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.
Top 40 countries, 2022
Full ranking
| Rank | Countries | 2022 | Change on 2021 |
|---|---|---|---|
| 1 | Macao | 287.4 | +54.8 pts |
| 2 | Hong Kong | 264.4 | +5.3 pts |
| 3 | United States | 187.1 | -32 pts |
| 4 | Japan | 186.5 | -1.4 pts |
| 5 | China | 181.8 | +8.2 pts |
| 6 | South Korea | 162.8 | +2.8 pts |
| 7 | Thailand | 156.4 | -7.7 pts |
| 8 | Switzerland | 151.5 | -7.5 pts |
| 9 | New Zealand | 146 | -9.7 pts |
| 10 | Denmark | 143.4 | -11.8 pts |
| 11 | Sweden | 136.1 | -0.7 pts |
| 12 | Australia | 133.6 | -4.7 pts |
| 13 | Cambodia | 132.8 | +11 pts |
| 14 | United Kingdom | 126.1 | -10 pts |
| 15 | Vietnam | 125 | +0.7 pts |
| 16 | France | 119.3 | -1.4 pts |
| 17 | Fiji | 118.4 | -20.8 pts |
| 18 | Malaysia | 113.1 | -14.2 pts |
| 19 | Chile | 112.7 | +3.4 pts |
| 20 | Norway | 106.5 | -26.2 pts |
| 21 | Luxembourg | 102.5 | -0.4 pts |
| 22 | Qatar | 101.1 | -22.2 pts |
| 23 | Finland | 96.2 | -3.9 pts |
| 24 | Nepal | 94.5 | -9.2 pts |
| 25 | Iceland | 93 | -6.5 pts |
| 26 | South Africa | 91.6 | -1.6 pts |
| 27 | Portugal | 89.5 | -9.4 pts |
| 28 | Austria | 89.2 | -3.9 pts |
| 29 | Samoa | 88.9 | -6 pts |
| 30 | Netherlands | 88.8 | -5.1 pts |
| 31 | Spain | 88.1 | -10.3 pts |
| 32 | Morocco | 87.5 | +1.5 pts |
| 33 | Germany | 81.1 | -1.6 pts |
| 34 | Panama | 81 | -6.2 pts |
| 35 | Jordan | 76.8 | +1.9 pts |
| 36 | Belgium | 72.6 | -2.2 pts |
| 37 | Mauritius | 72.4 | -13 pts |
| 38 | Cyprus | 70.8 | -16.6 pts |
| 39 | Brazil | 70.6 | +1.8 pts |
| 40 | Israel | 70.1 | +0.9 pts |
| 41 | Honduras | 70.1 | +2.4 pts |
| 42 | Italy | 69.6 | -6.4 pts |
| 43 | Malta | 68.9 | +0.5 pts |
| 44 | Bhutan | 67.9 | +3 pts |
| 45 | Slovakia | 66.7 | +1.6 pts |
| 46 | Tunisia | 66 | +1.3 pts |
| 47 | United Arab Emirates | 65.5 | -10.7 pts |
| 48 | Saint Kitts and Nevis | 63.1 | -5.1 pts |
| 49 | Georgia | 63.1 | -9.8 pts |
| 50 | Bolivia | 62.9 | +0.1 pts |
| 51 | El Salvador | 62.6 | +1.5 pts |
| 52 | Namibia | 61.4 | -7.5 pts |
| 53 | Barbados | 61.1 | -7.4 pts |
| 54 | Aruba | 60.5 | -8 pts |
| 55 | Cape Verde | 57.9 | -9.6 pts |
| 56 | Estonia | 57.2 | -2.1 pts |
| 57 | Oman | 55.8 | -12.4 pts |
| 58 | North Macedonia | 54.3 | -1.2 pts |
| 59 | Grenada | 53.6 | -3.7 pts |
| 60 | Türkiye | 53.4 | -17.6 pts |
| 61 | Armenia | 52.6 | -9.1 pts |
| 62 | Greece | 52.5 | -3.7 pts |
| 63 | Ecuador | 52.4 | +2.6 pts |
| 64 | Saint Lucia | 51.6 | -11.3 pts |
| 65 | Costa Rica | 51.4 | -4.7 pts |
| 66 | Paraguay | 51.1 | +1.7 pts |
| 67 | Vanuatu | 50.6 | -2.4 pts |
| 68 | Croatia | 50.5 | -2.3 pts |
| 69 | Philippines | 48.9 | -1.1 pts |
| 70 | Czechia | 48.6 | -3.4 pts |
| 71 | Bosnia and Herzegovina | 48.1 | -5.2 pts |
| 72 | Palestine | 47.7 | +0.4 pts |
| 73 | Montenegro | 47.2 | -5.5 pts |
| 74 | Jamaica | 46.2 | -3.8 pts |
| 75 | Dominica | 45.8 | -3.5 pts |
| 76 | Peru | 45.6 | -1.5 pts |
| 77 | Bulgaria | 44.7 | -3.4 pts |
| 78 | Colombia | 44.2 | -3.7 pts |
| 79 | Belize | 42.5 | -5.1 pts |
| 80 | Saint Vincent and the Grenadines | 41.2 | -5 pts |
| 81 | Slovenia | 41.2 | +0.1 pts |
| 82 | Mongolia | 41 | -6.5 pts |
| 83 | Poland | 39.3 | -6.4 pts |
| 84 | Bangladesh | 39 | -0.1 pts |
| 85 | Serbia | 38.4 | -3 pts |
| 86 | Antigua and Barbuda | 38.4 | -7.1 pts |
| 87 | India | 38.2 | +1.3 pts |
| 88 | Trinidad and Tobago | 37.1 | -3.7 pts |
| 89 | Guatemala | 36.6 | +0.9 pts |
| 90 | Hungary | 36 | -2.4 pts |
| 91 | Tonga | 36 | -0.4 pts |
| 92 | Lithuania | 35.9 | -1.3 pts |
| 93 | Indonesia | 35.3 | -1.7 pts |
| 94 | Maldives | 35.2 | -4.1 pts |
| 95 | Burundi | 35.1 | +6.6 pts |
| 96 | Solomon Islands | 34.7 | +1.9 pts |
| 97 | Mexico | 34.2 | -0.8 pts |
| 98 | Albania | 33.8 | -2.6 pts |
| 99 | Senegal | 32.2 | +2.3 pts |
| 100 | Burkina Faso | 31.6 | +2.2 pts |
| 101 | Brunei | 31.6 | -4.7 pts |
| 102 | Kenya | 31.3 | +0.1 pts |
| 103 | Uzbekistan | 31.3 | +0.7 pts |
| 104 | Latvia | 31 | -1.5 pts |
| 105 | Egypt | 30.8 | +2.6 pts |
| 106 | Botswana | 29.9 | -4.6 pts |
| 107 | Nicaragua | 29.7 | +1.7 pts |
| 108 | Dominican Republic | 28 | +0.2 pts |
| 109 | Moldova | 27.5 | -1 pts |
| 110 | Togo | 26.6 | +0.4 pts |
| 111 | Uruguay | 26.4 | -0.3 pts |
| 112 | Ireland | 25.4 | -1 pts |
| 113 | Romania | 25.2 | -1.3 pts |
| 114 | Kazakhstan | 25 | -1 pts |
| 115 | Mali | 24.8 | +1 pts |
| 116 | Ukraine | 23.3 | -0.2 pts |
| 117 | Rwanda | 22.1 | -2.8 pts |
| 118 | Lesotho | 21.7 | -0.6 pts |
| 119 | Eswatini | 21.3 | +0.5 pts |
| 120 | Côte d’Ivoire | 20.9 | -0.1 pts |
| 121 | Kyrgyzstan | 20.8 | -3.4 pts |
| 122 | Mozambique | 20.7 | -2.3 pts |
| 123 | Guyana | 20.2 | -10.6 pts |
| 124 | Djibouti | 19.8 | +1.2 pts |
| 125 | Suriname | 19.4 | +1.3 pts |
| 126 | Madagascar | 18.6 | +0.8 pts |
| 127 | Azerbaijan | 18.3 | -4.6 pts |
| 128 | Algeria | 18.2 | -4.4 pts |
| 129 | Benin | 17.1 | +1.5 pts |
| 130 | Comoros | 16.3 | +0.3 pts |
| 131 | Tanzania | 15.2 | +2.2 pts |
| 132 | Uganda | 15.1 | +0.3 pts |
| 133 | Papua New Guinea | 15 | -2.4 pts |
| 134 | Pakistan | 14.8 | -0.5 pts |
| 135 | Liberia | 14.8 | +1.9 pts |
| 136 | Guinea-Bissau | 14.6 | +1.3 pts |
| 137 | Ghana | 13.3 | +0.2 pts |
| 138 | Central African Republic | 13 | +1.2 pts |
| 139 | Zambia | 13 | +1.6 pts |
| 140 | Argentina | 12.9 | -0.4 pts |
| 141 | São Tomé and Príncipe | 12.9 | -4.8 pts |
| 142 | Republic of the Congo | 12.8 | -1.1 pts |
| 143 | Timor-Leste | 12.7 | +4.3 pts |
| 144 | Niger | 12.4 | -0.6 pts |
| 145 | Libya | 10.7 | -0.3 pts |
| 146 | Guinea | 10.5 | +1.4 pts |
| 147 | Tajikistan | 10.4 | +0.1 pts |
| 148 | Gambia | 9.6 | +0.7 pts |
| 149 | Nigeria | 9.6 | -0.2 pts |
| 150 | Iraq | 9.5 | -1.7 pts |
| 151 | Malawi | 8.6 | +0.4 pts |
| 152 | Democratic Republic of the Congo | 8.5 | +1.8 pts |
| 153 | Haiti | 8.3 | -0.1 pts |
| 154 | Equatorial Guinea | 8.1 | -2.4 pts |
| 155 | Angola | 7 | -1.8 pts |
| 156 | Zimbabwe | 5.8 | +1.1 pts |
| 157 | Sudan | 5.6 | -1 pts |
| 158 | Somalia | 3.9 | +0.5 pts |
| 159 | Kuwait | 3.5 | -1.1 pts |
| 160 | Sierra Leone | 3.5 | -0.7 pts |
| 161 | South Sudan | 3 | +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
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 -
Use this data in your AI agent
Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:
Rank Countries by domestic credit to the private sector using official data, and cite the source.
rank_places {"indicator":"private_sector_credit_gdp","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=private_sector_credit_gdp&level=country&limit=10
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.