Countries by domestic credit to the private sector, 2022

Macao had the highest domestic credit to the private sector of 161 countries in 2022, at 287.4% of GDP. South Sudan had the lowest, at 3% of GDP. The median was 41.2% of GDP and the figure for the World was 134.5% of GDP. Source: the World Bank.

Highest287.4Macao
Median41.2161 countries
World134.5History

Top 40 countries, 2022

Macao: 287.4 % of GDPMacao287.4Hong Kong: 264.4 % of GDPHong Kong264.4United States: 187.1 % of GDPUnited States187.1Japan: 186.5 % of GDPJapan186.5China: 181.8 % of GDPChina181.8South Korea: 162.8 % of GDPSouth Korea162.8Thailand: 156.4 % of GDPThailand156.4Switzerland: 151.5 % of GDPSwitzerland151.5New Zealand: 146 % of GDPNew Zealand146Denmark: 143.4 % of GDPDenmark143.4Sweden: 136.1 % of GDPSweden136.1Australia: 133.6 % of GDPAustralia133.6Cambodia: 132.8 % of GDPCambodia132.8United Kingdom: 126.1 % of GDPUnited Kingdom126.1Vietnam: 125 % of GDPVietnam125France: 119.3 % of GDPFrance119.3Fiji: 118.4 % of GDPFiji118.4Malaysia: 113.1 % of GDPMalaysia113.1Chile: 112.7 % of GDPChile112.7Norway: 106.5 % of GDPNorway106.5Luxembourg: 102.5 % of GDPLuxembourg102.5Qatar: 101.1 % of GDPQatar101.1Finland: 96.2 % of GDPFinland96.2Nepal: 94.5 % of GDPNepal94.5Iceland: 93 % of GDPIceland93South Africa: 91.6 % of GDPSouth Africa91.6Portugal: 89.5 % of GDPPortugal89.5Austria: 89.2 % of GDPAustria89.2Samoa: 88.9 % of GDPSamoa88.9Netherlands: 88.8 % of GDPNetherlands88.8Spain: 88.1 % of GDPSpain88.1Morocco: 87.5 % of GDPMorocco87.5Germany: 81.1 % of GDPGermany81.1Panama: 81 % of GDPPanama81Jordan: 76.8 % of GDPJordan76.8Belgium: 72.6 % of GDPBelgium72.6Mauritius: 72.4 % of GDPMauritius72.4Cyprus: 70.8 % of GDPCyprus70.8Brazil: 70.6 % of GDPBrazil70.6Israel: 70.1 % of GDPIsrael70.1
% of GDP. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2022
% of GDP
Change on 2021
1Macao287.4+54.8 pts
2Hong Kong264.4+5.3 pts
3United States187.1-32 pts
4Japan186.5-1.4 pts
5China181.8+8.2 pts
6South Korea162.8+2.8 pts
7Thailand156.4-7.7 pts
8Switzerland151.5-7.5 pts
9New Zealand146-9.7 pts
10Denmark143.4-11.8 pts
11Sweden136.1-0.7 pts
12Australia133.6-4.7 pts
13Cambodia132.8+11 pts
14United Kingdom126.1-10 pts
15Vietnam125+0.7 pts
16France119.3-1.4 pts
17Fiji118.4-20.8 pts
18Malaysia113.1-14.2 pts
19Chile112.7+3.4 pts
20Norway106.5-26.2 pts
21Luxembourg102.5-0.4 pts
22Qatar101.1-22.2 pts
23Finland96.2-3.9 pts
24Nepal94.5-9.2 pts
25Iceland93-6.5 pts
26South Africa91.6-1.6 pts
27Portugal89.5-9.4 pts
28Austria89.2-3.9 pts
29Samoa88.9-6 pts
30Netherlands88.8-5.1 pts
31Spain88.1-10.3 pts
32Morocco87.5+1.5 pts
33Germany81.1-1.6 pts
34Panama81-6.2 pts
35Jordan76.8+1.9 pts
36Belgium72.6-2.2 pts
37Mauritius72.4-13 pts
38Cyprus70.8-16.6 pts
39Brazil70.6+1.8 pts
40Israel70.1+0.9 pts
41Honduras70.1+2.4 pts
42Italy69.6-6.4 pts
43Malta68.9+0.5 pts
44Bhutan67.9+3 pts
45Slovakia66.7+1.6 pts
46Tunisia66+1.3 pts
47United Arab Emirates65.5-10.7 pts
48Saint Kitts and Nevis63.1-5.1 pts
49Georgia63.1-9.8 pts
50Bolivia62.9+0.1 pts
51El Salvador62.6+1.5 pts
52Namibia61.4-7.5 pts
53Barbados61.1-7.4 pts
54Aruba60.5-8 pts
55Cape Verde57.9-9.6 pts
56Estonia57.2-2.1 pts
57Oman55.8-12.4 pts
58North Macedonia54.3-1.2 pts
59Grenada53.6-3.7 pts
60Türkiye53.4-17.6 pts
61Armenia52.6-9.1 pts
62Greece52.5-3.7 pts
63Ecuador52.4+2.6 pts
64Saint Lucia51.6-11.3 pts
65Costa Rica51.4-4.7 pts
66Paraguay51.1+1.7 pts
67Vanuatu50.6-2.4 pts
68Croatia50.5-2.3 pts
69Philippines48.9-1.1 pts
70Czechia48.6-3.4 pts
71Bosnia and Herzegovina48.1-5.2 pts
72Palestine47.7+0.4 pts
73Montenegro47.2-5.5 pts
74Jamaica46.2-3.8 pts
75Dominica45.8-3.5 pts
76Peru45.6-1.5 pts
77Bulgaria44.7-3.4 pts
78Colombia44.2-3.7 pts
79Belize42.5-5.1 pts
80Saint Vincent and the Grenadines41.2-5 pts
81Slovenia41.2+0.1 pts
82Mongolia41-6.5 pts
83Poland39.3-6.4 pts
84Bangladesh39-0.1 pts
85Serbia38.4-3 pts
86Antigua and Barbuda38.4-7.1 pts
87India38.2+1.3 pts
88Trinidad and Tobago37.1-3.7 pts
89Guatemala36.6+0.9 pts
90Hungary36-2.4 pts
91Tonga36-0.4 pts
92Lithuania35.9-1.3 pts
93Indonesia35.3-1.7 pts
94Maldives35.2-4.1 pts
95Burundi35.1+6.6 pts
96Solomon Islands34.7+1.9 pts
97Mexico34.2-0.8 pts
98Albania33.8-2.6 pts
99Senegal32.2+2.3 pts
100Burkina Faso31.6+2.2 pts
101Brunei31.6-4.7 pts
102Kenya31.3+0.1 pts
103Uzbekistan31.3+0.7 pts
104Latvia31-1.5 pts
105Egypt30.8+2.6 pts
106Botswana29.9-4.6 pts
107Nicaragua29.7+1.7 pts
108Dominican Republic28+0.2 pts
109Moldova27.5-1 pts
110Togo26.6+0.4 pts
111Uruguay26.4-0.3 pts
112Ireland25.4-1 pts
113Romania25.2-1.3 pts
114Kazakhstan25-1 pts
115Mali24.8+1 pts
116Ukraine23.3-0.2 pts
117Rwanda22.1-2.8 pts
118Lesotho21.7-0.6 pts
119Eswatini21.3+0.5 pts
120Côte d’Ivoire20.9-0.1 pts
121Kyrgyzstan20.8-3.4 pts
122Mozambique20.7-2.3 pts
123Guyana20.2-10.6 pts
124Djibouti19.8+1.2 pts
125Suriname19.4+1.3 pts
126Madagascar18.6+0.8 pts
127Azerbaijan18.3-4.6 pts
128Algeria18.2-4.4 pts
129Benin17.1+1.5 pts
130Comoros16.3+0.3 pts
131Tanzania15.2+2.2 pts
132Uganda15.1+0.3 pts
133Papua New Guinea15-2.4 pts
134Pakistan14.8-0.5 pts
135Liberia14.8+1.9 pts
136Guinea-Bissau14.6+1.3 pts
137Ghana13.3+0.2 pts
138Central African Republic13+1.2 pts
139Zambia13+1.6 pts
140Argentina12.9-0.4 pts
141São Tomé and Príncipe12.9-4.8 pts
142Republic of the Congo12.8-1.1 pts
143Timor-Leste12.7+4.3 pts
144Niger12.4-0.6 pts
145Libya10.7-0.3 pts
146Guinea10.5+1.4 pts
147Tajikistan10.4+0.1 pts
148Gambia9.6+0.7 pts
149Nigeria9.6-0.2 pts
150Iraq9.5-1.7 pts
151Malawi8.6+0.4 pts
152Democratic Republic of the Congo8.5+1.8 pts
153Haiti8.3-0.1 pts
154Equatorial Guinea8.1-2.4 pts
155Angola7-1.8 pts
156Zimbabwe5.8+1.1 pts
157Sudan5.6-1 pts
158Somalia3.9+0.5 pts
159Kuwait3.5-1.1 pts
160Sierra Leone3.5-0.7 pts
161South Sudan3+0.3 pts

Other periods

About this ranking

Financial corporations' claims on the private sector, including loans, non-equity securities and trade credit, as a percentage of GDP. Some countries include credit to public enterprises.

Can include central banks, deposit banks and other financial corporations, so it is not a bank-loans-only measure. A published zero is valid. The latest year varies by country.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 24 countries with data in other periods have no value for 2022 and are left out rather than filled from another source. Equal values share a rank.

How to cite

World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.

Citation styles

The publisher is the author. Invokely is named only as the place the figures were read, where a style asks for it.

APA 7

World Bank. (2026). Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS) (Countries by domestic credit to the private sector, 2022) [Data set]. Retrieved October 12, 2026, from https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS

MLA 9

Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Countries by domestic credit to the private sector, 2022. World Bank, 8 Oct. 2026, https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries. Accessed 12 Oct. 2026.

Chicago (author-date)

World Bank. 2026. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Countries by domestic credit to the private sector, 2022. Dataset. Accessed October 12, 2026. https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Also distributed by Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries.

Harvard

World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Countries by domestic credit to the private sector, 2022 [Dataset]. Available at: https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS, via Invokely: https://invokely.ai/rankings/domestic-credit-private-sector/countries (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_domestic_credit_2022,
  author = {{World Bank}},
  title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Countries by domestic credit to the private sector, 2022}},
  year = {2026},
  howpublished = {Data set},
  url = {https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries. Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.},
}
RIS
TY  - DATA
AU  - World Bank
TI  - Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS): Countries by domestic credit to the private sector, 2022
PY  - 2026
DA  - 2026/10/08
PB  - World Bank
DB  - Invokely
UR  - https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS
L2  - https://invokely.ai/rankings/domestic-credit-private-sector/countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries.
N1  - Publisher attribution: World Bank, World Development Indicators. Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS. Retrieved 2026-10-12. Licensed under CC BY 4.0.
ER  - 
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Questions

Which country has the highest domestic credit to the private sector?

Macao, with 287.4% of GDP in 2022, according to the World Bank.

Which country has the lowest domestic credit to the private sector?

South Sudan, with 3% of GDP in 2022.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12. 24 countries have no value for 2022 and are not ranked.

Domestic credit to the private sector: other rankings

Countries: more rankings