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Domestic credit to private sector, % of GDP: ranking of countries
169 countries ranked by their latest value (2020–2025). Hong Kong is highest at 222.6%; Afghanistan is lowest at 3.1%.
World 140.3% (2024)Median country 39.6%169 countries
Private credit: world and regions, 1994–2025
WorldEast Asia & PacificEurope & Central AsiaLatin America & CaribbeanMiddle East, North Africa, Afghanistan & PakistanNorth AmericaSouth AsiaSub-Saharan Africa
Source: World Bank, World Development Indicators (CC BY 4.0)Regional lines are World Bank aggregates.
Highest ten
full ranking
All 169 countries
Latest value for each country; the year column shows when it was reported.
169 shown
| # | Country | Region | Private credit | Year | Relative |
|---|---|---|---|---|---|
| 1 | Hong Kong | East Asia & Pacific | 222.6% | 2025 | |
| 2 | United States | North America | 201.3% | 2025 | |
| 3 | China | East Asia & Pacific | 194.3% | 2024 | |
| 4 | Japan | East Asia & Pacific | 188.7% | 2025 | |
| 5 | South Korea | East Asia & Pacific | 160.3% | 2024 | |
| 6 | Switzerland | Europe & Central Asia | 152.6% | 2025 | |
| 7 | Denmark | Europe & Central Asia | 144.1% | 2024 | |
| 8 | New Zealand | East Asia & Pacific | 143.4% | 2025 | |
| 9 | Thailand | East Asia & Pacific | 143.1% | 2025 | |
| 10 | Australia | East Asia & Pacific | 133.8% | 2025 | |
| 11 | Singapore | East Asia & Pacific | 128.4% | 2020 | |
| 12 | Qatar | Middle East, North Africa, Afghanistan & Pakistan | 126.8% | 2025 | |
| 13 | Sweden | Europe & Central Asia | 125.3% | 2024 | |
| 14 | Vietnam | East Asia & Pacific | 125.0% | 2022 | |
| 15 | Norway | Europe & Central Asia | 124.4% | 2024 | |
| 16 | Cambodia | East Asia & Pacific | 120.7% | 2025 | |
| 17 | Fiji | East Asia & Pacific | 119.0% | 2025 | |
| 18 | Malaysia | East Asia & Pacific | 117.9% | 2025 | |
| 19 | Macao | East Asia & Pacific | 117.1% | 2025 | |
| 20 | United Kingdom | Europe & Central Asia | 112.4% | 2024 | |
| 21 | France | Europe & Central Asia | 107.6% | 2024 | |
| 22 | Chile | Latin America & Caribbean | 102.1% | 2025 | |
| 23 | Finland | Europe & Central Asia | 92.0% | 2024 | |
| 24 | Nepal | South Asia | 90.5% | 2025 | |
| 25 | South Africa | Sub-Saharan Africa | 89.4% | 2024 | |
| 26 | Iceland | Europe & Central Asia | 88.6% | 2025 | |
| 27 | Luxembourg | Europe & Central Asia | 85.1% | 2024 | |
| 28 | Netherlands | Europe & Central Asia | 82.4% | 2024 | |
| 29 | Austria | Europe & Central Asia | 81.8% | 2024 | |
| 30 | Morocco | Middle East, North Africa, Afghanistan & Pakistan | 79.2% | 2025 | |
| 31 | Honduras | Latin America & Caribbean | 78.5% | 2024 | |
| 32 | Germany | Europe & Central Asia | 77.3% | 2023 | |
| 33 | Portugal | Europe & Central Asia | 77.1% | 2024 | |
| 34 | Panama | Latin America & Caribbean | 75.5% | 2025 | |
| 35 | Brazil | Latin America & Caribbean | 75.1% | 2025 | |
| 36 | Spain | Europe & Central Asia | 74.2% | 2024 | |
| 37 | Israel | Middle East, North Africa, Afghanistan & Pakistan | 72.5% | 2025 | |
| 38 | Mauritius | Sub-Saharan Africa | 72.0% | 2025 | |
| 39 | Bhutan | South Asia | 71.6% | 2025 | |
| 40 | Jordan | Middle East, North Africa, Afghanistan & Pakistan | 71.3% | 2025 | |
| 41 | Armenia | Europe & Central Asia | 70.5% | 2025 | |
| 42 | Georgia | Europe & Central Asia | 69.1% | 2025 | |
| 43 | Belgium | Europe & Central Asia | 68.1% | 2024 | |
| 44 | Kosovo | Europe & Central Asia | 65.6% | 2025 | |
| 45 | Samoa | East Asia & Pacific | 65.5% | 2025 | |
| 46 | United Arab Emirates | Middle East, North Africa, Afghanistan & Pakistan | 65.5% | 2022 | |
| 47 | Saint Kitts and Nevis | Latin America & Caribbean | 65.0% | 2025 | |
| 48 | El Salvador | Latin America & Caribbean | 64.4% | 2025 | |
| 49 | Oman | Middle East, North Africa, Afghanistan & Pakistan | 63.2% | 2024 | |
| 50 | Malta | Middle East, North Africa, Afghanistan & Pakistan | 61.7% | 2024 | |
| 51 | Estonia | Europe & Central Asia | 60.5% | 2024 | |
| 52 | Italy | Europe & Central Asia | 60.3% | 2024 | |
| 53 | Barbados | Latin America & Caribbean | 59.7% | 2023 | |
| 54 | Slovakia | Europe & Central Asia | 59.7% | 2024 | |
| 55 | Ecuador | Latin America & Caribbean | 58.9% | 2025 | |
| 56 | Aruba | Latin America & Caribbean | 58.0% | 2023 | |
| 57 | Tunisia | Middle East, North Africa, Afghanistan & Pakistan | 57.7% | 2025 | |
| 58 | Grenada | Latin America & Caribbean | 57.5% | 2025 | |
| 59 | Cyprus | Europe & Central Asia | 56.7% | 2024 | |
| 60 | West Bank and Gaza | Middle East, North Africa, Afghanistan & Pakistan | 56.5% | 2025 | |
| 61 | North Macedonia | Europe & Central Asia | 56.3% | 2025 | |
| 62 | Paraguay | Latin America & Caribbean | 55.7% | 2025 | |
| 63 | Namibia | Sub-Saharan Africa | 55.1% | 2024 | |
| 64 | Russia | Europe & Central Asia | 54.6% | 2021 | |
| 65 | Cabo Verde | Sub-Saharan Africa | 54.0% | 2025 | |
| 66 | Philippines | East Asia & Pacific | 52.1% | 2025 | |
| 67 | Bolivia | Latin America & Caribbean | 51.8% | 2025 | |
| 68 | Saint Lucia | Latin America & Caribbean | 51.7% | 2025 | |
| 69 | Costa Rica | Latin America & Caribbean | 51.0% | 2025 | |
| 70 | Bosnia and Herzegovina | Europe & Central Asia | 50.5% | 2025 | |
| 71 | Trinidad and Tobago | Latin America & Caribbean | 50.4% | 2025 | |
| 72 | Greece | Europe & Central Asia | 48.5% | 2024 | |
| 73 | Vanuatu | East Asia & Pacific | 48.5% | 2024 | |
| 74 | Czechia | Europe & Central Asia | 48.0% | 2024 | |
| 75 | Bulgaria | Europe & Central Asia | 47.1% | 2024 | |
| 76 | Croatia | Europe & Central Asia | 46.9% | 2024 | |
| 77 | Jamaica | Latin America & Caribbean | 45.8% | 2025 | |
| 78 | Türkiye | Europe & Central Asia | 45.8% | 2025 | |
| 79 | Montenegro | Europe & Central Asia | 45.3% | 2024 | |
| 80 | Mongolia | East Asia & Pacific | 44.9% | 2024 | |
| 81 | India | South Asia | 44.0% | 2025 | |
| 82 | Belize | Latin America & Caribbean | 43.1% | 2025 | |
| 83 | Brunei | East Asia & Pacific | 40.1% | 2025 | |
| 84 | Colombia | Latin America & Caribbean | 39.9% | 2025 | |
| 85 | Peru | Latin America & Caribbean | 39.6% | 2024 | |
| 86 | Timor-Leste | East Asia & Pacific | 39.1% | 2025 | |
| 87 | Burundi | Sub-Saharan Africa | 38.5% | 2025 | |
| 88 | Dominica | Latin America & Caribbean | 38.1% | 2025 | |
| 89 | Antigua and Barbuda | Latin America & Caribbean | 37.4% | 2025 | |
| 90 | Guatemala | Latin America & Caribbean | 37.2% | 2025 | |
| 91 | Saint Vincent and the Grenadines | Latin America & Caribbean | 36.6% | 2025 | |
| 92 | Maldives | South Asia | 36.4% | 2025 | |
| 93 | Albania | Europe & Central Asia | 36.4% | 2025 | |
| 94 | Indonesia | East Asia & Pacific | 36.3% | 2025 | |
| 95 | Lithuania | Europe & Central Asia | 35.7% | 2024 | |
| 96 | Mexico | Latin America & Caribbean | 35.5% | 2025 | |
| 97 | Slovenia | Europe & Central Asia | 35.4% | 2024 | |
| 98 | Serbia | Europe & Central Asia | 35.4% | 2025 | |
| 99 | Bangladesh | South Asia | 34.5% | 2025 | |
| 100 | Tonga | East Asia & Pacific | 34.1% | 2025 | |
| 101 | Moldova | Europe & Central Asia | 33.6% | 2025 | |
| 102 | Poland | Europe & Central Asia | 33.6% | 2024 | |
| 103 | Botswana | Sub-Saharan Africa | 33.2% | 2025 | |
| 104 | Dominican Republic | Latin America & Caribbean | 32.8% | 2025 | |
| 105 | Hungary | Europe & Central Asia | 32.4% | 2024 | |
| 106 | Nicaragua | Latin America & Caribbean | 32.3% | 2024 | |
| 107 | Solomon Islands | East Asia & Pacific | 31.5% | 2025 | |
| 108 | Uzbekistan | Europe & Central Asia | 31.2% | 2025 | |
| 109 | Senegal | Sub-Saharan Africa | 30.9% | 2025 | |
| 110 | Uruguay | Latin America & Caribbean | 30.8% | 2025 | |
| 111 | Kenya | Sub-Saharan Africa | 29.4% | 2025 | |
| 112 | Latvia | Europe & Central Asia | 29.3% | 2024 | |
| 113 | Belarus | Europe & Central Asia | 29.2% | 2021 | |
| 114 | Myanmar | East Asia & Pacific | 29.0% | 2020 | |
| 115 | Kazakhstan | Europe & Central Asia | 27.7% | 2025 | |
| 116 | Egypt | Middle East, North Africa, Afghanistan & Pakistan | 25.8% | 2025 | |
| 117 | Djibouti | Middle East, North Africa, Afghanistan & Pakistan | 25.2% | 2025 | |
| 118 | Azerbaijan | Europe & Central Asia | 24.9% | 2025 | |
| 119 | Lesotho | Sub-Saharan Africa | 24.3% | 2024 | |
| 120 | Ireland | Europe & Central Asia | 23.8% | 2024 | |
| 121 | Micronesia | East Asia & Pacific | 23.4% | 2021 | |
| 122 | Eswatini | Sub-Saharan Africa | 23.1% | 2025 | |
| 123 | Togo | Sub-Saharan Africa | 23.0% | 2025 | |
| 124 | Burkina Faso | Sub-Saharan Africa | 22.7% | 2025 | |
| 125 | Côte d'Ivoire | Sub-Saharan Africa | 22.7% | 2025 | |
| 126 | Kyrgyzstan | Europe & Central Asia | 22.3% | 2024 | |
| 127 | Rwanda | Sub-Saharan Africa | 22.1% | 2025 | |
| 128 | Romania | Europe & Central Asia | 22.1% | 2025 | |
| 129 | Mali | Sub-Saharan Africa | 20.4% | 2025 | |
| 130 | Suriname | Latin America & Caribbean | 20.3% | 2025 | |
| 131 | Benin | Sub-Saharan Africa | 19.8% | 2025 | |
| 132 | Algeria | Middle East, North Africa, Afghanistan & Pakistan | 19.6% | 2025 | |
| 133 | Zambia | Sub-Saharan Africa | 19.2% | 2025 | |
| 134 | Tanzania | Sub-Saharan Africa | 18.4% | 2025 | |
| 135 | Mozambique | Sub-Saharan Africa | 18.3% | 2025 | |
| 136 | Argentina | Latin America & Caribbean | 17.6% | 2025 | |
| 137 | Liberia | Sub-Saharan Africa | 17.2% | 2024 | |
| 138 | Madagascar | Sub-Saharan Africa | 16.5% | 2024 | |
| 139 | Ukraine | Europe & Central Asia | 16.4% | 2025 | |
| 140 | Papua New Guinea | East Asia & Pacific | 15.7% | 2025 | |
| 141 | Guyana | Latin America & Caribbean | 15.6% | 2025 | |
| 142 | Comoros | Sub-Saharan Africa | 15.3% | 2024 | |
| 143 | Uganda | Sub-Saharan Africa | 14.3% | 2024 | |
| 144 | Iraq | Middle East, North Africa, Afghanistan & Pakistan | 14.0% | 2024 | |
| 145 | Republic of the Congo | Sub-Saharan Africa | 13.8% | 2023 | |
| 146 | Nigeria | Sub-Saharan Africa | 13.2% | 2023 | |
| 147 | Central African Republic | Sub-Saharan Africa | 13.0% | 2022 | |
| 148 | Libya | Middle East, North Africa, Afghanistan & Pakistan | 12.5% | 2025 | |
| 149 | Tajikistan | Europe & Central Asia | 12.2% | 2023 | |
| 150 | Democratic Republic of the Congo | Sub-Saharan Africa | 11.3% | 2023 | |
| 151 | Pakistan | Middle East, North Africa, Afghanistan & Pakistan | 10.7% | 2025 | |
| 152 | Guinea | Sub-Saharan Africa | 10.6% | 2025 | |
| 153 | Guinea-Bissau | Sub-Saharan Africa | 10.0% | 2025 | |
| 154 | Niger | Sub-Saharan Africa | 9.6% | 2025 | |
| 155 | The Gambia | Sub-Saharan Africa | 9.4% | 2024 | |
| 156 | Chad | Sub-Saharan Africa | 8.3% | 2021 | |
| 157 | Ghana | Sub-Saharan Africa | 7.9% | 2025 | |
| 158 | Malawi | Sub-Saharan Africa | 7.9% | 2024 | |
| 159 | São Tomé and Príncipe | Sub-Saharan Africa | 7.8% | 2023 | |
| 160 | Angola | Sub-Saharan Africa | 6.6% | 2025 | |
| 161 | Zimbabwe | Sub-Saharan Africa | 6.5% | 2023 | |
| 162 | Equatorial Guinea | Sub-Saharan Africa | 5.8% | 2023 | |
| 163 | Sudan | Sub-Saharan Africa | 5.6% | 2022 | |
| 164 | Sierra Leone | Sub-Saharan Africa | 5.5% | 2025 | |
| 165 | Somalia | Sub-Saharan Africa | 5.4% | 2024 | |
| 166 | Kuwait | Middle East, North Africa, Afghanistan & Pakistan | 4.9% | 2025 | |
| 167 | South Sudan | Sub-Saharan Africa | 3.2% | 2025 | |
| 168 | Haiti | Latin America & Caribbean | 3.2% | 2025 | |
| 169 | Afghanistan | Middle East, North Africa, Afghanistan & Pakistan | 3.1% | 2020 |
Source: World Bank, World Development Indicators (CC BY 4.0)Domestic credit to private sector (% of GDP)