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Finance

Credit to the private sector

The volume of bank lending to businesses and households as a percent of GDP.

Unit: % of GDP Period: 1960–2025 Source: World Economic Outlook (IMF)
Source: IMF · About the indicator
Average: 51.41% Countries: 186

The ranking uses the latest available value for each country — the year is shown in the row. The table spans 2008 to 2025.

Credit to the private sector, 2008–2025

Top-20 · % of GDP

Credit to the private sector, 2008–20250100200300Hong KongHong Kong: 222.65%222.65United StatesUnited States: 201.27%201.27ChinaChina: 194.31%194.31JapanJapan: 187.41%187.41SwitzerlandSwitzerland: 167.77%167.77South KoreaSouth Korea: 160.35%160.35DenmarkDenmark: 144.06%144.06New ZealandNew Zealand: 143.38%143.38ThailandThailand: 143.08%143.08AustraliaAustralia: 133.79%133.79SingaporeSingapore: 128.43%128.43QatarQatar: 126.75%126.75SwedenSweden: 125.29%125.29VietnamVietnam: 124.96%124.96NorwayNorway: 124.39%124.39CanadaCanada: 124.1%124.1CambodiaCambodia: 121.48%121.48FijiFiji: 118.96%118.96MalaysiaMalaysia: 117.94%117.94MacaoMacao: 117.04%117.04
Credit to the private sector — 2008–2025 Current breakdown Full series CSV XLSX JSON
# Year Subregion World rank
1 HK Hong Kong 222.65 2025 1
2 US United States 201.27 2025 2
3 CN China 194.31 2024 3
4 JP Japan 187.41 2025 4
5 CH Switzerland 167.77 2016 5
6 KR South Korea 160.35 2024 6
7 DK Denmark 144.06 2024 7
8 NZ New Zealand 143.38 2025 8
9 TH Thailand 143.08 2025 9
10 AU Australia 133.79 2025 10
11 SG Singapore 128.43 2020 11
12 QA Qatar 126.75 2025 12
13 SE Sweden 125.29 2024 13
14 VN Vietnam 124.96 2022 14
15 NO Norway 124.39 2024 15
16 CA Canada 124.1 2008 16
17 KH Cambodia 121.48 2025 17
18 FJ Fiji 118.96 2025 18
19 MY Malaysia 117.94 2025 19
20 MO Macao 117.04 2025 20
21 GB United Kingdom 112.37 2024 21
22 FR France 107.58 2024 22
23 LB Lebanon 106.57 2017 23
24 CL Chile 102.08 2025 24
25 PA Panama 100.15 2020 25
26 FI Finland 92.02 2024 26
27 NP Nepal 90.54 2025 27
28 ZA South Africa 89.45 2024 28
29 IS Iceland 89.24 2025 29
30 LU Luxembourg 85.14 2024 30
31 NL Netherlands 82.33 2024 31
32 AT Austria 81.77 2024 32
33 HN Honduras 78.46 2024 33
34 MA Morocco 77.76 2024 34
35 DE Germany 77.25 2023 35
36 PT Portugal 77.12 2024 36
37 BR Brazil 75.1 2025 37
38 ES Spain 74.22 2024 38
39 IL Israel 72.47 2025 39
40 BT Bhutan 72.26 2025 40
41 MU Mauritius 72.03 2025 41
42 JO Jordan 71.31 2025 42
43 BH Bahrain 70.55 2015 43
44 AM Armenia 70.54 2025 44
45 GE Georgia 68.42 2025 45
46 BE Belgium 68.14 2024 46
47 XK Kosovo 65.62 2025 47
48 WS Samoa 65.48 2025 48
49 AE United Arab Emirates 65.46 2022 49
50 KN Saint Kitts and Nevis 65.03 2025 50
51 SV El Salvador 64.37 2025 51
52 OM Oman 63.21 2024 52
53 MT Malta 61.74 2024 53
54 EE Estonia 60.54 2024 54
55 IT Italy 60.3 2024 55
56 BB Barbados 59.73 2023 56
57 SK Slovakia 59.65 2024 57
58 EC Ecuador 58.87 2025 58
59 AW Aruba 58.05 2023 59
60 IR Iran 57.83 2016 60
61 TN Tunisia 57.69 2025 61
62 GD Grenada 57.54 2025 62
63 CY Cyprus 56.66 2024 63
64 PS Palestine 56.45 2025 64
65 MK North Macedonia 56.31 2025 65
66 PY Paraguay 55.7 2025 66
67 NA Namibia 55.06 2024 67
68 RU Russia 54.64 2021 68
69 CV Cabo Verde 54.04 2025 69
70 ER Eritrea 53.24 2014 70
71 PH Philippines 52.11 2025 71
72 BS Bahamas 51.94 2016 72
73 BO Bolivia 51.75 2025 73
74 LC Saint Lucia 51.74 2025 74
75 CR Costa Rica 51.03 2025 75
76 TT Trinidad and Tobago 50.36 2025 76
77 SA Saudi Arabia 50.14 2017 77
78 GR Greece 48.54 2024 78
79 VU Vanuatu 48.52 2024 79
80 BA Bosnia and Herzegovina 48.07 2024 80
81 CZ Czechia 48.02 2024 81
82 BG Bulgaria 47.07 2024 82
83 LK Sri Lanka 47.01 2019 83
84 HR Croatia 46.86 2024 84
85 JM Jamaica 45.88 2025 85
86 TR Türkiye 45.78 2025 86
87 ME Montenegro 45.27 2024 87
88 MN Mongolia 44.91 2024 88
89 IN India 44.03 2025 89
90 BZ Belize 43.11 2025 90
91 BN Brunei Darussalam 40.15 2025 91
92 CO Colombia 39.86 2025 92
93 PE Peru 39.62 2024 93
94 TL Timor-Leste 39.15 2025 94
95 BI Burundi 38.54 2025 95
96 DM Dominica 38.09 2025 96
97 AG Antigua and Barbuda 37.42 2025 97
98 GT Guatemala 37.23 2025 98
99 VC Saint Vincent and the Grenadines 36.57 2025 99
100 MV Maldives 36.43 2025 100
101 ID Indonesia 36.28 2025 101
102 LT Lithuania 35.7 2024 102
103 MX Mexico 35.5 2025 103
104 SI Slovenia 35.42 2024 104
105 RS Serbia 35.36 2025 105
106 BD Bangladesh 34.5 2025 106
107 AL Albania 34.13 2024 107
108 TO Tonga 34.11 2025 108
109 SB Solomon Islands 33.69 2024 109
110 PL Poland 33.59 2024 110
111 BW Botswana 33.23 2025 111
112 DO Dominican Republic 32.85 2025 112
113 HU Hungary 32.37 2024 113
114 NI Nicaragua 32.33 2024 114
115 KE Kenya 31.8 2023 115
116 UZ Uzbekistan 31.21 2025 116
117 SN Senegal 30.88 2025 117
118 UY Uruguay 30.76 2025 118
119 MD Moldova 29.33 2024 119
120 LV Latvia 29.33 2024 120
121 BY Belarus 29.17 2021 121
122 MM Myanmar 28.98 2020 122
123 KZ Kazakhstan 27.71 2025 123
124 VE Venezuela 27.47 2013 124
125 EG Egypt 25.84 2025 125
126 DJ Djibouti 25.16 2025 126
127 AZ Azerbaijan 24.86 2025 127
128 SC Seychelles 24.52 2016 128
129 LS Lesotho 24.3 2024 129
130 IE Ireland 23.78 2024 130
131 FM Micronesia 23.43 2021 131
132 SZ Eswatini 23.08 2025 132
133 TG Togo 23 2025 133
134 MR Mauritania 22.72 2019 134
135 BF Burkina Faso 22.72 2025 135
136 CI Côte d'Ivoire 22.68 2025 136
137 KG Kyrgyzstan 22.29 2024 137
138 RW Rwanda 22.09 2025 138
139 RO Romania 22.07 2025 139
140 LA Laos 20.92 2010 140
141 SY Syria 20.74 2011 141
142 ML Mali 20.41 2025 142
143 SR Suriname 20.27 2025 143
144 BJ Benin 19.77 2025 144
145 DZ Algeria 19.59 2025 145
146 MZ Mozambique 18.27 2025 146
147 UA Ukraine 18.16 2024 147
148 ET Ethiopia 17.71 2008 148
149 AR Argentina 17.6 2025 149
150 ZM Zambia 17.01 2024 150
151 TZ Tanzania 16.67 2024 151
152 MG Madagascar 16.48 2024 152
153 PG Papua New Guinea 16.29 2024 153
154 GY Guyana 15.61 2025 154
155 KM Comoros 15.32 2024 155
156 LR Liberia 14.79 2022 156
157 UG Uganda 14.3 2024 157
158 CM Cameroon 14.09 2019 158
159 IQ Iraq 13.99 2024 159
160 CG Republic of the Congo 13.79 2023 160
161 GA Gabon 13.38 2019 161
162 CF Central African Republic 13.04 2022 162
163 LY Libya 12.54 2025 163
164 TJ Tajikistan 12.22 2023 164
165 CD Democratic Republic of the Congo 11.29 2023 165
166 PK Pakistan 10.73 2025 166
167 GN Guinea 10.57 2025 167
168 GW Guinea-Bissau 9.99 2025 168
169 NE Niger 9.57 2025 169
170 NG Nigeria 9.56 2022 170
171 GM Gambia 9.4 2024 171
172 GH Ghana 8.92 2024 172
173 TD Chad 8.32 2021 173
174 MW Malawi 7.91 2024 174
175 ST Sao Tome and Principe 7.82 2023 175
176 AO Angola 6.58 2025 176
177 ZW Zimbabwe 6.48 2023 177
178 GQ Equatorial Guinea 5.81 2023 178
179 SD Sudan 5.64 2022 179
180 YE Yemen 5.64 2013 180
181 SL Sierra Leone 5.5 2025 181
182 SO Somalia 5.43 2024 182
183 KW Kuwait 4.92 2025 183
184 SS South Sudan 3.24 2025 184
185 HT Haiti 3.21 2025 185
186 AF Afghanistan 3.1 2020 186
Nothing found. Check the spelling of the name.
Maximum 222.65%
Median 39.38%
Minimum 3.1%
World 140.32%

About the indicator

Domestic credit to the private sector by financial institutions as a percent of GDP: loans, purchases of non-equity securities, trade credit and other accounts receivable. An indicator of financial development, but of potential risk as well: growth that is too fast relative to GDP is one of the most reliable precursors of banking crises.

Updates
twice a year: April and October
Unit of measurement
% of GDP
Observation period
1960–2025
License
IMF open data
Dataset
World Economic Outlook

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