# Countries by non-financial corporate credit outstanding in USD, Q1 2026

All 43 values come from Bank for International Settlements for 2026-Q1, so the places are comparable.

- Indicator id: `nonfinancial_corporate_credit_usd`
- Unit: USD billion
- Definition: Quarter-end gross core debt of public and private non-financial corporations from all lender sectors, in USD billion, converted by the BIS at quarter-end exchange rates.
- Source: Bank for International Settlements, BIS WS_TC: N.A.M.USD.A, quarterly, nonfinancial corporate credit usd (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.USD.A?format=csv&startPeriod=1970-Q1)
- Publisher page: https://invokely.ai/en/publishers/bis
- Retrieved: 2026-10-12
- Citation: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: N.A.M.USD.A, quarterly, nonfinancial corporate credit usd. 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.USD.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
- Web page: https://invokely.ai/rankings/nonfinancial-corporate-credit-usd/countries

| Rank | Place | USD billion |
|---:|---|---:|
| 1 | China | 30,118.18 |
| 2 | United States | 22,626.7 |
| 3 | France | 5,369.09 |
| 4 | Japan | 4,761.97 |
| 5 | Germany | 4,571.97 |
| 6 | Canada | 2,788.61 |
| 7 | Netherlands | 2,296.13 |
| 8 | United Kingdom | 2,269.61 |
| 9 | Russia | 2,221.75 |
| 10 | India | 2,064.6 |
| 11 | South Korea | 1,945.19 |
| 12 | Italy | 1,524.83 |
| 13 | Spain | 1,513.64 |
| 14 | Switzerland | 1,415.2 |
| 15 | Brazil | 1,354.24 |
| 16 | Australia | 1,229.04 |
| 17 | Sweden | 1,087.58 |
| 18 | Hong Kong | 1,074.4 |
| 19 | Belgium | 867.64 |
| 20 | Norway | 774.31 |
| 21 | Singapore | 773.06 |
| 22 | Ireland | 688.78 |
| 23 | Denmark | 658.6 |
| 24 | Saudi Arabia | 601.96 |
| 25 | Türkiye | 592.29 |
| 26 | Austria | 507.48 |
| 27 | Israel | 502.17 |
| 28 | Malaysia | 453.44 |
| 29 | Mexico | 419.07 |
| 30 | Luxembourg | 410.81 |
| 31 | Thailand | 403.71 |
| 32 | Poland | 372.29 |
| 33 | Finland | 364.87 |
| 34 | Indonesia | 352.61 |
| 35 | Chile | 324.2 |
| 36 | Portugal | 266.31 |
| 37 | Czechia | 222.52 |
| 38 | Hungary | 188.19 |
| 39 | New Zealand | 179.61 |
| 40 | Greece | 170.75 |
| 41 | South Africa | 153.45 |
| 42 | Colombia | 149.74 |
| 43 | Argentina | 138.97 |