Data / Rankings / Domestic credit to the private sector / Countries

Countries by domestic credit to the private sector

Hong Kong had the highest domestic credit to the private sector of 172 countries in 2019, at 236.7% of GDP. South Sudan had the lowest, at 1.7% of GDP. The median was 42.3% of GDP and the figure for the World was 129.5% of GDP. Source: the World Bank.

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Highest236.7Hong Kong
Lowest1.7South Sudan
Median42.3172 countries
World129.5History

Map of countries, 2019

United Arab Emirates: 75.3 % of GDPAfghanistan: 3.2 % of GDPAntigua and Barbuda: 41.9 % of GDPAlbania: 33.7 % of GDPArmenia: 60.2 % of GDPAngola: 13.4 % of GDPArgentina: 14.5 % of GDPAustria: 86.3 % of GDPAustralia: 135.7 % of GDPAzerbaijan: 23 % of GDPBosnia and Herzegovina: 57.2 % of GDPBangladesh: 39 % of GDPBelgium: 69.4 % of GDPBurkina Faso: 28.3 % of GDPBulgaria: 49.8 % of GDPBurundi: 18.6 % of GDPBenin: 17.6 % of GDPBrunei: 35.7 % of GDPBolivia: 54.9 % of GDPBrazil: 62.8 % of GDPBhutan: 59.4 % of GDPBotswana: 35.9 % of GDPBelarus: 28.8 % of GDPBelize: 46 % of GDPDemocratic Republic of the Congo: 6.6 % of GDPCentral African Republic: 11.7 % of GDPRepublic of the Congo: 12.6 % of GDPSwitzerland: 157 % of GDPCôte d’Ivoire: 19 % of GDPChile: 123.2 % of GDPCameroon: 14.1 % of GDPChina: 162.2 % of GDPColombia: 46 % of GDPCosta Rica: 55.9 % of GDPCape Verde: 51.6 % of GDPCyprus: 106.7 % of GDPCzechia: 49.4 % of GDPGermany: 78 % of GDPDjibouti: 22.4 % of GDPDenmark: 161.9 % of GDPDominican Republic: 28.1 % of GDPAlgeria: 22.9 % of GDPEcuador: 42.7 % of GDPEstonia: 58.2 % of GDPEgypt: 22.8 % of GDPSpain: 94.4 % of GDPFinland: 95.9 % of GDPFiji: 104.1 % of GDPFrance: 106.9 % of GDPGabon: 13.4 % of GDPUnited Kingdom: 131.4 % of GDPGeorgia: 65 % of GDPGhana: 13.9 % of GDPGambia: 8.2 % of GDPGuinea: 10.3 % of GDPEquatorial Guinea: 15.2 % of GDPGreece: 80.2 % of GDPGuatemala: 34.1 % of GDPGuinea-Bissau: 13.3 % of GDPGuyana: 37.1 % of GDPHong Kong: 236.7 % of GDPHonduras: 64.5 % of GDPCroatia: 52.9 % of GDPHaiti: 10.4 % of GDPHungary: 33.2 % of GDPIndonesia: 38.4 % of GDPIreland: 36.1 % of GDPIsrael: 64.7 % of GDPIndia: 38.7 % of GDPIraq: 8.8 % of GDPIceland: 87.7 % of GDPItaly: 73.4 % of GDPJamaica: 44.9 % of GDPJordan: 70.4 % of GDPJapan: 172.2 % of GDPKenya: 30.8 % of GDPKyrgyzstan: 23.3 % of GDPCambodia: 84.3 % of GDPSouth Korea: 142.7 % of GDPKuwait: 92 % of GDPKazakhstan: 24.3 % of GDPSri Lanka: 47 % of GDPLiberia: 14.3 % of GDPLesotho: 21.3 % of GDPLithuania: 38.7 % of GDPLuxembourg: 109 % of GDPLatvia: 35.7 % of GDPLibya: 14.6 % of GDPMorocco: 81.5 % of GDPMoldova: 25.3 % of GDPMontenegro: 49.5 % of GDPMadagascar: 14.2 % of GDPNorth Macedonia: 51.3 % of GDPMali: 20.7 % of GDPMyanmar: 26.6 % of GDPMongolia: 48.9 % of GDPMauritania: 22.7 % of GDPMauritius: 77 % of GDPMalawi: 7.2 % of GDPMexico: 35.6 % of GDPMalaysia: 120.7 % of GDPMozambique: 21.3 % of GDPNamibia: 71 % of GDPNiger: 11.6 % of GDPNigeria: 7.9 % of GDPNicaragua: 32.2 % of GDPNetherlands: 98.6 % of GDPNorway: 143.9 % of GDPNepal: 78.9 % of GDPNew Zealand: 155.3 % of GDPOman: 65.1 % of GDPPanama: 83.3 % of GDPPeru: 44.7 % of GDPPapua New Guinea: 18.1 % of GDPPhilippines: 48 % of GDPPakistan: 15.7 % of GDPPoland: 50.2 % of GDPPalestine: 44.9 % of GDPPortugal: 93.4 % of GDPParaguay: 47.7 % of GDPQatar: 100.6 % of GDPRomania: 24.7 % of GDPSerbia: 40.2 % of GDPRussia: 52.6 % of GDPRwanda: 21.1 % of GDPSolomon Islands: 30.7 % of GDPSudan: 9.2 % of GDPSweden: 131.8 % of GDPSingapore: 119.3 % of GDPSlovenia: 42.7 % of GDPSlovakia: 62.5 % of GDPSierra Leone: 3.9 % of GDPSenegal: 29.5 % of GDPSomalia: 2.4 % of GDPSuriname: 23.1 % of GDPSouth Sudan: 1.7 % of GDPEl Salvador: 59.1 % of GDPEswatini: 20.2 % of GDPChad: 7.5 % of GDPTogo: 27.6 % of GDPThailand: 143.4 % of GDPTajikistan: 11.6 % of GDPTimor-Leste: 13 % of GDPTunisia: 59.3 % of GDPTürkiye: 64.3 % of GDPTrinidad and Tobago: 41.4 % of GDPTanzania: 12.6 % of GDPUkraine: 30 % of GDPUganda: 13.8 % of GDPUnited States: 194.7 % of GDPUruguay: 25.3 % of GDPUzbekistan: 24.8 % of GDPVietnam: 108 % of GDPVanuatu: 52.1 % of GDPSamoa: 83.3 % of GDPSouth Africa: 117.2 % of GDPZambia: 15.6 % of GDPZimbabwe: 3.4 % of GDP
  • Under 14
  • 14 to 25
  • 25 to 42
  • 42 to 59
  • 59 to 93
  • 93 and over
  • No data
% of GDP, 2019. Hatched areas have no value for this period. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Boundaries: Natural Earth (public domain).

Top 40 countries, 2019

Hong Kong: 236.7 % of GDPHong Kong236.7United States: 194.7 % of GDPUnited States194.7Japan: 172.2 % of GDPJapan172.2China: 162.2 % of GDPChina162.2Denmark: 161.9 % of GDPDenmark161.9Switzerland: 157 % of GDPSwitzerland157New Zealand: 155.3 % of GDPNew Zealand155.3Norway: 143.9 % of GDPNorway143.9Thailand: 143.4 % of GDPThailand143.4South Korea: 142.7 % of GDPSouth Korea142.7Australia: 135.7 % of GDPAustralia135.7Sweden: 131.8 % of GDPSweden131.8United Kingdom: 131.4 % of GDPUnited Kingdom131.4Chile: 123.2 % of GDPChile123.2Malaysia: 120.7 % of GDPMalaysia120.7Macao: 119.8 % of GDPMacao119.8Singapore: 119.3 % of GDPSingapore119.3South Africa: 117.2 % of GDPSouth Africa117.2Luxembourg: 109 % of GDPLuxembourg109Vietnam: 108 % of GDPVietnam108France: 106.9 % of GDPFrance106.9Cyprus: 106.7 % of GDPCyprus106.7Fiji: 104.1 % of GDPFiji104.1Qatar: 100.6 % of GDPQatar100.6Netherlands: 98.6 % of GDPNetherlands98.6Finland: 95.9 % of GDPFinland95.9Spain: 94.4 % of GDPSpain94.4Portugal: 93.4 % of GDPPortugal93.4Kuwait: 92 % of GDPKuwait92Iceland: 87.7 % of GDPIceland87.7Austria: 86.3 % of GDPAustria86.3Cambodia: 84.3 % of GDPCambodia84.3Panama: 83.3 % of GDPPanama83.3Samoa: 83.3 % of GDPSamoa83.3Morocco: 81.5 % of GDPMorocco81.5Greece: 80.2 % of GDPGreece80.2Nepal: 78.9 % of GDPNepal78.9Germany: 78 % of GDPGermany78Mauritius: 77 % of GDPMauritius77United Arab Emirates: 75.3 % of GDPUnited Arab Emirates75.3Hong Kong: 236.7 % of GDPHong Kong236.7United States: 194.7 % of GDPUnited States194.7Japan: 172.2 % of GDPJapan172.2China: 162.2 % of GDPChina162.2Denmark: 161.9 % of GDPDenmark161.9Switzerland: 157 % of GDPSwitzerland157New Zealand: 155.3 % of GDPNew Zealand155.3Norway: 143.9 % of GDPNorway143.9Thailand: 143.4 % of GDPThailand143.4South Korea: 142.7 % of GDPSouth Korea142.7Australia: 135.7 % of GDPAustralia135.7Sweden: 131.8 % of GDPSweden131.8United Kingdom: 131.4 % of GDPUnited Kingdom131.4Chile: 123.2 % of GDPChile123.2Malaysia: 120.7 % of GDPMalaysia120.7Macao: 119.8 % of GDPMacao119.8Singapore: 119.3 % of GDPSingapore119.3South Africa: 117.2 % of GDPSouth Africa117.2Luxembourg: 109 % of GDPLuxembourg109Vietnam: 108 % of GDPVietnam108France: 106.9 % of GDPFrance106.9Cyprus: 106.7 % of GDPCyprus106.7Fiji: 104.1 % of GDPFiji104.1Qatar: 100.6 % of GDPQatar100.6Netherlands: 98.6 % of GDPNetherlands98.6Finland: 95.9 % of GDPFinland95.9Spain: 94.4 % of GDPSpain94.4Portugal: 93.4 % of GDPPortugal93.4Kuwait: 92 % of GDPKuwait92Iceland: 87.7 % of GDPIceland87.7Austria: 86.3 % of GDPAustria86.3Cambodia: 84.3 % of GDPCambodia84.3Panama: 83.3 % of GDPPanama83.3Samoa: 83.3 % of GDPSamoa83.3Morocco: 81.5 % of GDPMorocco81.5Greece: 80.2 % of GDPGreece80.2Nepal: 78.9 % of GDPNepal78.9Germany: 78 % of GDPGermany78Mauritius: 77 % of GDPMauritius77United Arab Emirates: 75.3 % of GDPUnited Arab Emirates75.3
% of GDP. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12.

Full ranking

RankCountries2019
% of GDP		Change on 2018
1Hong Kong236.7+16.8 pts
2United States194.7+11.7 pts
3Japan172.2+7.9 pts
4China162.2+7.2 pts
5Denmark161.9-0.1 pts
6Switzerland157+3.3 pts
7New Zealand155.3+2 pts
8Norway143.9+6.1 pts
9Thailand143.4-0.7 pts
10South Korea142.7+9.1 pts
11Australia135.7-3.8 pts
12Sweden131.8-1.4 pts
13United Kingdom131.4-1.3 pts
14Chile123.2+7.1 pts
15Malaysia120.7+0.4 pts
16Macao119.8+5.9 pts
17Singapore119.3+1.8 pts
18South Africa117.2-1.2 pts
19Luxembourg109+3.5 pts
20Vietnam108+2.8 pts
21France106.9+2.3 pts
22Cyprus106.7-28.6 pts
23Fiji104.1+11.3 pts
24Qatar100.6+20.2 pts
25Netherlands98.6-5.1 pts
26Finland95.9+1 pts
27Spain94.4-4.4 pts
28Portugal93.4-3.7 pts
29Kuwait92+1.3 pts
30Iceland87.7-1.8 pts
31Austria86.3+1.4 pts
32Cambodia84.3+10.5 pts
33Panama83.3-0.6 pts
34Samoa83.3+1.7 pts
35Morocco81.5+2.5 pts
36Greece80.2-11 pts
37Nepal78.9+2.6 pts
38Germany78+1.3 pts
39Mauritius77+2.8 pts
40United Arab Emirates75.3+1.3 pts
41Italy73.4-3 pts
42Namibia71+5.1 pts
43Jordan70.4+1.2 pts
44Malta69.5+0.4 pts
45Belgium69.4+1.2 pts
46Barbados67.3-1.2 pts
47Oman65.1+4.1 pts
48Georgia65+5.5 pts
49Israel64.7-0.9 pts
50Honduras64.5+1.6 pts
51Türkiye64.3-2.4 pts
52Brazil62.8+2.6 pts
53Slovakia62.5+1 pts
54Armenia60.2+4.7 pts
55Aruba59.6+3.7 pts
56Bhutan59.4+4.5 pts
57Tunisia59.3-4.2 pts
58El Salvador59.1+1.8 pts
59Estonia58.2-2.5 pts
60Bosnia and Herzegovina57.2+0.5 pts
61Costa Rica55.9-4.3 pts
62Bolivia54.9+2.8 pts
63Saint Lucia54.1-1.8 pts
64Croatia52.9-1.3 pts
65Russia52.6+1.3 pts
66Vanuatu52.1-2.3 pts
67Cape Verde51.6-2 pts
68North Macedonia51.3+1 pts
69Poland50.2-1.7 pts
70Bulgaria49.8-0.7 pts
71Grenada49.5-1.1 pts
72Montenegro49.5-0.7 pts
73Czechia49.4-1.3 pts
74Mongolia48.9-6.5 pts
75Saint Kitts and Nevis48.5-0.7 pts
76Philippines48+0.4 pts
77Paraguay47.7+3.1 pts
78Sri Lanka47+0.3 pts
79Colombia46+0.2 pts
80Belize46+0.6 pts
81Palestine44.9+0.1 pts
82Jamaica44.9+4.6 pts
83Peru44.7+0.8 pts
84Saint Vincent and the Grenadines43.6-0.8 pts
85Slovenia42.7-1 pts
86Ecuador42.7+4.4 pts
87Antigua and Barbuda41.9+0.3 pts
88Trinidad and Tobago41.4+2.5 pts
89Serbia40.2+0.4 pts
90Bangladesh39-1 pts
91Lithuania38.7-1.3 pts
92India38.7-0.2 pts
93Indonesia38.4-0.4 pts
94Dominica38.4-3.3 pts
95Tonga38.2-1.1 pts
96Guyana37.1+0.5 pts
97Ireland36.1-3.7 pts
98Botswana35.9+1.2 pts
99Latvia35.7-2.2 pts
100Brunei35.7+0.7 pts
101Mexico35.6+2 pts
102Guatemala34.1-1 pts
103Albania33.7+1.2 pts
104Hungary33.2+0.9 pts
105Nicaragua32.2-7.6 pts
106Maldives31.5+0.5 pts
107Kenya30.8-0.4 pts
108Solomon Islands30.70 pts
109Ukraine30-4.5 pts
110Senegal29.5-0 pts
111Belarus28.8+1.2 pts
112Burkina Faso28.3+1.2 pts
113Dominican Republic28.1+0.7 pts
114Togo27.6-0.2 pts
115Myanmar26.6+0.4 pts
116Moldova25.3+1.7 pts
117Uruguay25.3+0.4 pts
118Uzbekistan24.8+5.2 pts
119Romania24.7-1 pts
120Kazakhstan24.3-1.7 pts
121Kyrgyzstan23.3-0.1 pts
122Suriname23.1-1.2 pts
123Azerbaijan23+2.2 pts
124Algeria22.9+0.5 pts
125Egypt22.8-1.4 pts
126Micronesia22.8+2.6 pts
127Mauritania22.7+0.7 pts
128São Tomé and Príncipe22.5-2.3 pts
129Djibouti22.4+0.7 pts
130Lesotho21.3+1.2 pts
131Mozambique21.3-0.9 pts
132Rwanda21.1-0.3 pts
133Mali20.7-0.8 pts
134Eswatini20.2-0.8 pts
135Côte d’Ivoire19-0.2 pts
136Burundi18.6+2.1 pts
137Papua New Guinea18.1-0.7 pts
138Benin17.6+0.9 pts
139Pakistan15.7-0.9 pts
140Zambia15.6+0.7 pts
141Comoros15.5-0.3 pts
142Equatorial Guinea15.2+1.1 pts
143Libya14.6+1.8 pts
144Argentina14.5n/a
145Liberia14.3-2.7 pts
146Madagascar14.2+1.2 pts
147Cameroon14.1-0.6 pts
148Ghana13.9+0.2 pts
149Uganda13.8+0.2 pts
150Angola13.4+0.3 pts
151Gabon13.4+0.3 pts
152Guinea-Bissau13.3-0.5 pts
153Timor-Leste13-3.1 pts
154Republic of the Congo12.6-0.4 pts
155Tanzania12.6-0.1 pts
156Central African Republic11.7-0.6 pts
157Niger11.6+1.4 pts
158Tajikistan11.6-0.4 pts
159Haiti10.4-0.8 pts
160Guinea10.3+0.6 pts
161Sudan9.2-0.2 pts
162Iraq8.8+0.2 pts
163Gambia8.2+1.1 pts
164Nigeria7.9-2.3 pts
165Chad7.5-0.7 pts
166Malawi7.2+0.4 pts
167Democratic Republic of the Congo6.6+0.7 pts
168Sierra Leone3.9+0.2 pts
169Zimbabwe3.4-2.4 pts
170Afghanistan3.2-0.3 pts
171Somalia2.4+0.1 pts
172South Sudan1.7+0.2 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. 13 countries with data in other periods have no value for 2019 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, 2019) [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, 2019. 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=2019. 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, 2019. 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=2019.

Harvard

World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Countries by domestic credit to the private sector, 2019 [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=2019 (Accessed: 12 October 2026).

BibTeX
@misc{world_countries_by_domestic_credit_2019,
  author = {{World Bank}},
  title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Countries by domestic credit to the private sector, 2019}},
  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=2019. 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, 2019
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=2019
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries?period=2019.
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?

Hong Kong, with 236.7% of GDP in 2019, according to the World Bank.

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

South Sudan, with 1.7% of GDP in 2019.

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. 13 countries have no value for 2019 and are not ranked.

Domestic credit to the private sector: other rankings

Countries: more rankings