Countries by domestic credit to the private sector
Cyprus had the highest domestic credit to the private sector of 173 countries in 2012, at 249.2% of GDP. South Sudan had the lowest, at 1.1% of GDP. The median was 39% of GDP and the figure for the World was 115.4% of GDP. Source: the World Bank.
Top 40 countries, 2012
Full ranking
| Rank | Countries | 2012 | Change on 2011 |
|---|---|---|---|
| 1 | Cyprus | 249.2 | +6.7 pts |
| 2 | Hong Kong | 198.5 | -3.8 pts |
| 3 | Denmark | 182.3 | -4.8 pts |
| 4 | United States | 175.4 | +1 pts |
| 5 | United Kingdom | 160 | -9.6 pts |
| 6 | Switzerland | 159.6 | +5.7 pts |
| 7 | Japan | 157.9 | +0.1 pts |
| 8 | Spain | 157.4 | -9.6 pts |
| 9 | Portugal | 152.7 | -3.3 pts |
| 10 | Thailand | 136.2 | +5.6 pts |
| 11 | Sweden | 128.7 | +4 pts |
| 12 | China | 126.8 | +5.7 pts |
| 13 | South Africa | 125.2 | +6.2 pts |
| 14 | South Korea | 125.1 | -1.9 pts |
| 15 | Australia | 120.8 | -1 pts |
| 16 | Greece | 120.1 | +0.9 pts |
| 17 | Norway | 119.8 | -2.4 pts |
| 18 | Iceland | 116.3 | -18.5 pts |
| 19 | Netherlands | 116 | +2.5 pts |
| 20 | Malaysia | 114.1 | +5.7 pts |
| 21 | Singapore | 113 | +8.3 pts |
| 22 | Ireland | 110.6 | -4.1 pts |
| 23 | Malta | 108.6 | -8.3 pts |
| 24 | Chile | 104.3 | +2.4 pts |
| 25 | Mauritius | 97.5 | +9.4 pts |
| 26 | France | 96.6 | -0.1 pts |
| 27 | Austria | 94.8 | -1.8 pts |
| 28 | Italy | 93.3 | -0.3 pts |
| 29 | Saint Lucia | 92.8 | +4.7 pts |
| 30 | Finland | 92.1 | +2.5 pts |
| 31 | Lebanon | 90 | -0 pts |
| 32 | Morocco | 87.8 | +1 pts |
| 33 | Luxembourg | 83.6 | -0.6 pts |
| 34 | Grenada | 82.8 | -2.1 pts |
| 35 | Germany | 82.2 | -1.1 pts |
| 36 | Slovenia | 80 | -2.5 pts |
| 37 | Panama | 79.6 | -0.7 pts |
| 38 | Fiji | 76.8 | +1.4 pts |
| 39 | Vietnam | 75.5 | -4.4 pts |
| 40 | Vanuatu | 73.7 | +4.4 pts |
| 41 | Estonia | 72.2 | -5.5 pts |
| 42 | Barbados | 71.9 | |
| 43 | Croatia | 69.2 | |
| 44 | Latvia | 67.2 | -15.7 pts |
| 45 | Ukraine | 67 | -1.5 pts |
| 46 | Bahrain | 66.5 | -0.4 pts |
| 47 | Israel | 66.4 | -1.1 pts |
| 48 | Bulgaria | 65.8 | +0.5 pts |
| 49 | Samoa | 65.1 | +1.6 pts |
| 50 | Jordan | 64.7 | -0.3 pts |
| 51 | Brazil | 62.5 | +4.4 pts |
| 52 | Antigua and Barbuda | 61.9 | -5.8 pts |
| 53 | Bahamas | 61.8 | -4.2 pts |
| 54 | Bosnia and Herzegovina | 61.7 | +1.2 pts |
| 55 | Saint Kitts and Nevis | 59.2 | +0.8 pts |
| 56 | Aruba | 58.7 | +2.4 pts |
| 57 | Cape Verde | 58.6 | -1.4 pts |
| 58 | Tunisia | 57.9 | -0.1 pts |
| 59 | Macao | 57.6 | +1.4 pts |
| 60 | Kuwait | 55.7 | -5.1 pts |
| 61 | Montenegro | 55.3 | -0.5 pts |
| 62 | Dominica | 55.2 | +2.8 pts |
| 63 | Belgium | 54.5 | -0.5 pts |
| 64 | India | 51.9 | +0.6 pts |
| 65 | Türkiye | 51.6 | +2.8 pts |
| 66 | Saint Vincent and the Grenadines | 51.5 | +1.3 pts |
| 67 | Honduras | 51.3 | +4 pts |
| 68 | Hungary | 50.4 | -8 pts |
| 69 | Poland | 50.3 | -1.2 pts |
| 70 | Iran | 49.6 | +0.4 pts |
| 71 | El Salvador | 49.3 | -0.7 pts |
| 72 | Czechia | 49.1 | +1.1 pts |
| 73 | Nepal | 48.8 | +2.3 pts |
| 74 | North Macedonia | 48.1 | |
| 75 | Costa Rica | 47.5 | +1.4 pts |
| 76 | Lithuania | 46.8 | -3.1 pts |
| 77 | Belize | 46.5 | -1.1 pts |
| 78 | Slovakia | 46.2 | +0.2 pts |
| 79 | Serbia | 44.7 | +1.6 pts |
| 80 | Russia | 43.9 | +2.2 pts |
| 81 | Mongolia | 43.7 | +0.2 pts |
| 82 | Bangladesh | 43 | +0.5 pts |
| 83 | Bhutan | 42.3 | -0.8 pts |
| 84 | Albania | 41 | +0.2 pts |
| 85 | São Tomé and Príncipe | 41 | +1.3 pts |
| 86 | Armenia | 40.1 | +4.7 pts |
| 87 | Bolivia | 39 | +2.2 pts |
| 88 | Colombia | 37.7 | +2.8 pts |
| 89 | Qatar | 37.1 | -2.6 pts |
| 90 | Oman | 36.8 | +0.7 pts |
| 91 | Romania | 36 | -1.5 pts |
| 92 | Saudi Arabia | 35.6 | +1.9 pts |
| 93 | Georgia | 35.5 | +2.7 pts |
| 94 | Maldives | 35.1 | -7.3 pts |
| 95 | Peru | 34 | +1.7 pts |
| 96 | Sri Lanka | 34 | +0.3 pts |
| 97 | Moldova | 33.7 | +3.8 pts |
| 98 | Indonesia | 33.4 | +3.4 pts |
| 99 | Botswana | 32.9 | +5.1 pts |
| 100 | Guatemala | 32.2 | +8.2 pts |
| 101 | Philippines | 31.9 | +1.4 pts |
| 102 | Paraguay | 31.5 | +2.6 pts |
| 103 | Tonga | 30.6 | -2.4 pts |
| 104 | Cambodia | 30.5 | +7.9 pts |
| 105 | Jamaica | 29 | +2.2 pts |
| 106 | Djibouti | 28.9 | -2 pts |
| 107 | Guyana | 28.8 | +2.3 pts |
| 108 | Nicaragua | 28.7 | +2.5 pts |
| 109 | Ecuador | 28.4 | +0.9 pts |
| 110 | Brunei | 28 | -0.1 pts |
| 111 | Egypt | 27.4 | -3.8 pts |
| 112 | Trinidad and Tobago | 27 | -1.2 pts |
| 113 | Kenya | 26.4 | -1 pts |
| 114 | Mexico | 24.9 | +1.3 pts |
| 115 | Senegal | 24.4 | +0.6 pts |
| 116 | Suriname | 24.2 | +0.5 pts |
| 117 | Palestine | 24 | +1.1 pts |
| 118 | Venezuela | 23.9 | +3.4 pts |
| 119 | Papua New Guinea | 22.9 | +1.9 pts |
| 120 | Dominican Republic | 22.5 | -0.4 pts |
| 121 | Mozambique | 22.4 | +1.5 pts |
| 122 | Uruguay | 22.2 | +0.2 pts |
| 123 | Togo | 21.9 | +1.8 pts |
| 124 | Belarus | 21.8 | -16.2 pts |
| 125 | Seychelles | 20.9 | -1.5 pts |
| 126 | Burundi | 20.3 | -1.3 pts |
| 127 | Zimbabwe | 20.1 | +1.2 pts |
| 128 | Eswatini | 19.7 | -3.1 pts |
| 129 | Solomon Islands | 19.7 | +0.9 pts |
| 130 | Micronesia | 19.5 | -0.2 pts |
| 131 | Lesotho | 18.6 | +4.2 pts |
| 132 | Ghana | 18.1 | +0.9 pts |
| 133 | Mauritania | 16.8 | +0.2 pts |
| 134 | Burkina Faso | 16.6 | +1.3 pts |
| 135 | Mali | 16.4 | +1 pts |
| 136 | Eritrea | 16.2 | -1.4 pts |
| 137 | Rwanda | 16 | +2.5 pts |
| 138 | Zambia | 15.9 | +2.2 pts |
| 139 | Benin | 15.6 | -0.9 pts |
| 140 | Argentina | 15.2 | +1.2 pts |
| 141 | Pakistan | 15.2 | -1.6 pts |
| 142 | Tajikistan | 14.6 | -1.4 pts |
| 143 | Timor-Leste | 13.8 | +1.1 pts |
| 144 | Côte d’Ivoire | 13.7 | +0.5 pts |
| 145 | Kyrgyzstan | 13.4 | +1.9 pts |
| 146 | Algeria | 12.9 | +0.3 pts |
| 147 | Tanzania | 12.8 | +0.5 pts |
| 148 | Cameroon | 12.4 | +0.1 pts |
| 149 | Guinea-Bissau | 12.2 | +3.5 pts |
| 150 | Uganda | 12.2 | +0.5 pts |
| 151 | Comoros | 12.1 | +1.5 pts |
| 152 | Sudan | 11.9 | +2.7 pts |
| 153 | Gabon | 11.3 | +1.8 pts |
| 154 | Haiti | 10.8 | +2.3 pts |
| 155 | Central African Republic | 10.8 | +1.6 pts |
| 156 | Nigeria | 10.6 | -0.4 pts |
| 157 | Madagascar | 10.1 | -0.1 pts |
| 158 | Gambia | 10.1 | -0.3 pts |
| 159 | Liberia | 10 | -0.3 pts |
| 160 | Malawi | 10 | +0.4 pts |
| 161 | Niger | 10 | 0 pts |
| 162 | Libya | 9.3 | -4.8 pts |
| 163 | Myanmar | 9.3 | +2.6 pts |
| 164 | Republic of the Congo | 7.4 | +0.2 pts |
| 165 | Guinea | 5.9 | -0.9 pts |
| 166 | Iraq | 5.9 | +0.5 pts |
| 167 | Equatorial Guinea | 4.8 | -1.6 pts |
| 168 | Democratic Republic of the Congo | 4.7 | +0.8 pts |
| 169 | Yemen | 4.6 | -0.4 pts |
| 170 | Afghanistan | 4.5 | -0.5 pts |
| 171 | Chad | 4 | +0.5 pts |
| 172 | Sierra Leone | 3.4 | -1.2 pts |
| 173 | South Sudan | 1.1 | +0.6 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. 12 countries with data in other periods have no value for 2012 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, 2012) [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, 2012. 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?period=2012. 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, 2012. 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?period=2012.
Harvard
World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Countries by domestic credit to the private sector, 2012 [Dataset]. Available at: https://data.worldbank.org/indicator/FS.AST.PRVT.GD.ZS, via Invokely: https://invokely.ai/rankings/domestic-credit-private-sector/countries?period=2012 (Accessed: 12 October 2026).
BibTeX
@misc{world_countries_by_domestic_credit_2012,
author = {{World Bank}},
title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Countries by domestic credit to the private sector, 2012}},
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?period=2012. 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, 2012
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?period=2012
Y2 - 2026/10/12
N1 - Accessed via Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries?period=2012.
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?
Cyprus, with 249.2% of GDP in 2012, according to the World Bank.
Which country has the lowest domestic credit to the private sector?
South Sudan, with 1.1% of GDP in 2012.
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. 12 countries have no value for 2012 and are not ranked.