Of the economies in the World Bank's latest release, Micronesia, Fed. Sts. has the highest claims on central government (annual growth as % of broad money) (156.41% in 2021) and Libya the lowest (-23.65% in 2022).
What this measures
Claims on central government include loans to central government institutions net of deposits. 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.
Limitations: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period.
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Micronesia, Fed. Sts. | 156.41% | 2021 |
| 2 | Zimbabwe | 92.29% | 2023 |
| 3 | South Sudan | 91.98% | 2025 |
| 4 | Grenada | 68.26% | 2025 |
| 5 | Malawi | 49.15% | 2024 |
| 6 | Argentina | 36.7% | 2025 |
| 7 | Equatorial Guinea | 25.29% | 2023 |
| 8 | Guinea | 22.19% | 2025 |
| 9 | Sudan | 21.19% | 2021 |
| 10 | Sierra Leone | 19.45% | 2025 |
| 11 | Chad | 17.46% | 2021 |
| 12 | Angola | 17.07% | 2025 |
| 13 | Suriname | 16.29% | 2025 |
| 14 | Guyana | 16.21% | 2025 |
| 15 | Bolivia | 14.71% | 2025 |
| 16 | Pakistan | 13.83% | 2025 |
| 17 | St. Kitts and Nevis | 12.18% | 2025 |
| 18 | Algeria | 11.22% | 2025 |
| 19 | Papua New Guinea | 10.99% | 2020 |
| 20 | Saudi Arabia | 10.62% | 2017 |
| 21 | Congo, Rep. | 9.92% | 2023 |
| 22 | Myanmar | 9.47% | 2020 |
| 23 | Iraq | 9.2% | 2024 |
| 24 | Rwanda | 8.72% | 2025 |
| 25 | Maldives | 8.59% | 2025 |
| 26 | Egypt, Arab Rep. | 8.59% | 2025 |
| 27 | Azerbaijan | 8.4% | 2025 |
| 28 | Brazil | 8.09% | 2025 |
| 29 | Tunisia | 7.95% | 2025 |
| 30 | Qatar | 7.35% | 2025 |
| 31 | Central African Republic | 7.32% | 2022 |
| 32 | Nepal | 7.06% | 2025 |
| 33 | Botswana | 6.78% | 2025 |
| 34 | Togo | 6.75% | 2025 |
| 35 | Mali | 6.7% | 2025 |
| 36 | Sri Lanka | 6.67% | 2019 |
| 37 | Burkina Faso | 6.66% | 2025 |
| 38 | Burundi | 6.45% | 2025 |
| 39 | Türkiye | 6.4% | 2025 |
| 40 | Kuwait | 6.39% | 2025 |
| 41 | Madagascar | 6.1% | 2024 |
| 42 | Trinidad and Tobago | 5.83% | 2025 |
| 43 | Bangladesh | 5.69% | 2025 |
| 44 | Iran, Islamic Rep. | 5.66% | 2016 |
| 45 | Senegal | 5.56% | 2025 |
| 46 | Cameroon | 5.42% | 2019 |
| 47 | Gambia, The | 5.42% | 2024 |
| 48 | Kenya | 5.27% | 2025 |
| 49 | North Macedonia | 5.27% | 2025 |
| 50 | Belarus | 5.17% | 2021 |
| 51 | Mozambique | 5.09% | 2025 |
| 52 | Hungary | 4.83% | 2024 |
| 53 | Bahrain | 4.77% | 2015 |
| 54 | Guatemala | 4.49% | 2025 |
| 55 | Peru | 4.48% | 2023 |
| 56 | Niger | 4.38% | 2025 |
| 57 | Belize | 4.34% | 2025 |
| 58 | São Tomé and Principe | 4.29% | 2023 |
| 59 | Gabon | 4.18% | 2019 |
| 60 | Mexico | 3.96% | 2025 |
| 61 | Congo, Dem. Rep. | 3.7% | 2023 |
| 62 | Comoros | 3.53% | 2024 |
| 63 | Bahamas, The | 3.53% | 2023 |
| 64 | Czechia | 3.46% | 2024 |
| 65 | Norway | 3.41% | 2025 |
| 66 | Philippines | 3.41% | 2023 |
| 67 | China | 3.38% | 2024 |
| 68 | Thailand | 3.29% | 2025 |
| 69 | Serbia | 3.23% | 2025 |
| 70 | Colombia | 3.07% | 2025 |
| 71 | Indonesia | 3.06% | 2025 |
| 72 | South Africa | 3% | 2025 |
| 73 | Benin | 2.96% | 2025 |
| 74 | Zambia | 2.96% | 2025 |
| 75 | Côte d'Ivoire | 2.93% | 2025 |
| 76 | Bulgaria | 2.86% | 2024 |
| 77 | Romania | 2.65% | 2025 |
| 78 | Singapore | 2.49% | 2020 |
| 79 | West Bank and Gaza | 2.48% | 2025 |
| 80 | Mauritius | 2.44% | 2025 |
| 81 | India | 2.25% | 2022 |
| 82 | Vanuatu | 2.17% | 2024 |
| 83 | Bosnia and Herzegovina | 2.17% | 2025 |
| 84 | Israel | 2.17% | 2025 |
| 85 | Chile | 2.05% | 2025 |
| 86 | Poland | 1.94% | 2024 |
| 87 | United States | 1.64% | 2025 |
| 88 | Nigeria | 1.6% | 2023 |
| 89 | Paraguay | 1.44% | 2025 |
| 90 | Jordan | 1.28% | 2025 |
| 91 | Solomon Islands | 1.24% | 2025 |
| 92 | Albania | 1.17% | 2025 |
| 93 | Georgia | 1.17% | 2025 |
| 94 | Korea, Rep. | 1.03% | 2024 |
| 95 | Morocco | 0.87% | 2025 |
| 96 | Uruguay | 0.79% | 2025 |
| 97 | Honduras | 0.77% | 2025 |
| 98 | Hong Kong SAR, China | 0.39% | 2025 |
| 99 | Tanzania | 0.24% | 2024 |
| 100 | Tajikistan | 0.19% | 2023 |
| 101 | Ghana | 0.15% | 2025 |
| 102 | Moldova | 0.13% | 2025 |
| 103 | United Arab Emirates | 0.06% | 2025 |
| 104 | Barbados | 0.03% | 2023 |
| 105 | Namibia | 0.02% | 2022 |
| 106 | Malaysia | -0.03% | 2025 |
| 107 | Seychelles | -0.04% | 2025 |
| 108 | New Zealand | -0.06% | 2025 |
| 109 | Cambodia | -0.1% | 2025 |
| 110 | Ecuador | -0.1% | 2025 |
| 111 | Brunei Darussalam | -0.12% | 2025 |
| 112 | Australia | -0.29% | 2025 |
| 113 | Armenia | -0.32% | 2025 |
| 114 | St. Lucia | -0.37% | 2025 |
| 115 | Bhutan | -0.41% | 2025 |
| 116 | Dominican Republic | -0.43% | 2025 |
| 117 | Dominica | -0.59% | 2025 |
| 118 | Haiti | -0.63% | 2024 |
| 119 | Djibouti | -0.71% | 2025 |
| 120 | Switzerland | -0.75% | 2017 |
| 121 | Antigua and Barbuda | -0.83% | 2025 |
| 122 | St. Vincent and the Grenadines | -0.85% | 2025 |
| 123 | Sweden | -0.91% | 2024 |
| 124 | Afghanistan | -1.06% | 2020 |
| 125 | Aruba | -1.21% | 2023 |
| 126 | Kosovo | -1.23% | 2024 |
| 127 | United Kingdom | -1.3% | 2024 |
| 128 | El Salvador | -1.66% | 2025 |
| 129 | Russian Federation | -1.84% | 2021 |
| 130 | Viet Nam | -1.89% | 2022 |
| 131 | Jamaica | -1.99% | 2025 |
| 132 | Iceland | -2.27% | 2025 |
| 133 | Uganda | -2.32% | 2025 |
| 134 | Cabo Verde | -2.63% | 2025 |
| 135 | Oman | -2.82% | 2018 |
| 136 | Denmark | -2.83% | 2024 |
| 137 | Costa Rica | -2.86% | 2025 |
| 138 | Kyrgyz Republic | -3.26% | 2023 |
| 139 | Fiji | -3.31% | 2024 |
| 140 | Kazakhstan | -3.41% | 2025 |
| 141 | Japan | -3.42% | 2025 |
| 142 | Lesotho | -3.5% | 2021 |
| 143 | Guinea-Bissau | -3.68% | 2025 |
| 144 | Tonga | -3.81% | 2025 |
| 145 | Eswatini | -4.57% | 2023 |
| 146 | Macao SAR, China | -5.24% | 2025 |
| 147 | Uzbekistan | -5.27% | 2025 |
| 148 | Ukraine | -6.59% | 2025 |
| 149 | Mauritania | -6.97% | 2019 |
| 150 | Samoa | -7.3% | 2025 |
| 151 | Mongolia | -7.73% | 2024 |
| 152 | Liberia | -8.93% | 2024 |
| 153 | Montenegro | -10.66% | 2024 |
| 154 | Nicaragua | -12.62% | 2023 |
| 155 | Timor-Leste | -13.74% | 2025 |
| 156 | Lebanon | -21.28% | 2018 |
| 157 | Libya | -23.65% | 2022 |
More financial sector indicators
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- Market capitalization of listed domestic companies (current US$)
- Market capitalization of listed domestic companies (% of GDP)
- Listed domestic companies, total
- Stocks traded, total value (current US$)
- Stocks traded, total value (% of GDP)
- Stocks traded, turnover ratio of domestic shares (%)
- Bank nonperforming loans to total gross loans (%)
- Automated teller machines (ATMs) (per 100,000 adults)
- Bank capital to assets ratio (%)
- Commercial bank branches (per 100,000 adults)
- Borrowers from commercial banks (per 1,000 adults)
Reading data like this
Source
World Bank, World Development Indicators, FM.AST.CGOV.ZG.M3, CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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