Data / Rankings / Private non-financial credit as a share of GDP / Countries

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

Luxembourg had the highest private non-financial credit as a share of GDP of 43 countries in Q3 2025, at 423.6% of GDP. Argentina had the lowest, at 26.8% of GDP. The median was 134.3% of GDP. Source: the Bank for International Settlements.

Keep it in a collection in your library.
Highest423.6Luxembourg
Lowest26.8Argentina
Median134.343 countries

Map of countries, Q3 2025

Argentina: 26.8 % of GDPAustria: 127.5 % of GDPAustralia: 175.5 % of GDPBelgium: 175.9 % of GDPBrazil: 90.6 % of GDPCanada: 218.5 % of GDPSwitzerland: 251 % of GDPChile: 134.3 % of GDPChina: 201.5 % of GDPColombia: 53.6 % of GDPCzechia: 85.3 % of GDPGermany: 135.9 % of GDPDenmark: 216 % of GDPSpain: 121.2 % of GDPFinland: 177.3 % of GDPFrance: 214.2 % of GDPUnited Kingdom: 131.5 % of GDPGreece: 95.9 % of GDPHong Kong: 332.4 % of GDPHungary: 91.2 % of GDPIndonesia: 39.8 % of GDPIreland: 124 % of GDPIsrael: 113.3 % of GDPIndia: 97.4 % of GDPItaly: 94.2 % of GDPJapan: 171.3 % of GDPSouth Korea: 199.4 % of GDPLuxembourg: 423.6 % of GDPMexico: 38.7 % of GDPMalaysia: 158.3 % of GDPNetherlands: 264.9 % of GDPNorway: 220.4 % of GDPNew Zealand: 162.1 % of GDPPoland: 57.2 % of GDPPortugal: 129.2 % of GDPRussia: 103.4 % of GDPSaudi Arabia: 77.6 % of GDPSweden: 232.9 % of GDPSingapore: 165.2 % of GDPThailand: 166 % of GDPTürkiye: 48.8 % of GDPUnited States: 140.6 % of GDPSouth Africa: 67.2 % of GDP
  • Under 78
  • 78 to 100
  • 100 to 130
  • 130 to 170
  • 170 to 220
  • 220 and over
  • No data
% of GDP, Q3 2025. Hatched areas have no value for this period. Source: BIS, BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp. Boundaries: Natural Earth (public domain).

All countries, Q3 2025

Luxembourg: 423.6 % of GDPLuxembourg423.6Hong Kong: 332.4 % of GDPHong Kong332.4Netherlands: 264.9 % of GDPNetherlands264.9Switzerland: 251 % of GDPSwitzerland251Sweden: 232.9 % of GDPSweden232.9Norway: 220.4 % of GDPNorway220.4Canada: 218.5 % of GDPCanada218.5Denmark: 216 % of GDPDenmark216France: 214.2 % of GDPFrance214.2China: 201.5 % of GDPChina201.5South Korea: 199.4 % of GDPSouth Korea199.4Finland: 177.3 % of GDPFinland177.3Belgium: 175.9 % of GDPBelgium175.9Australia: 175.5 % of GDPAustralia175.5Japan: 171.3 % of GDPJapan171.3Thailand: 166 % of GDPThailand166Singapore: 165.2 % of GDPSingapore165.2New Zealand: 162.1 % of GDPNew Zealand162.1Malaysia: 158.3 % of GDPMalaysia158.3United States: 140.6 % of GDPUnited States140.6Germany: 135.9 % of GDPGermany135.9Chile: 134.3 % of GDPChile134.3United Kingdom: 131.5 % of GDPUnited Kingdom131.5Portugal: 129.2 % of GDPPortugal129.2Austria: 127.5 % of GDPAustria127.5Ireland: 124 % of GDPIreland124Spain: 121.2 % of GDPSpain121.2Israel: 113.3 % of GDPIsrael113.3Russia: 103.4 % of GDPRussia103.4India: 97.4 % of GDPIndia97.4Greece: 95.9 % of GDPGreece95.9Italy: 94.2 % of GDPItaly94.2Hungary: 91.2 % of GDPHungary91.2Brazil: 90.6 % of GDPBrazil90.6Czechia: 85.3 % of GDPCzechia85.3Saudi Arabia: 77.6 % of GDPSaudi Arabia77.6South Africa: 67.2 % of GDPSouth Africa67.2Poland: 57.2 % of GDPPoland57.2Colombia: 53.6 % of GDPColombia53.6Türkiye: 48.8 % of GDPTürkiye48.8Indonesia: 39.8 % of GDPIndonesia39.8Mexico: 38.7 % of GDPMexico38.7Argentina: 26.8 % of GDPArgentina26.8Luxembourg: 423.6 % of GDPLuxembourg423.6Hong Kong: 332.4 % of GDPHong Kong332.4Netherlands: 264.9 % of GDPNetherlands264.9Switzerland: 251 % of GDPSwitzerland251Sweden: 232.9 % of GDPSweden232.9Norway: 220.4 % of GDPNorway220.4Canada: 218.5 % of GDPCanada218.5Denmark: 216 % of GDPDenmark216France: 214.2 % of GDPFrance214.2China: 201.5 % of GDPChina201.5South Korea: 199.4 % of GDPSouth Korea199.4Finland: 177.3 % of GDPFinland177.3Belgium: 175.9 % of GDPBelgium175.9Australia: 175.5 % of GDPAustralia175.5Japan: 171.3 % of GDPJapan171.3Thailand: 166 % of GDPThailand166Singapore: 165.2 % of GDPSingapore165.2New Zealand: 162.1 % of GDPNew Zealand162.1Malaysia: 158.3 % of GDPMalaysia158.3United States: 140.6 % of GDPUnited States140.6Germany: 135.9 % of GDPGermany135.9Chile: 134.3 % of GDPChile134.3United Kingdom: 131.5 % of GDPUnited Kingdom131.5Portugal: 129.2 % of GDPPortugal129.2Austria: 127.5 % of GDPAustria127.5Ireland: 124 % of GDPIreland124Spain: 121.2 % of GDPSpain121.2Israel: 113.3 % of GDPIsrael113.3Russia: 103.4 % of GDPRussia103.4India: 97.4 % of GDPIndia97.4Greece: 95.9 % of GDPGreece95.9Italy: 94.2 % of GDPItaly94.2Hungary: 91.2 % of GDPHungary91.2Brazil: 90.6 % of GDPBrazil90.6Czechia: 85.3 % of GDPCzechia85.3Saudi Arabia: 77.6 % of GDPSaudi Arabia77.6South Africa: 67.2 % of GDPSouth Africa67.2Poland: 57.2 % of GDPPoland57.2Colombia: 53.6 % of GDPColombia53.6Türkiye: 48.8 % of GDPTürkiye48.8Indonesia: 39.8 % of GDPIndonesia39.8Mexico: 38.7 % of GDPMexico38.7Argentina: 26.8 % of GDPArgentina26.8
% of GDP. Source: BIS, BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp. Retrieved 2026-10-12.

Full ranking

RankCountriesQ3 2025
% of GDP		Change on Q3 2024
1Luxembourg Estimated423.6-27 pts
2Hong Kong Estimated332.4-2.3 pts
3Netherlands Estimated264.9-10.6 pts
4Switzerland Estimated251-5.2 pts
5Sweden Estimated232.9-18.7 pts
6Norway Estimated220.4-1 pts
7Canada Estimated218.5-1 pts
8Denmark Estimated216-4 pts
9France Estimated214.2+1.5 pts
10China Estimated201.5+2.7 pts
11South Korea Estimated199.4-1.3 pts
12Finland Estimated177.3-3.6 pts
13Belgium Estimated175.9-3 pts
14Australia Estimated175.5+4.5 pts
15Japan Estimated171.3-0.9 pts
16Thailand Estimated166-5.4 pts
17Singapore Estimated165.2+5 pts
18New Zealand Estimated162.1+2.6 pts
19Malaysia Estimated158.3+3 pts
20United States Estimated140.6-4 pts
21Germany Estimated135.9-1 pts
22Chile Estimated134.3-3.6 pts
23United Kingdom Estimated131.5-7.9 pts
24Portugal Estimated129.2-2.7 pts
25Austria Estimated127.5-5 pts
26Ireland Estimated124-22.8 pts
27Spain Estimated121.2-5.7 pts
28Israel Estimated113.3+1 pts
29Russia Estimated103.4+4 pts
30India Estimated97.4+3.5 pts
31Greece Estimated95.9+4 pts
32Italy Estimated94.2-0.3 pts
33Hungary Estimated91.2-3.6 pts
34Brazil Estimated90.6+1.3 pts
35Czechia Estimated85.3-2 pts
36Saudi Arabia Estimated77.6+8.3 pts
37South Africa Estimated67.2-0.6 pts
38Poland Estimated57.2-1 pts
39Colombia Estimated53.6-1.8 pts
40Türkiye Estimated48.8+0.3 pts
41Indonesia Estimated39.8+0.7 pts
42Mexico Estimated38.7+0.1 pts
43Argentina Estimated26.8+3.1 pts

Other periods

About this ranking

Quarter-end gross core debt of households, NPISHs and 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: P.A.M.770.A, quarterly, private nonfinancial 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.P.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: P.A.M.770.A, quarterly, private nonfinancial credit gdp (Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1

MLA 9

BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp, Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1. Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp. Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1. Also distributed by Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3.

Harvard

Bank for International Settlements (no date) BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp, Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1, via Invokely: https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3 (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_private_non_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_TC: P.A.M.770.A, quarterly, private nonfinancial credit gdp: Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_TC: P.A.M.770.A, quarterly, private nonfinancial 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.P.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: P.A.M.770.A, quarterly, private nonfinancial credit gdp: Countries by private non-financial credit as a share of GDP, 2025-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.P.A.M.770.A?format=csv&startPeriod=1970-Q1
L2  - https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-gdp/countries?period=2025-Q3.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: P.A.M.770.A, quarterly, private nonfinancial 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.P.A.M.770.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
ER  -
Embed this chart

Paste this code into a web page or a blog post. The chart shows the latest figures as they are published, with the source and a link back to this page.

Sites that read oEmbed links, such as WordPress, can show the chart when you paste the link to this page.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

Rank Countries by private non-financial credit as a share of GDP using official data, and cite the source.
rank_places {"indicator":"private_nonfinancial_credit_gdp","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=private_nonfinancial_credit_gdp&level=country&limit=10

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

Questions

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

Luxembourg, with 423.6% of GDP in Q3 2025, according to the Bank for International Settlements.

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

Argentina, with 26.8% of GDP in Q3 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: P.A.M.770.A, quarterly, private nonfinancial credit gdp. Retrieved 2026-10-12.

Private non-financial credit as a share of GDP: other rankings

Countries: more rankings