Non-financial corporate credit outstanding in USD

Quarter-end gross core debt of public and private non-financial corporations from all lender sectors, in USD billion, converted by the BIS at quarter-end exchange rates.

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BIS core debt: loans and debt securities, plus currency and deposits for government. Includes domestic and foreign lenders. Households include non-profit institutions serving households; corporations include public and private non-financial corporations. Gross debt: financial assets are not deducted. Private sectors are unconsolidated; government is consolidated. Market valuation follows national sources; US private debt securities use face value. BIS break adjustments and some historical estimates are retained. Unlike World Bank domestic private credit, it excludes trade credit and covers all lender sectors. Not seasonally adjusted.

Key facts

Figures last updated on 2026-10-12.

Rankings

Countries by non-financial corporate credit outstanding in USD, Q1 2026

Top 15. Source: Bank for International Settlements.

China: 30,118.18 USD billionChina30,118.18United States: 22,626.7 USD billionUnited States22,626.7France: 5,369.09 USD billionFrance5,369.09Japan: 4,761.97 USD billionJapan4,761.97Germany: 4,571.97 USD billionGermany4,571.97Canada: 2,788.61 USD billionCanada2,788.61Netherlands: 2,296.13 USD billionNetherlands2,296.13United Kingdom: 2,269.61 USD billionUnited Kingdom2,269.61Russia: 2,221.75 USD billionRussia2,221.75India: 2,064.6 USD billionIndia2,064.6South Korea: 1,945.19 USD billionSouth Korea1,945.19Italy: 1,524.83 USD billionItaly1,524.83Spain: 1,513.64 USD billionSpain1,513.64Switzerland: 1,415.2 USD billionSwitzerland1,415.2Brazil: 1,354.24 USD billionBrazil1,354.24China: 30,118.18 USD billionChina30,118.18United States: 22,626.7 USD billionUnited States22,626.7France: 5,369.09 USD billionFrance5,369.09Japan: 4,761.97 USD billionJapan4,761.97Germany: 4,571.97 USD billionGermany4,571.97Canada: 2,788.61 USD billionCanada2,788.61Netherlands: 2,296.13 USD billionNetherlands2,296.13United Kingdom: 2,269.61 USD billionUnited Kingdom2,269.61Russia: 2,221.75 USD billionRussia2,221.75India: 2,064.6 USD billionIndia2,064.6South Korea: 1,945.19 USD billionSouth Korea1,945.19Italy: 1,524.83 USD billionItaly1,524.83Spain: 1,513.64 USD billionSpain1,513.64Switzerland: 1,415.2 USD billionSwitzerland1,415.2Brazil: 1,354.24 USD billionBrazil1,354.24
USD billion. Source: BIS, BIS WS_TC: N.A.M.USD.A, quarterly, nonfinancial corporate credit usd. Retrieved 2026-10-12.

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