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

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

Luxembourg had the highest non-financial corporate credit as a share of GDP of 43 countries in Q4 2025, at 401.1% of GDP. Mexico had the lowest, at 21.3% of GDP. The median was 76.6% of GDP. Source: the Bank for International Settlements.

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Highest401.1Luxembourg
Lowest21.3Mexico
Median76.643 countries

Map of countries, Q4 2025

Argentina: 22.9 % of GDPAustria: 83.7 % of GDPAustralia: 62.1 % of GDPBelgium: 117.8 % of GDPBrazil: 55.5 % of GDPCanada: 118.5 % of GDPSwitzerland: 129 % of GDPChile: 86.8 % of GDPChina: 142.8 % of GDPColombia: 28.91 % of GDPCzechia: 53.7 % of GDPGermany: 86.7 % of GDPDenmark: 137.8 % of GDPSpain: 76.6 % of GDPFinland: 113.6 % of GDPFrance: 155.2 % of GDPUnited Kingdom: 57.8 % of GDPGreece: 59.3 % of GDPHong Kong: 240.7 % of GDPHungary: 72.6 % of GDPIndonesia: 25.1 % of GDPIreland: 98.1 % of GDPIsrael: 72.5 % of GDPIndia: 54.5 % of GDPItaly: 58.4 % of GDPJapan: 112.6 % of GDPSouth Korea: 109.9 % of GDPLuxembourg: 401.1 % of GDPMexico: 21.3 % of GDPMalaysia: 88.6 % of GDPNetherlands: 169.4 % of GDPNorway: 135.8 % of GDPNew Zealand: 70.6 % of GDPPoland: 34.7 % of GDPPortugal: 74.2 % of GDPRussia: 83.7 % of GDPSaudi Arabia: 46.1 % of GDPSweden: 146.6 % of GDPSingapore: 127.2 % of GDPThailand: 68.8 % of GDPTürkiye: 39.1 % of GDPUnited States: 72.2 % of GDPSouth Africa: 33 % of GDP
  • Under 46
  • 46 to 62
  • 62 to 77
  • 77 to 110
  • 110 to 140
  • 140 and over
  • No data
% of GDP, Q4 2025. 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, Q4 2025

Luxembourg: 401.1 % of GDPLuxembourg401.1Hong Kong: 240.7 % of GDPHong Kong240.7Netherlands: 169.4 % of GDPNetherlands169.4France: 155.2 % of GDPFrance155.2Sweden: 146.6 % of GDPSweden146.6China: 142.8 % of GDPChina142.8Denmark: 137.8 % of GDPDenmark137.8Norway: 135.8 % of GDPNorway135.8Switzerland: 129 % of GDPSwitzerland129Singapore: 127.2 % of GDPSingapore127.2Canada: 118.5 % of GDPCanada118.5Belgium: 117.8 % of GDPBelgium117.8Finland: 113.6 % of GDPFinland113.6Japan: 112.6 % of GDPJapan112.6South Korea: 109.9 % of GDPSouth Korea109.9Ireland: 98.1 % of GDPIreland98.1Malaysia: 88.6 % of GDPMalaysia88.6Chile: 86.8 % of GDPChile86.8Germany: 86.7 % of GDPGermany86.7Austria: 83.7 % of GDPAustria83.7Russia: 83.7 % of GDPRussia83.7Spain: 76.6 % of GDPSpain76.6Portugal: 74.2 % of GDPPortugal74.2Hungary: 72.6 % of GDPHungary72.6Israel: 72.5 % of GDPIsrael72.5United States: 72.2 % of GDPUnited States72.2New Zealand: 70.6 % of GDPNew Zealand70.6Thailand: 68.8 % of GDPThailand68.8Australia: 62.1 % of GDPAustralia62.1Greece: 59.3 % of GDPGreece59.3Italy: 58.4 % of GDPItaly58.4United Kingdom: 57.8 % of GDPUnited Kingdom57.8Brazil: 55.5 % of GDPBrazil55.5India: 54.5 % of GDPIndia54.5Czechia: 53.7 % of GDPCzechia53.7Saudi Arabia: 46.1 % of GDPSaudi Arabia46.1Türkiye: 39.1 % of GDPTürkiye39.1Poland: 34.7 % of GDPPoland34.7South Africa: 33 % of GDPSouth Africa33Colombia: 28.91 % of GDPColombia28.91Indonesia: 25.1 % of GDPIndonesia25.1Argentina: 22.9 % of GDPArgentina22.9Mexico: 21.3 % of GDPMexico21.3Luxembourg: 401.1 % of GDPLuxembourg401.1Hong Kong: 240.7 % of GDPHong Kong240.7Netherlands: 169.4 % of GDPNetherlands169.4France: 155.2 % of GDPFrance155.2Sweden: 146.6 % of GDPSweden146.6China: 142.8 % of GDPChina142.8Denmark: 137.8 % of GDPDenmark137.8Norway: 135.8 % of GDPNorway135.8Switzerland: 129 % of GDPSwitzerland129Singapore: 127.2 % of GDPSingapore127.2Canada: 118.5 % of GDPCanada118.5Belgium: 117.8 % of GDPBelgium117.8Finland: 113.6 % of GDPFinland113.6Japan: 112.6 % of GDPJapan112.6South Korea: 109.9 % of GDPSouth Korea109.9Ireland: 98.1 % of GDPIreland98.1Malaysia: 88.6 % of GDPMalaysia88.6Chile: 86.8 % of GDPChile86.8Germany: 86.7 % of GDPGermany86.7Austria: 83.7 % of GDPAustria83.7Russia: 83.7 % of GDPRussia83.7Spain: 76.6 % of GDPSpain76.6Portugal: 74.2 % of GDPPortugal74.2Hungary: 72.6 % of GDPHungary72.6Israel: 72.5 % of GDPIsrael72.5United States: 72.2 % of GDPUnited States72.2New Zealand: 70.6 % of GDPNew Zealand70.6Thailand: 68.8 % of GDPThailand68.8Australia: 62.1 % of GDPAustralia62.1Greece: 59.3 % of GDPGreece59.3Italy: 58.4 % of GDPItaly58.4United Kingdom: 57.8 % of GDPUnited Kingdom57.8Brazil: 55.5 % of GDPBrazil55.5India: 54.5 % of GDPIndia54.5Czechia: 53.7 % of GDPCzechia53.7Saudi Arabia: 46.1 % of GDPSaudi Arabia46.1Türkiye: 39.1 % of GDPTürkiye39.1Poland: 34.7 % of GDPPoland34.7South Africa: 33 % of GDPSouth Africa33Colombia: 28.91 % of GDPColombia28.91Indonesia: 25.1 % of GDPIndonesia25.1Argentina: 22.9 % of GDPArgentina22.9Mexico: 21.3 % of GDPMexico21.3
% of GDP. Source: BIS, BIS WS_TC: N.A.M.770.A, quarterly, nonfinancial corporate credit gdp. Retrieved 2026-10-12.

Full ranking

RankCountriesQ4 2025
% of GDP		Change on Q4 2024
1Luxembourg Estimated401.1+9.4 pts
2Hong Kong Estimated240.7+1.5 pts
3Netherlands Estimated169.4-8.6 pts
4France Estimated155.2+2.4 pts
5Sweden Estimated146.6-18.5 pts
6China Estimated142.8+4.9 pts
7Denmark Estimated137.8+3 pts
8Norway Estimated135.8-2.2 pts
9Switzerland Estimated129-4.1 pts
10Singapore Estimated127.2+9.8 pts
11Canada Estimated118.5+0.1 pts
12Belgium Estimated117.8-4 pts
13Finland Estimated113.6-2.1 pts
14Japan Estimated112.6+1.2 pts
15South Korea Estimated109.9-0.6 pts
16Ireland Estimated98.1-22.6 pts
17Malaysia Estimated88.6+1.2 pts
18Chile Estimated86.8-7.6 pts
19Germany Estimated86.7-0.2 pts
20Austria Estimated83.7-4.5 pts
20Russia Estimated83.7+5 pts
22Spain Estimated76.6-4.2 pts
23Portugal Estimated74.2-3.6 pts
24Hungary Estimated72.6-5.6 pts
25Israel Estimated72.5+3.2 pts
26United States Estimated72.2-1 pts
27New Zealand Estimated70.6+0.4 pts
28Thailand Estimated68.8-13 pts
29Australia Estimated62.1+0.7 pts
30Greece Estimated59.3+3.2 pts
31Italy Estimated58.4-0.6 pts
32United Kingdom Estimated57.8-5 pts
33Brazil Estimated55.5-1.5 pts
34India Estimated54.5+3.7 pts
35Czechia Estimated53.7-2.8 pts
36Saudi Arabia Estimated46.1+5.8 pts
37Türkiye Estimated39.1+1.7 pts
38Poland Estimated34.7-0.8 pts
39South Africa Estimated33-0.1 pts
40Colombia Estimated28.91-0.14 pts
41Indonesia Estimated25.1+1.6 pts
42Argentina Estimated22.9+4.5 pts
43Mexico Estimated21.3-1.3 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, 2025-Q4) [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, 2025-Q4. 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?period=2025-Q4. 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, 2025-Q4. 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?period=2025-Q4.

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, 2025-Q4 [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?period=2025-Q4 (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, 2025-Q4}},
  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?period=2025-Q4. 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, 2025-Q4
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?period=2025-Q4
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/nonfinancial-corporate-credit-gdp/countries?period=2025-Q4.
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 401.1% of GDP in Q4 2025, according to the Bank for International Settlements.

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

Mexico, with 21.3% of GDP in Q4 2025.

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