Data / Rankings / Non-financial corporate credit as a share of GDP / Countries

Countries by non-financial corporate credit as a share of GDP, Q1 2026

Luxembourg had the highest non-financial corporate credit as a share of GDP of 43 countries in Q1 2026, at 395.9% of GDP. Argentina had the lowest, at 21.1% of GDP. The median was 76.9% of GDP. Source: the Bank for International Settlements.

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Highest395.9Luxembourg
Lowest21.1Argentina
Median76.943 countries

Map of countries, Q1 2026

Argentina: 21.1 % of GDPAustria: 85.2 % of GDPAustralia: 61.7 % of GDPBelgium: 116.6 % of GDPBrazil: 54.6 % of GDPCanada: 118.8 % of GDPSwitzerland: 130.3 % of GDPChile: 86.9 % of GDPChina: 146.6 % of GDPColombia: 29.2 % of GDPCzechia: 54.6 % of GDPGermany: 86.9 % of GDPDenmark: 136.7 % of GDPSpain: 76.9 % of GDPFinland: 111.6 % of GDPFrance: 155.2 % of GDPUnited Kingdom: 55.8 % of GDPGreece: 59.2 % of GDPHong Kong: 249.6 % of GDPHungary: 70.8 % of GDPIndonesia: 24.6 % of GDPIreland: 103 % of GDPIsrael: 73.9 % of GDPIndia: 56 % of GDPItaly: 58.3 % of GDPJapan: 112.9 % of GDPSouth Korea: 106.4 % of GDPLuxembourg: 395.9 % of GDPMexico: 21.2 % of GDPMalaysia: 89.4 % of GDPNetherlands: 168.8 % of GDPNorway: 136.4 % of GDPNew Zealand: 69.5 % of GDPPoland: 35 % of GDPPortugal: 74.3 % of GDPRussia: 83.7 % of GDPSaudi Arabia: 46.5 % of GDPSweden: 154.1 % of GDPSingapore: 123.7 % of GDPThailand: 69.2 % of GDPTürkiye: 39 % of GDPUnited States: 72.5 % of GDPSouth Africa: 33.6 % of GDP
  • Under 47
  • 47 to 62
  • 62 to 77
  • 77 to 110
  • 110 to 140
  • 140 and over
  • No data
% of GDP, Q1 2026. Hatched areas have no value for this period. Source: BIS, BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Boundaries: Natural Earth (public domain).

All countries, Q1 2026

Luxembourg: 395.9 % of GDPLuxembourg395.9Hong Kong: 249.6 % of GDPHong Kong249.6Netherlands: 168.8 % of GDPNetherlands168.8France: 155.2 % of GDPFrance155.2Sweden: 154.1 % of GDPSweden154.1China: 146.6 % of GDPChina146.6Denmark: 136.7 % of GDPDenmark136.7Norway: 136.4 % of GDPNorway136.4Switzerland: 130.3 % of GDPSwitzerland130.3Singapore: 123.7 % of GDPSingapore123.7Canada: 118.8 % of GDPCanada118.8Belgium: 116.6 % of GDPBelgium116.6Japan: 112.9 % of GDPJapan112.9Finland: 111.6 % of GDPFinland111.6South Korea: 106.4 % of GDPSouth Korea106.4Ireland: 103 % of GDPIreland103Malaysia: 89.4 % of GDPMalaysia89.4Chile: 86.9 % of GDPChile86.9Germany: 86.9 % of GDPGermany86.9Austria: 85.2 % of GDPAustria85.2Russia: 83.7 % of GDPRussia83.7Spain: 76.9 % of GDPSpain76.9Portugal: 74.3 % of GDPPortugal74.3Israel: 73.9 % of GDPIsrael73.9United States: 72.5 % of GDPUnited States72.5Hungary: 70.8 % of GDPHungary70.8New Zealand: 69.5 % of GDPNew Zealand69.5Thailand: 69.2 % of GDPThailand69.2Australia: 61.7 % of GDPAustralia61.7Greece: 59.2 % of GDPGreece59.2Italy: 58.3 % of GDPItaly58.3India: 56 % of GDPIndia56United Kingdom: 55.8 % of GDPUnited Kingdom55.8Brazil: 54.6 % of GDPBrazil54.6Czechia: 54.6 % of GDPCzechia54.6Saudi Arabia: 46.5 % of GDPSaudi Arabia46.5Türkiye: 39 % of GDPTürkiye39Poland: 35 % of GDPPoland35South Africa: 33.6 % of GDPSouth Africa33.6Colombia: 29.2 % of GDPColombia29.2Indonesia: 24.6 % of GDPIndonesia24.6Mexico: 21.2 % of GDPMexico21.2Argentina: 21.1 % of GDPArgentina21.1Luxembourg: 395.9 % of GDPLuxembourg395.9Hong Kong: 249.6 % of GDPHong Kong249.6Netherlands: 168.8 % of GDPNetherlands168.8France: 155.2 % of GDPFrance155.2Sweden: 154.1 % of GDPSweden154.1China: 146.6 % of GDPChina146.6Denmark: 136.7 % of GDPDenmark136.7Norway: 136.4 % of GDPNorway136.4Switzerland: 130.3 % of GDPSwitzerland130.3Singapore: 123.7 % of GDPSingapore123.7Canada: 118.8 % of GDPCanada118.8Belgium: 116.6 % of GDPBelgium116.6Japan: 112.9 % of GDPJapan112.9Finland: 111.6 % of GDPFinland111.6South Korea: 106.4 % of GDPSouth Korea106.4Ireland: 103 % of GDPIreland103Malaysia: 89.4 % of GDPMalaysia89.4Chile: 86.9 % of GDPChile86.9Germany: 86.9 % of GDPGermany86.9Austria: 85.2 % of GDPAustria85.2Russia: 83.7 % of GDPRussia83.7Spain: 76.9 % of GDPSpain76.9Portugal: 74.3 % of GDPPortugal74.3Israel: 73.9 % of GDPIsrael73.9United States: 72.5 % of GDPUnited States72.5Hungary: 70.8 % of GDPHungary70.8New Zealand: 69.5 % of GDPNew Zealand69.5Thailand: 69.2 % of GDPThailand69.2Australia: 61.7 % of GDPAustralia61.7Greece: 59.2 % of GDPGreece59.2Italy: 58.3 % of GDPItaly58.3India: 56 % of GDPIndia56United Kingdom: 55.8 % of GDPUnited Kingdom55.8Brazil: 54.6 % of GDPBrazil54.6Czechia: 54.6 % of GDPCzechia54.6Saudi Arabia: 46.5 % of GDPSaudi Arabia46.5Türkiye: 39 % of GDPTürkiye39Poland: 35 % of GDPPoland35South Africa: 33.6 % of GDPSouth Africa33.6Colombia: 29.2 % of GDPColombia29.2Indonesia: 24.6 % of GDPIndonesia24.6Mexico: 21.2 % of GDPMexico21.2Argentina: 21.1 % of GDPArgentina21.1
% of GDP. Source: BIS, BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Retrieved 2026-10-12.

Full ranking

RankCountriesQ1 2026
% of GDP		Change on Q1 2025
1Luxembourg Estimated395.9+10 pts
2Hong Kong Estimated249.6+6.7 pts
3Netherlands Estimated168.8-6.4 pts
4France Estimated155.2+1.2 pts
5Sweden Estimated154.1+1.2 pts
6China Estimated146.6+4.9 pts
7Denmark Estimated136.7+3.7 pts
8Norway Estimated136.4+1.7 pts
9Switzerland Estimated130.3-2.1 pts
10Singapore Estimated123.7+2.9 pts
11Canada Estimated118.8+0.2 pts
12Belgium Estimated116.6-3.9 pts
13Japan Estimated112.9+3.4 pts
14Finland Estimated111.6-3.3 pts
15South Korea Estimated106.4-4.5 pts
16Ireland Estimated103-11.5 pts
17Malaysia Estimated89.4+2.1 pts
18Chile Estimated86.9-4.5 pts
18Germany Estimated86.9-0.9 pts
20Austria Estimated85.2-2.1 pts
21Russia Estimated83.7+5.8 pts
22Spain Estimated76.9-3.3 pts
23Portugal Estimated74.3-3.3 pts
24Israel Estimated73.9+4.4 pts
25United States Estimated72.5-0.5 pts
26Hungary Estimated70.8-4.1 pts
27New Zealand Estimated69.5-0.8 pts
28Thailand Estimated69.2-12 pts
29Australia Estimated61.7-0.1 pts
30Greece Estimated59.2+2.1 pts
31Italy Estimated58.3-0.5 pts
32India Estimated56+4.8 pts
33United Kingdom Estimated55.8-2.5 pts
34Brazil Estimated54.6-0.2 pts
34Czechia Estimated54.6-0.7 pts
36Saudi Arabia Estimated46.5+3.5 pts
37Türkiye Estimated39+0.4 pts
38Poland Estimated35+0.2 pts
39South Africa Estimated33.6+0.2 pts
40Colombia Estimated29.2+0.51 pts
41Indonesia Estimated24.6+0.9 pts
42Mexico Estimated21.2-1.1 pts
43Argentina Estimated21.1+2.5 pts

Other periods

About this ranking

Quarter-end gross core debt of public and private non-financial corporations 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: N.A.M.770.A, quarterly, nonfinancial corporate 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.N.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: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp (Countries by non-financial corporate credit as a share of GDP, 2026-Q1) [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.N.A.M.770.A?format=csv&startPeriod=1970-Q1

MLA 9

BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp, Countries by non-financial corporate credit as a share of GDP, 2026-Q1. 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.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Invokely, https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Countries by non-financial corporate credit as a share of GDP, 2026-Q1. 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.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Also distributed by Invokely, https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries.

Harvard

Bank for International Settlements (no date) BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp, Countries by non-financial corporate credit as a share of GDP, 2026-Q1 [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.N.A.M.770.A?format=csv&startPeriod=1970-Q1, via Invokely: https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_non_financial_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp: Countries by non-financial corporate credit as a share of GDP, 2026-Q1}},
  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.N.A.M.770.A?format=csv&startPeriod=1970-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_TC: N.A.M.770.A, quarterly, nonfinancial corporate 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.N.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: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp: Countries by non-financial corporate credit as a share of GDP, 2026-Q1
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.N.A.M.770.A?format=csv&startPeriod=1970-Q1
L2  - https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate 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.N.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
ER  -
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Rank Countries by non-financial corporate credit as a share of GDP using official data, and cite the source.
rank_places {"indicator":"nonfinancial_corporate_credit_gdp","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=nonfinancial_corporate_credit_gdp&level=country&limit=10

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Questions

Which country has the highest non-financial corporate credit as a share of GDP?

Luxembourg, with 395.9% of GDP in Q1 2026, according to the Bank for International Settlements.

Which country has the lowest non-financial corporate credit as a share of GDP?

Argentina, with 21.1% of GDP in Q1 2026.

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: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Retrieved 2026-10-12.

Non-financial corporate credit as a share of GDP: other rankings

Countries: more rankings