Of the economies in the World Bank's latest release, Zimbabwe has the highest claims on private sector (annual growth as % of broad money) (421.69% in 2023) and Equatorial Guinea the lowest (-25.95% in 2023).
What this measures
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.
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 | Zimbabwe | 421.69% | 2023 |
| 2 | Grenada | 62.71% | 2025 |
| 3 | Sudan | 43.61% | 2021 |
| 4 | Argentina | 37.58% | 2025 |
| 5 | Türkiye | 37.16% | 2025 |
| 6 | Uzbekistan | 34.05% | 2025 |
| 7 | Nigeria | 29.22% | 2023 |
| 8 | Congo, Dem. Rep. | 26.85% | 2023 |
| 9 | Armenia | 24.02% | 2025 |
| 10 | Mongolia | 23.98% | 2024 |
| 11 | Burundi | 20.15% | 2025 |
| 12 | Iran, Islamic Rep. | 20.07% | 2016 |
| 13 | Rwanda | 17.66% | 2025 |
| 14 | Georgia | 17.63% | 2025 |
| 15 | Kosovo | 15.85% | 2024 |
| 16 | Tajikistan | 14.55% | 2023 |
| 17 | Kazakhstan | 14.05% | 2025 |
| 18 | Bhutan | 13.7% | 2025 |
| 19 | Russian Federation | 12.58% | 2021 |
| 20 | Moldova | 12.54% | 2025 |
| 21 | Kyrgyz Republic | 12.11% | 2023 |
| 22 | Nicaragua | 12.04% | 2023 |
| 23 | Chad | 11.95% | 2021 |
| 24 | Viet Nam | 11.89% | 2022 |
| 25 | Montenegro | 11.76% | 2024 |
| 26 | North Macedonia | 10.97% | 2025 |
| 27 | Suriname | 10.1% | 2025 |
| 28 | Ecuador | 9.85% | 2025 |
| 29 | Benin | 9.72% | 2025 |
| 30 | Malawi | 9.6% | 2024 |
| 31 | Sierra Leone | 9.56% | 2025 |
| 32 | Serbia | 9.56% | 2025 |
| 33 | Mauritania | 9.42% | 2019 |
| 34 | Fiji | 9.39% | 2024 |
| 35 | Colombia | 9.02% | 2025 |
| 36 | Norway | 8.45% | 2025 |
| 37 | Senegal | 8.19% | 2025 |
| 38 | Bulgaria | 8.17% | 2024 |
| 39 | Paraguay | 8.05% | 2025 |
| 40 | Guyana | 8% | 2025 |
| 41 | Tanzania | 7.86% | 2024 |
| 42 | Dominican Republic | 7.74% | 2025 |
| 43 | Maldives | 7.65% | 2025 |
| 44 | Uganda | 7.39% | 2025 |
| 45 | Egypt, Arab Rep. | 7.34% | 2025 |
| 46 | Australia | 7.27% | 2025 |
| 47 | Eswatini | 7.24% | 2023 |
| 48 | Iceland | 7.23% | 2025 |
| 49 | Timor-Leste | 7.14% | 2025 |
| 50 | Belarus | 6.98% | 2021 |
| 51 | Djibouti | 6.93% | 2025 |
| 52 | El Salvador | 6.82% | 2025 |
| 53 | Zambia | 6.59% | 2025 |
| 54 | India | 6.54% | 2022 |
| 55 | Israel | 6.49% | 2025 |
| 56 | Côte d'Ivoire | 6.42% | 2025 |
| 57 | Honduras | 6.29% | 2025 |
| 58 | United Arab Emirates | 6.28% | 2025 |
| 59 | Bosnia and Herzegovina | 6.25% | 2025 |
| 60 | Bahrain | 6.23% | 2015 |
| 61 | Oman | 6.13% | 2018 |
| 62 | Albania | 6.12% | 2025 |
| 63 | Central African Republic | 6.12% | 2022 |
| 64 | Malaysia | 6.1% | 2025 |
| 65 | New Zealand | 5.89% | 2025 |
| 66 | Qatar | 5.87% | 2025 |
| 67 | Denmark | 5.81% | 2024 |
| 68 | Indonesia | 5.77% | 2025 |
| 69 | Guatemala | 5.76% | 2025 |
| 70 | China | 5.76% | 2024 |
| 71 | Madagascar | 5.72% | 2024 |
| 72 | Cambodia | 5.72% | 2025 |
| 73 | Kenya | 5.61% | 2025 |
| 74 | Angola | 5.49% | 2025 |
| 75 | South Africa | 5.49% | 2025 |
| 76 | South Sudan | 5.33% | 2025 |
| 77 | Aruba | 5.25% | 2023 |
| 78 | Mauritius | 5.23% | 2025 |
| 79 | Philippines | 5.18% | 2023 |
| 80 | Nepal | 4.93% | 2025 |
| 81 | St. Lucia | 4.81% | 2025 |
| 82 | Brazil | 4.8% | 2025 |
| 83 | Jamaica | 4.79% | 2025 |
| 84 | Libya | 4.65% | 2022 |
| 85 | Guinea | 4.64% | 2025 |
| 86 | Belize | 4.59% | 2025 |
| 87 | Bangladesh | 4.56% | 2025 |
| 88 | Gabon | 4.33% | 2019 |
| 89 | St. Vincent and the Grenadines | 4.2% | 2025 |
| 90 | Korea, Rep. | 4.13% | 2024 |
| 91 | Cabo Verde | 4.11% | 2025 |
| 92 | St. Kitts and Nevis | 4.08% | 2025 |
| 93 | Seychelles | 3.93% | 2016 |
| 94 | Uruguay | 3.87% | 2025 |
| 95 | Lesotho | 3.82% | 2021 |
| 96 | Gambia, The | 3.66% | 2024 |
| 97 | Hungary | 3.64% | 2024 |
| 98 | Costa Rica | 3.6% | 2025 |
| 99 | Iraq | 3.57% | 2024 |
| 100 | Trinidad and Tobago | 3.56% | 2025 |
| 101 | Sri Lanka | 3.55% | 2019 |
| 102 | Mexico | 3.39% | 2025 |
| 103 | Namibia | 3.35% | 2022 |
| 104 | Vanuatu | 3.31% | 2024 |
| 105 | Czechia | 3.28% | 2024 |
| 106 | Romania | 3.12% | 2025 |
| 107 | Bolivia | 3.07% | 2025 |
| 108 | Lebanon | 2.5% | 2017 |
| 109 | Botswana | 2.39% | 2025 |
| 110 | Ghana | 2.25% | 2025 |
| 111 | Papua New Guinea | 2.18% | 2020 |
| 112 | Tonga | 2.14% | 2025 |
| 113 | Switzerland | 2.11% | 2017 |
| 114 | Chile | 2.05% | 2025 |
| 115 | Myanmar | 2.02% | 2020 |
| 116 | Algeria | 1.99% | 2025 |
| 117 | Morocco | 1.99% | 2025 |
| 118 | Tunisia | 1.93% | 2025 |
| 119 | Jordan | 1.91% | 2025 |
| 120 | Poland | 1.84% | 2024 |
| 121 | West Bank and Gaza | 1.71% | 2025 |
| 122 | Barbados | 1.57% | 2023 |
| 123 | Japan | 1.57% | 2025 |
| 124 | Sweden | 1.51% | 2024 |
| 125 | Singapore | 1.48% | 2020 |
| 126 | Antigua and Barbuda | 1.42% | 2025 |
| 127 | Ukraine | 1.32% | 2025 |
| 128 | Solomon Islands | 1.12% | 2025 |
| 129 | Brunei Darussalam | 1.08% | 2025 |
| 130 | Congo, Rep. | 0.91% | 2023 |
| 131 | Dominica | 0.83% | 2025 |
| 132 | United States | 0.79% | 2025 |
| 133 | Guinea-Bissau | 0.76% | 2025 |
| 134 | Mozambique | 0.68% | 2025 |
| 135 | Comoros | 0.62% | 2024 |
| 136 | Hong Kong SAR, China | 0.57% | 2025 |
| 137 | Micronesia, Fed. Sts. | 0.56% | 2021 |
| 138 | Kuwait | 0.52% | 2025 |
| 139 | Samoa | 0.51% | 2025 |
| 140 | Pakistan | 0.36% | 2025 |
| 141 | Cameroon | 0.32% | 2019 |
| 142 | Bahamas, The | 0.3% | 2023 |
| 143 | Thailand | 0.11% | 2025 |
| 144 | United Kingdom | 0.06% | 2024 |
| 145 | Afghanistan | 0.01% | 2020 |
| 146 | Peru | -0.000919% | 2023 |
| 147 | Saudi Arabia | -0.65% | 2017 |
| 148 | Haiti | -1.16% | 2024 |
| 149 | Niger | -1.25% | 2025 |
| 150 | Mali | -1.29% | 2025 |
| 151 | Togo | -1.51% | 2025 |
| 152 | Liberia | -1.95% | 2024 |
| 153 | Burkina Faso | -2.62% | 2025 |
| 154 | Azerbaijan | -3.14% | 2025 |
| 155 | Macao SAR, China | -3.33% | 2025 |
| 156 | São Tomé and Principe | -11.16% | 2023 |
| 157 | Equatorial Guinea | -25.95% | 2023 |
More financial sector indicators
- S&P Global Equity Indices (annual % change)
- 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.PRVT.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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