Private non-financial credit outstanding in USD

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

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 private non-financial credit outstanding in USD, Q1 2026

Top 15. Source: Bank for International Settlements.

United States: 43,604.66 USD billionUnited States43,604.66China: 41,940.49 USD billionChina41,940.49France: 7,413.35 USD billionFrance7,413.35Japan: 7,326.44 USD billionJapan7,326.44Germany: 7,093.48 USD billionGermany7,093.48United Kingdom: 5,220.84 USD billionUnited Kingdom5,220.84Canada: 5,136.6 USD billionCanada5,136.6India: 3,874.24 USD billionIndia3,874.24Netherlands: 3,582.45 USD billionNetherlands3,582.45South Korea: 3,502.15 USD billionSouth Korea3,502.15Australia: 3,501.77 USD billionAustralia3,501.77Switzerland: 2,794.63 USD billionSwitzerland2,794.63Russia: 2,780.5 USD billionRussia2,780.5Italy: 2,463.62 USD billionItaly2,463.62Spain: 2,350.63 USD billionSpain2,350.63
USD billion. Source: BIS, BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd. Retrieved 2026-10-12.

Full ranking of countries

Places with data

Published for countries.

Countries

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