Data / Rankings / Household credit as a share of GDP / Countries

Countries by household credit as a share of GDP

Switzerland had the highest household credit as a share of GDP of 43 countries in Q3 2023, at 121.4% of GDP. Argentina had the lowest, at 3.9% of GDP. The median was 50.8% of GDP. Source: the Bank for International Settlements.

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Highest121.4Switzerland
Lowest3.9Argentina
Median50.843 countries

Map of countries, Q3 2023

Argentina: 3.9 % of GDPAustria: 45.2 % of GDPAustralia: 109.2 % of GDPBelgium: 57.1 % of GDPBrazil: 34.3 % of GDPCanada: 101.1 % of GDPSwitzerland: 121.4 % of GDPChile: 46 % of GDPChina: 60.8 % of GDPColombia: 27.31 % of GDPCzechia: 30.6 % of GDPGermany: 50.8 % of GDPDenmark: 85.4 % of GDPSpain: 47.2 % of GDPFinland: 64.7 % of GDPFrance: 63.3 % of GDPUnited Kingdom: 77.3 % of GDPGreece: 42 % of GDPHong Kong: 94.9 % of GDPHungary: 17.3 % of GDPIndonesia: 16.3 % of GDPIreland: 25.8 % of GDPIsrael: 42.8 % of GDPIndia: 43.3 % of GDPItaly: 37.5 % of GDPJapan: 62.8 % of GDPSouth Korea: 94.1 % of GDPLuxembourg: 67.1 % of GDPMexico: 16.2 % of GDPMalaysia: 68.4 % of GDPNetherlands: 98.7 % of GDPNorway: 82 % of GDPNew Zealand: 89.8 % of GDPPoland: 24 % of GDPPortugal: 55.2 % of GDPRussia: 22.2 % of GDPSaudi Arabia: 28.2 % of GDPSweden: 86.3 % of GDPSingapore: 45.5 % of GDPThailand: 91.7 % of GDPTürkiye: 11 % of GDPUnited States: 72.3 % of GDPSouth Africa: 34.3 % of GDP
  • Under 26
  • 26 to 42
  • 42 to 51
  • 51 to 67
  • 67 to 90
  • 90 and over
  • No data
% of GDP, Q3 2023. Hatched areas have no value for this period. Source: BIS, BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. Boundaries: Natural Earth (public domain).

All countries, Q3 2023

Switzerland: 121.4 % of GDPSwitzerland121.4Australia: 109.2 % of GDPAustralia109.2Canada: 101.1 % of GDPCanada101.1Netherlands: 98.7 % of GDPNetherlands98.7Hong Kong: 94.9 % of GDPHong Kong94.9South Korea: 94.1 % of GDPSouth Korea94.1Thailand: 91.7 % of GDPThailand91.7New Zealand: 89.8 % of GDPNew Zealand89.8Sweden: 86.3 % of GDPSweden86.3Denmark: 85.4 % of GDPDenmark85.4Norway: 82 % of GDPNorway82United Kingdom: 77.3 % of GDPUnited Kingdom77.3United States: 72.3 % of GDPUnited States72.3Malaysia: 68.4 % of GDPMalaysia68.4Luxembourg: 67.1 % of GDPLuxembourg67.1Finland: 64.7 % of GDPFinland64.7France: 63.3 % of GDPFrance63.3Japan: 62.8 % of GDPJapan62.8China: 60.8 % of GDPChina60.8Belgium: 57.1 % of GDPBelgium57.1Portugal: 55.2 % of GDPPortugal55.2Germany: 50.8 % of GDPGermany50.8Spain: 47.2 % of GDPSpain47.2Chile: 46 % of GDPChile46Singapore: 45.5 % of GDPSingapore45.5Austria: 45.2 % of GDPAustria45.2India: 43.3 % of GDPIndia43.3Israel: 42.8 % of GDPIsrael42.8Greece: 42 % of GDPGreece42Italy: 37.5 % of GDPItaly37.5Brazil: 34.3 % of GDPBrazil34.3South Africa: 34.3 % of GDPSouth Africa34.3Czechia: 30.6 % of GDPCzechia30.6Saudi Arabia: 28.2 % of GDPSaudi Arabia28.2Colombia: 27.31 % of GDPColombia27.31Ireland: 25.8 % of GDPIreland25.8Poland: 24 % of GDPPoland24Russia: 22.2 % of GDPRussia22.2Hungary: 17.3 % of GDPHungary17.3Indonesia: 16.3 % of GDPIndonesia16.3Mexico: 16.2 % of GDPMexico16.2Türkiye: 11 % of GDPTürkiye11Argentina: 3.9 % of GDPArgentina3.9Switzerland: 121.4 % of GDPSwitzerland121.4Australia: 109.2 % of GDPAustralia109.2Canada: 101.1 % of GDPCanada101.1Netherlands: 98.7 % of GDPNetherlands98.7Hong Kong: 94.9 % of GDPHong Kong94.9South Korea: 94.1 % of GDPSouth Korea94.1Thailand: 91.7 % of GDPThailand91.7New Zealand: 89.8 % of GDPNew Zealand89.8Sweden: 86.3 % of GDPSweden86.3Denmark: 85.4 % of GDPDenmark85.4Norway: 82 % of GDPNorway82United Kingdom: 77.3 % of GDPUnited Kingdom77.3United States: 72.3 % of GDPUnited States72.3Malaysia: 68.4 % of GDPMalaysia68.4Luxembourg: 67.1 % of GDPLuxembourg67.1Finland: 64.7 % of GDPFinland64.7France: 63.3 % of GDPFrance63.3Japan: 62.8 % of GDPJapan62.8China: 60.8 % of GDPChina60.8Belgium: 57.1 % of GDPBelgium57.1Portugal: 55.2 % of GDPPortugal55.2Germany: 50.8 % of GDPGermany50.8Spain: 47.2 % of GDPSpain47.2Chile: 46 % of GDPChile46Singapore: 45.5 % of GDPSingapore45.5Austria: 45.2 % of GDPAustria45.2India: 43.3 % of GDPIndia43.3Israel: 42.8 % of GDPIsrael42.8Greece: 42 % of GDPGreece42Italy: 37.5 % of GDPItaly37.5Brazil: 34.3 % of GDPBrazil34.3South Africa: 34.3 % of GDPSouth Africa34.3Czechia: 30.6 % of GDPCzechia30.6Saudi Arabia: 28.2 % of GDPSaudi Arabia28.2Colombia: 27.31 % of GDPColombia27.31Ireland: 25.8 % of GDPIreland25.8Poland: 24 % of GDPPoland24Russia: 22.2 % of GDPRussia22.2Hungary: 17.3 % of GDPHungary17.3Indonesia: 16.3 % of GDPIndonesia16.3Mexico: 16.2 % of GDPMexico16.2Türkiye: 11 % of GDPTürkiye11Argentina: 3.9 % of GDPArgentina3.9
% of GDP. Source: BIS, BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. Retrieved 2026-10-12.

Full ranking

RankCountriesQ3 2023
% of GDP		Change on Q3 2022
1Switzerland Estimated121.4-1.5 pts
2Australia Estimated109.2-2.9 pts
3Canada Estimated101.1-1 pts
4Netherlands Estimated98.7-5.2 pts
5Hong Kong Estimated94.9-0.4 pts
6South Korea Estimated94.1-3.2 pts
7Thailand Estimated91.7-0.9 pts
8New Zealand Estimated89.8-4.7 pts
9Sweden Estimated86.3-4.7 pts
10Denmark Estimated85.4-0.1 pts
11Norway Estimated82+9.2 pts
12United Kingdom Estimated77.3-4.1 pts
13United States Estimated72.3-2.8 pts
14Malaysia Estimated68.4+1.3 pts
15Luxembourg Estimated67.1-1.3 pts
16Finland Estimated64.7-2.6 pts
17France Estimated63.3-3 pts
18Japan Estimated62.8-1.8 pts
19China Estimated60.8+0.5 pts
20Belgium Estimated57.1-3.4 pts
21Portugal Estimated55.2-6.8 pts
22Germany Estimated50.8-2.9 pts
23Spain Estimated47.2-5.8 pts
24Chile Estimated46+0.2 pts
25Singapore Estimated45.5-0.1 pts
26Austria Estimated45.2-4.1 pts
27India Estimated43.3+1.5 pts
28Israel Estimated42.8-2 pts
29Greece Estimated42-8.4 pts
30Italy Estimated37.5-3 pts
31Brazil Estimated34.3+0.6 pts
31South Africa Estimated34.3+0.4 pts
33Czechia Estimated30.6-1.4 pts
34Saudi Arabia Estimated28.2+1.6 pts
35Colombia Estimated27.31-1.29 pts
36Ireland Estimated25.8-2.1 pts
37Poland Estimated24-4.2 pts
38Russia Estimated22.2+2.8 pts
39Hungary Estimated17.3-2 pts
40Indonesia Estimated16.30 pts
41Mexico Estimated16.2+0.2 pts
42Türkiye Estimated11+0.1 pts
43Argentina Estimated3.9-0.3 pts

Other periods

About this ranking

Quarter-end gross core debt of households and NPISHs from all lender sectors, divided by nominal GDP over the latest four quarters, in percent.

BIS core debt: loans and debt securities, plus currency and deposits for government. Includes domestic and foreign lenders. Households include non-profit institutions serving households; corporations include public and private non-financial corporations. Gross debt: financial assets are not deducted. Private sectors are unconsolidated; government is consolidated. Market valuation follows national sources; US private debt securities use face value. BIS break adjustments and some historical estimates are retained. Unlike World Bank domestic private credit, it excludes trade credit and covers all lender sectors. Not seasonally adjusted.

Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. Equal values share a rank.

How to cite

Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.

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

Bank for International Settlements. (n.d.). BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp (Countries by household credit as a share of GDP, 2023-Q3) [Data set]. Retrieved October 12, 2026, from https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1

MLA 9

BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp, Countries by household credit as a share of GDP, 2023-Q3. Bank for International Settlements, https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1. Invokely, https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. Countries by household credit as a share of GDP, 2023-Q3. Dataset. Accessed October 12, 2026. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1. Also distributed by Invokely, https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3.

Harvard

Bank for International Settlements (no date) BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp, Countries by household credit as a share of GDP, 2023-Q3 [Dataset]. Available at: https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1, via Invokely: https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3 (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_household_credit_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_TC: H.A.M.770.A, quarterly, household credit gdp: Countries by household credit as a share of GDP, 2023-Q3}},
  howpublished = {Data set},
  url = {https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_TC: H.A.M.770.A, quarterly, household credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS\_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv\&startPeriod=1970-Q1. Retrieved 2026-10-12.},
}
RIS
TY  - DATA
AU  - Bank for International Settlements
TI  - BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp: Countries by household credit as a share of GDP, 2023-Q3
PB  - Bank for International Settlements
DB  - Invokely
UR  - https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1
L2  - https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/household-credit-gdp/countries?period=2023-Q3.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. https://stats.bis.org/api/v2/data/dataflow/BIS/WS_TC/2.0/Q.AD+AE+AF+AG+AI+AL+AM+AO+AQ+AR+AS+AT+AU+AW+AX+AZ+BA+BB+BD+BE+BF+BG+BH+BI+BJ+BL+BM+BN+BO+BQ+BR+BS+BT+BV+BW+BY+BZ+CA+CC+CD+CF+CG+CH+CI+CK+CL+CM+CN+CO+CR+CU+CV+CW+CX+CY+CZ+DE+DJ+DK+DM+DO+DZ+EC+EE+EG+EH+ER+ES+ET+FI+FJ+FK+FM+FO+FR+GA+GB+GD+GE+GF+GG+GH+GI+GL+GM+GN+GP+GQ+GR+GS+GT+GU+GW+GY+HK+HM+HN+HR+HT+HU+ID+IE+IL+IM+IN+IO+IQ+IR+IS+IT+JE+JM+JO+JP+KE+KG+KH+KI+KM+KN+KP+KR+KW+KY+KZ+LA+LB+LC+LI+LK+LR+LS+LT+LU+LV+LY+MA+MC+MD+ME+MF+MG+MH+MK+ML+MM+MN+MO+MP+MQ+MR+MS+MT+MU+MV+MW+MX+MY+MZ+NA+NC+NE+NF+NG+NI+NL+NO+NP+NR+NU+NZ+OM+PA+PE+PF+PG+PH+PK+PL+PM+PN+PR+PS+PT+PW+PY+QA+RE+RO+RS+RU+RW+SA+SB+SC+SD+SE+SG+SH+SI+SJ+SK+SL+SM+SN+SO+SR+SS+ST+SV+SX+SY+SZ+TC+TD+TF+TG+TH+TJ+TK+TL+TM+TN+TO+TR+TT+TV+TW+TZ+UA+UG+UM+US+UY+UZ+VA+VC+VE+VG+VI+VN+VU+WF+WS+YE+YT+ZA+ZM+ZW.H.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
ER  -
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Rank Countries by household credit as a share of GDP using official data, and cite the source.
rank_places {"indicator":"household_credit_gdp","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=household_credit_gdp&level=country&limit=10

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Questions

Which country has the highest household credit as a share of GDP?

Switzerland, with 121.4% of GDP in Q3 2023, according to the Bank for International Settlements.

Which country has the lowest household credit as a share of GDP?

Argentina, with 3.9% of GDP in Q3 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Bank for International Settlements, BIS WS_TC: H.A.M.770.A, quarterly, household credit gdp. Retrieved 2026-10-12.

Household credit as a share of GDP: other rankings

Countries: more rankings