Countries by domestic credit to the private sector

Macao had the highest domestic credit to the private sector of 168 countries in 2020, at 269.8% of GDP. South Sudan had the lowest, at 1.9% of GDP. The median was 48.3% of GDP and the figure for the World was 144.9% of GDP. Source: the World Bank.

Highest269.8Macao

Lowest1.9South Sudan

Median48.3168 countries

World144.9History

Top 40 countries, 2020

% of GDP. Source: World Bank, Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS). Retrieved 2026-10-12.

Full ranking

Rank	Countries	2020 % of GDP	Change on 2019
1	Macao	269.8	+150 pts
2	Hong Kong	258.9	+22.2 pts
3	United States	217.3	+22.5 pts
4	Japan	189.5	+17.3 pts
5	China	179.1	+16.9 pts
6	Switzerland	167.1	+10.1 pts
7	Denmark	163.5	+1.6 pts
8	Thailand	160.2	+16.8 pts
9	New Zealand	159.3	+4 pts
10	Norway	157.3	+13.4 pts
11	South Korea	154.7	+12.1 pts
12	United Kingdom	145.6	+14.1 pts
13	Australia	141.7	+6 pts
14	Qatar	138.9	+38.2 pts
15	Sweden	138.5	+6.6 pts
16	Malaysia	133.8	+13.1 pts
17	Fiji	130.1	+25.9 pts
18	Singapore	128.4	+9.2 pts
19	France	125.4	+18.5 pts
20	Chile	123.5	+0.3 pts
21	Vietnam	115.5	+7.5 pts
22	Luxembourg	110.2	+1.2 pts
23	South Africa	109.1	-8.1 pts
24	Spain	107.6	+13.2 pts
25	Cyprus	106.5	-0.2 pts
26	Portugal	104.1	+10.7 pts
27	Cambodia	103.7	+19.4 pts
28	Finland	101.7	+5.8 pts
29	Netherlands	100.4	+1.7 pts
30	Panama	100.2	+16.8 pts
31	Iceland	98.4	+10.7 pts
32	Austria	93.1	+6.7 pts
33	Morocco	90.9	+9.5 pts
34	Mauritius	90.6	+13.6 pts
35	United Arab Emirates	88.8	+13.5 pts
36	Nepal	88.4	+9.5 pts
37	Samoa	87	+3.8 pts
38	Germany	83.8	+5.8 pts
39	Italy	82.7	+9.2 pts
40	Aruba	82.4	+22.8 pts
41	Greece	81.3	+1.1 pts
42	Georgia	79.1	+14 pts
43	Saint Lucia	77.4	+23.3 pts
44	Oman	76.6	+11.5 pts
45	Belgium	76.1	+6.8 pts
46	Barbados	75.9	+8.6 pts
47	Jordan	75.8	+5.4 pts
48	Türkiye	75.3	+11 pts
49	Malta	75.1	+5.6 pts
50	Namibia	72.8	+1.8 pts
51	Armenia	72.2	+12 pts
52	Honduras	71.2	+6.8 pts
53	Brazil	68.7	+5.9 pts
54	Cape Verde	68.5	+16.8 pts
55	Israel	67.9	+3.3 pts
56	Bolivia	67.9	+13 pts
57	Tunisia	67.7	+8.4 pts
58	Bhutan	67.6	+8.2 pts
59	Slovakia	65.6	+3.2 pts
60	El Salvador	65.3	+6.3 pts
61	Estonia	62.5	+4.2 pts
62	Saint Kitts and Nevis	61.5	+13 pts
63	Montenegro	60.6	+11 pts
64	Costa Rica	59.7	+3.9 pts
65	Russia	59.6	+7 pts
66	Grenada	59.4	+9.9 pts
67	Croatia	59.1	+6.2 pts
68	Bosnia and Herzegovina	57.7	+0.5 pts
69	North Macedonia	55.8	+4.5 pts
70	Peru	55.3	+10.6 pts
71	Belize	55.1	+9.1 pts
72	Vanuatu	53.8	+1.7 pts
73	Antigua and Barbuda	53.8	+11.8 pts
74	Maldives	53.4	+21.8 pts
75	Jamaica	52.4	+7.5 pts
76	Palestine	52.2	+7.3 pts
77	Philippines	52	+4.1 pts
78	Colombia	52	+6 pts
79	Czechia	52	+2.5 pts
80	Bulgaria	51.3	+1.5 pts
81	Dominica	50.8	+12.4 pts
82	Paraguay	50.6	+3 pts
83	Poland	49.3	-1 pts
84	Ecuador	49.1	+6.4 pts
85	Saint Vincent and the Grenadines	47.5	+3.9 pts
86	Trinidad and Tobago	46.5	+5 pts
87	Mongolia	45.8	-3.1 pts
88	Slovenia	43.6	+0.9 pts
89	Serbia	43.4	+3.3 pts
90	India	40.8	+2 pts
91	Botswana	39.7	+3.8 pts
92	Brunei	39.7	+4 pts
93	Guyana	39.2	+2.1 pts
94	Bangladesh	39.2	+0.1 pts
95	Indonesia	38.7	+0.3 pts
96	Tonga	37.8	-0.4 pts
97	Albania	37.7	+4 pts
98	Hungary	37.6	+4.5 pts
99	Lithuania	37	-1.7 pts
100	Mexico	36.9	+1.3 pts
101	Guatemala	35.9	+1.8 pts
102	Latvia	34.7	-1 pts
103	Solomon Islands	32.6	+1.8 pts
104	Belarus	32.5	+3.7 pts
105	Ireland	32.3	-3.7 pts
106	Kenya	32.1	+1.3 pts
107	Dominican Republic	30.6	+2.5 pts
108	Uzbekistan	30.5	+5.7 pts
109	Nicaragua	29.8	-2.4 pts
110	Senegal	29.3	-0.2 pts
111	Myanmar	29	+2.3 pts
112	Moldova	28.7	+3.4 pts
113	Burkina Faso	28.7	+0.3 pts
114	Ukraine	28.2	-1.9 pts
115	Uruguay	27.9	+2.6 pts
116	Togo	26.9	-0.7 pts
117	Kyrgyzstan	26.6	+3.3 pts
118	Algeria	26.1	+3.2 pts
119	Azerbaijan	26	+3 pts
120	Romania	25.9	+1.1 pts
121	Egypt	25.8	+2.9 pts
122	Kazakhstan	25.6	+1.4 pts
123	Rwanda	24.3	+3.2 pts
124	Suriname	24.2	+1.1 pts
125	Micronesia	24.2	+1.4 pts
126	Mozambique	23.9	+2.6 pts
127	Lesotho	21.9	+0.6 pts
128	Mali	21.9	+1.3 pts
129	Libya	21.8	+7.2 pts
130	Djibouti	21.2	-1.2 pts
131	Eswatini	21	+0.7 pts
132	Côte d’Ivoire	20.6	+1.5 pts
133	São Tomé and Príncipe	19.9	-2.6 pts
134	Burundi	19.6	+1.1 pts
135	Papua New Guinea	18.8	+0.8 pts
136	Madagascar	16.4	+2.2 pts
137	Argentina	15.7	+1.3 pts
138	Republic of the Congo	15.6	+2.9 pts
139	Benin	15.5	-2.1 pts
140	Zambia	15.2	-0.5 pts
141	Pakistan	15	-0.7 pts
142	Comoros	15	-0.5 pts
143	Uganda	14.2	+0.4 pts
144	Guinea-Bissau	13.6	+0.3 pts
145	Timor-Leste	13.4	+0.5 pts
146	Liberia	13.4	-0.9 pts
147	Iraq	13.3	+4.5 pts
148	Ghana	13.1	-0.9 pts
149	Tajikistan	13	+1.4 pts
150	Equatorial Guinea	12.9	-2.4 pts
151	Tanzania	12.4	-0.2 pts
152	Niger	11.8	+0.1 pts
153	Central African Republic	11.7	-0 pts
154	Angola	11.4	-2 pts
155	Guinea	10	-0.3 pts
156	Nigeria	8.8	+0.8 pts
157	Haiti	8.6	-1.8 pts
158	Gambia	8.2	-0 pts
159	Sudan	7.9	-1.3 pts
160	Malawi	7.9	+0.6 pts
161	Democratic Republic of the Congo	7.8	+1.1 pts
162	Chad	7.2	-0.3 pts
163	Kuwait	6	-86 pts
164	Zimbabwe	3.6	+0.2 pts
165	Sierra Leone	3.6	-0.2 pts
166	Afghanistan	3.1	-0.1 pts
167	Somalia	2.6	+0.2 pts
168	South Sudan	1.9	+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. 17 countries with data in other periods have no value for 2020 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, 2020) [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, 2020. 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=2020. 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, 2020. 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=2020.

Harvard

World Bank (2026) Domestic credit to private sector (% of GDP) (FS.AST.PRVT.GD.ZS), Countries by domestic credit to the private sector, 2020 [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=2020 (Accessed: 12 October 2026).

BibTeX

@misc{world_countries_by_domestic_credit_2020,
  author = {{World Bank}},
  title = {{Domestic credit to private sector (\% of GDP) (FS.AST.PRVT.GD.ZS): Countries by domestic credit to the private sector, 2020}},
  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=2020. 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, 2020
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=2020
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/domestic-credit-private-sector/countries?period=2020.
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 269.8% of GDP in 2020, according to the World Bank.

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

South Sudan, with 1.9% of GDP in 2020.

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. 17 countries have no value for 2020 and are not ranked.

Domestic credit to the private sector: other rankings

EU countries