025 | down 21.2% | rising |
| 134 | Mauritania | 22.7% | 2019 | up 13.7% | rising |
| 135 | Burkina Faso | 22.7% | 2025 | down 9.3% | volatile |
| 136 | Cote d'Ivoire | 22.7% | 2025 | up 35.5% | falling |
| 137 | Kyrgyzstan | 22.3% | 2024 | up 11.2% | volatile |
| 138 | Rwanda | 22.1% | 2025 | up 4.0% | volatile |
| 139 | Romania | 22.1% | 2025 | down 26.2% | 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 | Ukraine | 18.2% | 2024 | down 75.9% | falling |
| 148 | Ethiopia | 17.7% | 2008 | up 12.3% | volatile |
| 149 | Argentina | 17.6% | 2025 | up 22.1% | falling |
| 150 | Zambia | 17.0% | 2024 | down 0.5% | falling |
| 151 | Tanzania | 16.7% | 2024 | up 25.3% | volatile |
| 152 | Madagascar | 16.5% | 2024 | up 41.2% | falling |
| 153 | Papua New Guinea | 16.3% | 2024 | down 28.0% | falling |
| 154 | Guyana | 15.6% | 2025 | down 57.2% | falling |
| 155 | Comoros | 15.3% | 2024 | up 12.4% | volatile |
| 156 | Liberia | 14.8% | 2022 | up 47.2% | volatile |
| 157 | Uganda | 14.3% | 2024 | up 10.8% | rising |
| 158 | Cameroon | 14.1% | 2019 | up 46.1% | falling |
| 159 | Iraq | 14.0% | 2024 | up 105.3% | falling |
| 160 | Congo | 13.8% | 2023 | up 55.3% | falling |
| 161 | Gabon | 13.4% | 2019 | up 32.6% | falling |
| 162 | Central African Republic | 13.0% | 2022 | up 21.0% | falling |
| 163 | Libya | 12.5% | 2025 | down 41.7% | volatile |
| 164 | Tajikistan | 12.2% | 2023 | down 34.1% | falling |
| 165 | Democratic Republic of Congo | 11.3% | 2023 | up 129.7% | volatile |
| 166 | Pakistan | 10.7% | 2025 | down 22.7% | falling |
| 167 | Guinea | 10.6% | 2025 | down 10.5% | volatile |
| 168 | Guinea-Bissau | 10.0% | 2025 | up 28.4% | volatile |
| 169 | Niger | 9.6% | 2025 | down 15.1% | rising |
| 170 | Nigeria | 9.6% | 2022 | down 9.8% | rising |
| 171 | Gambia | 9.4% | 2024 | up 6.5% | falling |
| 172 | Ghana | 8.9% | 2024 | down 45.9% | volatile |
| 173 | Chad | 8.3% | 2021 | up 135.3% | volatile |
| 174 | Malawi | 7.9% | 2024 | up 0.9% | falling |
| 175 | Sao Tome and Principe | 7.8% | 2023 | down 78.5% | volatile |
| 176 | Angola | 6.6% | 2025 | down 70.5% | falling |
| 177 | Zimbabwe | 6.5% | 2023 | down 65.4% | volatile |
| 178 | Equatorial Guinea | 5.8% | 2023 | down 15.3% | volatile |
| 179 | Sudan | 5.6% | 2022 | down 52.8% | falling |
| 180 | Yemen | 5.6% | 2013 | down 11.5% | rising |
| 181 | Sierra Leone | 5.5% | 2025 | up 64.4% | falling |
| 182 | Somalia | 5.4% | 2024 | up 131.2% | volatile |
| 183 | Kuwait | 4.9% | 2025 | down 95.0% | volatile |
| 184 | South Sudan | 3.2% | 2025 | up 40.7% | volatile |
| 185 | Haiti | 3.2% | 2025 | down 70.2% | flat |
| 186 | Afghanistan | 3.1% | 2020 | down 73.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Kosovo 65.6%
- North America 201.3%
- East Asia & Pacific (excluding high income) 177.7%
- East Asia & Pacific (IDA & IBRD countries) 177.7%
- East Asia & Pacific 175.4%
- Post-demographic dividend 158.9%
- Late-demographic dividend 156.4%
- High income 152.2%
- OECD members 147.2%
- World 140.3%
- Upper middle income 139.0%
- Middle income 122.2%
About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.