Of the economies in the World Bank's latest release, Hong Kong SAR, China has the highest domestic credit to private sector (% of GDP) (222.65% in 2025) and Afghanistan the lowest (3.1% in 2020). The world figure is 140.25% (2024).
What this measures
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.
Limitations: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.
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 | Hong Kong SAR, China | 222.65% | 2025 |
| 2 | United States | 201.27% | 2025 |
| 3 | China | 194.31% | 2024 |
| 4 | Japan | 188.73% | 2025 |
| 5 | Korea, Rep. | 160.35% | 2024 |
| 6 | Switzerland | 152.59% | 2025 |
| 7 | Denmark | 144.06% | 2024 |
| 8 | New Zealand | 143.38% | 2025 |
| 9 | Thailand | 143.08% | 2025 |
| 10 | Australia | 133.79% | 2025 |
| 11 | Singapore | 128.43% | 2020 |
| 12 | Qatar | 126.76% | 2025 |
| 13 | Sweden | 125.29% | 2024 |
| 14 | Viet Nam | 124.96% | 2022 |
| 15 | Norway | 124.39% | 2024 |
| 16 | Cambodia | 120.68% | 2025 |
| 17 | Fiji | 118.96% | 2025 |
| 18 | Malaysia | 117.94% | 2025 |
| 19 | Macao SAR, China | 117.05% | 2025 |
| 20 | United Kingdom | 112.37% | 2024 |
| 21 | France | 107.58% | 2024 |
| 22 | Lebanon | 106.57% | 2017 |
| 23 | Chile | 102.08% | 2025 |
| 24 | Finland | 92.02% | 2024 |
| 25 | Nepal | 90.54% | 2025 |
| 26 | South Africa | 89.45% | 2024 |
| 27 | Iceland | 88.65% | 2025 |
| 28 | Luxembourg | 85.14% | 2024 |
| 29 | Netherlands | 82.4% | 2024 |
| 30 | Austria | 81.77% | 2024 |
| 31 | Morocco | 79.25% | 2025 |
| 32 | Honduras | 78.46% | 2024 |
| 33 | Germany | 77.25% | 2023 |
| 34 | Portugal | 77.12% | 2024 |
| 35 | Panama | 75.47% | 2025 |
| 36 | Brazil | 75.1% | 2025 |
| 37 | Spain | 74.22% | 2024 |
| 38 | Israel | 72.47% | 2025 |
| 39 | Mauritius | 72.03% | 2025 |
| 40 | Bhutan | 71.64% | 2025 |
| 41 | Jordan | 71.31% | 2025 |
| 42 | Bahrain | 70.55% | 2015 |
| 43 | Armenia | 70.54% | 2025 |
| 44 | Georgia | 69.13% | 2025 |
| 45 | Belgium | 68.14% | 2024 |
| 46 | Kosovo | 65.62% | 2025 |
| 47 | Samoa | 65.48% | 2025 |
| 48 | St. Kitts and Nevis | 65.03% | 2025 |
| 49 | El Salvador | 64.37% | 2025 |
| 50 | Oman | 63.21% | 2024 |
| 51 | Malta | 61.74% | 2024 |
| 52 | Estonia | 60.54% | 2024 |
| 53 | Italy | 60.3% | 2024 |
| 54 | Barbados | 59.73% | 2023 |
| 55 | Slovak Republic | 59.65% | 2024 |
| 56 | Ecuador | 58.87% | 2025 |
| 57 | Aruba | 58.05% | 2023 |
| 58 | Iran, Islamic Rep. | 57.83% | 2016 |
| 59 | Tunisia | 57.69% | 2025 |
| 60 | Grenada | 57.54% | 2025 |
| 61 | Cyprus | 56.66% | 2024 |
| 62 | West Bank and Gaza | 56.45% | 2025 |
| 63 | North Macedonia | 56.34% | 2025 |
| 64 | Paraguay | 55.7% | 2025 |
| 65 | Namibia | 55.06% | 2024 |
| 66 | Russian Federation | 54.64% | 2021 |
| 67 | Cabo Verde | 54.04% | 2025 |
| 68 | Philippines | 52.13% | 2025 |
| 69 | Bahamas, The | 51.94% | 2016 |
| 70 | Bolivia | 51.75% | 2025 |
| 71 | St. Lucia | 51.74% | 2025 |
| 72 | Costa Rica | 51.03% | 2025 |
| 73 | Bosnia and Herzegovina | 50.51% | 2025 |
| 74 | Trinidad and Tobago | 50.36% | 2025 |
| 75 | Saudi Arabia | 50.14% | 2017 |
| 76 | Greece | 48.54% | 2024 |
| 77 | Vanuatu | 48.52% | 2024 |
| 78 | Czechia | 48.02% | 2024 |
| 79 | Bulgaria | 47.07% | 2024 |
| 80 | Sri Lanka | 47.01% | 2019 |
| 81 | Croatia | 46.86% | 2024 |
| 82 | Jamaica | 45.82% | 2025 |
| 83 | Türkiye | 45.78% | 2025 |
| 84 | Montenegro | 45.27% | 2024 |
| 85 | Mongolia | 44.91% | 2024 |
| 86 | India | 44.03% | 2025 |
| 87 | Belize | 43.11% | 2025 |
| 88 | Brunei Darussalam | 40.15% | 2025 |
| 89 | Colombia | 39.86% | 2025 |
| 90 | Peru | 39.62% | 2024 |
| 91 | Timor-Leste | 39.15% | 2025 |
| 92 | Burundi | 38.54% | 2025 |
| 93 | Dominica | 38.09% | 2025 |
| 94 | Antigua and Barbuda | 37.42% | 2025 |
| 95 | Guatemala | 37.23% | 2025 |
| 96 | St. Vincent and the Grenadines | 36.57% | 2025 |
| 97 | Maldives | 36.44% | 2025 |
| 98 | Albania | 36.4% | 2025 |
| 99 | Indonesia | 36.28% | 2025 |
| 100 | Lithuania | 35.7% | 2024 |
| 101 | Mexico | 35.5% | 2025 |
| 102 | Slovenia | 35.42% | 2024 |
| 103 | Serbia | 35.36% | 2025 |
| 104 | Bangladesh | 34.5% | 2025 |
| 105 | Tonga | 34.11% | 2025 |
| 106 | Moldova | 33.59% | 2025 |
| 107 | Poland | 33.59% | 2024 |
| 108 | Botswana | 33.23% | 2025 |
| 109 | Dominican Republic | 32.85% | 2025 |
| 110 | Hungary | 32.37% | 2024 |
| 111 | Nicaragua | 32.33% | 2024 |
| 112 | Solomon Islands | 31.52% | 2025 |
| 113 | Uzbekistan | 31.21% | 2025 |
| 114 | Senegal | 30.88% | 2025 |
| 115 | Uruguay | 30.76% | 2025 |
| 116 | Kenya | 29.36% | 2025 |
| 117 | Latvia | 29.33% | 2024 |
| 118 | Belarus | 29.17% | 2021 |
| 119 | Myanmar | 28.98% | 2020 |
| 120 | Kazakhstan | 27.71% | 2025 |
| 121 | Egypt, Arab Rep. | 25.84% | 2025 |
| 122 | Djibouti | 25.16% | 2025 |
| 123 | Azerbaijan | 24.86% | 2025 |
| 124 | Seychelles | 24.52% | 2016 |
| 125 | Lesotho | 24.3% | 2024 |
| 126 | Ireland | 23.78% | 2024 |
| 127 | Micronesia, Fed. Sts. | 23.43% | 2021 |
| 128 | Eswatini | 23.08% | 2025 |
| 129 | Togo | 23% | 2025 |
| 130 | Mauritania | 22.72% | 2019 |
| 131 | Burkina Faso | 22.72% | 2025 |
| 132 | Côte d'Ivoire | 22.68% | 2025 |
| 133 | Kyrgyz Republic | 22.29% | 2024 |
| 134 | Rwanda | 22.09% | 2025 |
| 135 | Romania | 22.07% | 2025 |
| 136 | Mali | 20.41% | 2025 |
| 137 | Suriname | 20.27% | 2025 |
| 138 | Benin | 19.78% | 2025 |
| 139 | Algeria | 19.59% | 2025 |
| 140 | Zambia | 19.18% | 2025 |
| 141 | Tanzania | 18.45% | 2025 |
| 142 | Mozambique | 18.25% | 2025 |
| 143 | Argentina | 17.6% | 2025 |
| 144 | Liberia | 17.21% | 2024 |
| 145 | Madagascar | 16.48% | 2024 |
| 146 | Ukraine | 16.42% | 2025 |
| 147 | Papua New Guinea | 15.74% | 2025 |
| 148 | Guyana | 15.61% | 2025 |
| 149 | Comoros | 15.32% | 2024 |
| 150 | Uganda | 14.3% | 2024 |
| 151 | Cameroon | 14.09% | 2019 |
| 152 | Iraq | 13.99% | 2024 |
| 153 | Congo, Rep. | 13.79% | 2023 |
| 154 | Gabon | 13.38% | 2019 |
| 155 | Nigeria | 13.21% | 2023 |
| 156 | Central African Republic | 13.04% | 2022 |
| 157 | Libya | 12.54% | 2025 |
| 158 | Tajikistan | 12.22% | 2023 |
| 159 | Congo, Dem. Rep. | 11.29% | 2023 |
| 160 | Pakistan | 10.73% | 2025 |
| 161 | Guinea | 10.57% | 2025 |
| 162 | Guinea-Bissau | 9.99% | 2025 |
| 163 | Niger | 9.57% | 2025 |
| 164 | Gambia, The | 9.4% | 2024 |
| 165 | Chad | 8.32% | 2021 |
| 166 | Ghana | 7.91% | 2025 |
| 167 | Malawi | 7.91% | 2024 |
| 168 | São Tomé and Principe | 7.82% | 2023 |
| 169 | Angola | 6.58% | 2025 |
| 170 | Zimbabwe | 6.48% | 2023 |
| 171 | Equatorial Guinea | 5.81% | 2023 |
| 172 | Sudan | 5.64% | 2022 |
| 173 | Sierra Leone | 5.5% | 2025 |
| 174 | Somalia, Fed. Rep. | 5.43% | 2024 |
| 175 | Kuwait | 4.92% | 2025 |
| 176 | South Sudan | 3.24% | 2025 |
| 177 | Haiti | 3.21% | 2025 |
| 178 | Afghanistan | 3.1% | 2020 |
Regions and income groups
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- Market capitalization of listed domestic companies (% of GDP)
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- 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)
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- Commercial bank branches (per 100,000 adults)
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Source
World Bank, World Development Indicators, FS.AST.PRVT.GD.ZS, CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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