Countries by private non-financial credit outstanding in USD

The United States had the highest private non-financial credit outstanding in USD of 43 countries in Q1 2024, at $41.17 trillion. Argentina had the lowest, at $89.01 billion. The median was $881.65 billion. Source: the Bank for International Settlements.

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Highest41,172.82United States
Lowest89.01Argentina
Median881.6543 countries

Map of countries, Q1 2024

Argentina: 89.01 USD billionAustria: 699.14 USD billionAustralia: 2,940.14 USD billionBelgium: 1,183.98 USD billionBrazil: 1,917.46 USD billionCanada: 4,826.64 USD billionSwitzerland: 2,374.46 USD billionChile: 428.5 USD billionChina: 35,857.42 USD billionColombia: 237.7 USD billionCzechia: 285.95 USD billionGermany: 6,375.54 USD billionDenmark: 910.14 USD billionSpain: 2,114.82 USD billionFinland: 537.26 USD billionFrance: 6,627.24 USD billionUnited Kingdom: 4,924.07 USD billionGreece: 228.26 USD billionHong Kong: 1,387 USD billionHungary: 196.72 USD billionIndonesia: 533.79 USD billionIreland: 827.09 USD billionIsrael: 575.27 USD billionIndia: 3,271.6 USD billionItaly: 2,254.29 USD billionJapan: 7,166.3 USD billionSouth Korea: 3,703.52 USD billionLuxembourg: 412.03 USD billionMexico: 719.5 USD billionMalaysia: 620.32 USD billionNetherlands: 3,226.92 USD billionNorway: 1,077.77 USD billionNew Zealand: 396.75 USD billionPoland: 515 USD billionPortugal: 398 USD billionRussia: 1,943.34 USD billionSaudi Arabia: 818.42 USD billionSweden: 1,452.28 USD billionSingapore: 875.25 USD billionThailand: 881.65 USD billionTürkiye: 518.3 USD billionUnited States: 41,172.82 USD billionSouth Africa: 257.4 USD billion
  • Under 400
  • 400 to 600
  • 600 to 900
  • 900 to 1,900
  • 1,900 to 3,700
  • 3,700 and over
  • No data
USD billion, Q1 2024. Hatched areas have no value for this period. Source: BIS, BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd. Boundaries: Natural Earth (public domain).

All countries, Q1 2024

United States: 41,172.82 USD billionUnited States41,172.82China: 35,857.42 USD billionChina35,857.42Japan: 7,166.3 USD billionJapan7,166.3France: 6,627.24 USD billionFrance6,627.24Germany: 6,375.54 USD billionGermany6,375.54United Kingdom: 4,924.07 USD billionUnited Kingdom4,924.07Canada: 4,826.64 USD billionCanada4,826.64South Korea: 3,703.52 USD billionSouth Korea3,703.52India: 3,271.6 USD billionIndia3,271.6Netherlands: 3,226.92 USD billionNetherlands3,226.92Australia: 2,940.14 USD billionAustralia2,940.14Switzerland: 2,374.46 USD billionSwitzerland2,374.46Italy: 2,254.29 USD billionItaly2,254.29Spain: 2,114.82 USD billionSpain2,114.82Russia: 1,943.34 USD billionRussia1,943.34Brazil: 1,917.46 USD billionBrazil1,917.46Sweden: 1,452.28 USD billionSweden1,452.28Hong Kong: 1,387 USD billionHong Kong1,387Belgium: 1,183.98 USD billionBelgium1,183.98Norway: 1,077.77 USD billionNorway1,077.77Denmark: 910.14 USD billionDenmark910.14Thailand: 881.65 USD billionThailand881.65Singapore: 875.25 USD billionSingapore875.25Ireland: 827.09 USD billionIreland827.09Saudi Arabia: 818.42 USD billionSaudi Arabia818.42Mexico: 719.5 USD billionMexico719.5Austria: 699.14 USD billionAustria699.14Malaysia: 620.32 USD billionMalaysia620.32Israel: 575.27 USD billionIsrael575.27Finland: 537.26 USD billionFinland537.26Indonesia: 533.79 USD billionIndonesia533.79Türkiye: 518.3 USD billionTürkiye518.3Poland: 515 USD billionPoland515Chile: 428.5 USD billionChile428.5Luxembourg: 412.03 USD billionLuxembourg412.03Portugal: 398 USD billionPortugal398New Zealand: 396.75 USD billionNew Zealand396.75Czechia: 285.95 USD billionCzechia285.95South Africa: 257.4 USD billionSouth Africa257.4Colombia: 237.7 USD billionColombia237.7Greece: 228.26 USD billionGreece228.26Hungary: 196.72 USD billionHungary196.72Argentina: 89.01 USD billionArgentina89.01United States: 41,172.82 USD billionUnited States41,172.82China: 35,857.42 USD billionChina35,857.42Japan: 7,166.3 USD billionJapan7,166.3France: 6,627.24 USD billionFrance6,627.24Germany: 6,375.54 USD billionGermany6,375.54United Kingdom: 4,924.07 USD billionUnited Kingdom4,924.07Canada: 4,826.64 USD billionCanada4,826.64South Korea: 3,703.52 USD billionSouth Korea3,703.52India: 3,271.6 USD billionIndia3,271.6Netherlands: 3,226.92 USD billionNetherlands3,226.92Australia: 2,940.14 USD billionAustralia2,940.14Switzerland: 2,374.46 USD billionSwitzerland2,374.46Italy: 2,254.29 USD billionItaly2,254.29Spain: 2,114.82 USD billionSpain2,114.82Russia: 1,943.34 USD billionRussia1,943.34Brazil: 1,917.46 USD billionBrazil1,917.46Sweden: 1,452.28 USD billionSweden1,452.28Hong Kong: 1,387 USD billionHong Kong1,387Belgium: 1,183.98 USD billionBelgium1,183.98Norway: 1,077.77 USD billionNorway1,077.77Denmark: 910.14 USD billionDenmark910.14Thailand: 881.65 USD billionThailand881.65Singapore: 875.25 USD billionSingapore875.25Ireland: 827.09 USD billionIreland827.09Saudi Arabia: 818.42 USD billionSaudi Arabia818.42Mexico: 719.5 USD billionMexico719.5Austria: 699.14 USD billionAustria699.14Malaysia: 620.32 USD billionMalaysia620.32Israel: 575.27 USD billionIsrael575.27Finland: 537.26 USD billionFinland537.26Indonesia: 533.79 USD billionIndonesia533.79Türkiye: 518.3 USD billionTürkiye518.3Poland: 515 USD billionPoland515Chile: 428.5 USD billionChile428.5Luxembourg: 412.03 USD billionLuxembourg412.03Portugal: 398 USD billionPortugal398New Zealand: 396.75 USD billionNew Zealand396.75Czechia: 285.95 USD billionCzechia285.95South Africa: 257.4 USD billionSouth Africa257.4Colombia: 237.7 USD billionColombia237.7Greece: 228.26 USD billionGreece228.26Hungary: 196.72 USD billionHungary196.72Argentina: 89.01 USD billionArgentina89.01
USD billion. Source: BIS, BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd. Retrieved 2026-10-12.

Full ranking

RankCountriesQ1 2024
USD billion
Change on Q1 2023
1United States Estimated41,172.82+2.3%
2China Estimated35,857.42+2.1%
3Japan Estimated7,166.3-8.9%
4France Estimated6,627.24+1.2%
5Germany Estimated6,375.54+0.4%
6United Kingdom Estimated4,924.07+3.9%
7Canada Estimated4,826.64+4.1%
8South Korea Estimated3,703.52-0.7%
9India Estimated3,271.6+10.8%
10Netherlands Estimated3,226.92+0.7%
11Australia Estimated2,940.14+2.5%
12Switzerland Estimated2,374.46+0.2%
13Italy Estimated2,254.29-1.4%
14Spain Estimated2,114.82-0%
15Russia Estimated1,943.34+0.5%
16Brazil Estimated1,917.46+10.8%
17Sweden Estimated1,452.28+1.7%
18Hong Kong Estimated1,387+1.9%
19Belgium Estimated1,183.98+1.8%
20Norway Estimated1,077.77-3.4%
21Denmark Estimated910.14-0.8%
22Thailand Estimated881.65-3.8%
23Singapore Estimated875.25+3%
24Ireland Estimated827.09-9.9%
25Saudi Arabia Estimated818.42+9.7%
26Mexico Estimated719.5+14.6%
27Austria Estimated699.14-0.8%
28Malaysia Estimated620.32-1.7%
29Israel Estimated575.27+2.3%
30Finland Estimated537.26-1.2%
31Indonesia Estimated533.79+2.9%
32Türkiye Estimated518.3-7.2%
33Poland Estimated515+8.9%
34Chile Estimated428.5-8.7%
35Luxembourg Estimated412.03+0.8%
36Portugal Estimated398-1.1%
37New Zealand Estimated396.75-0.6%
38Czechia Estimated285.95+0.4%
39South Africa Estimated257.4-2.1%
40Colombia Estimated237.7+22.3%
41Greece Estimated228.26+1.9%
42Hungary Estimated196.72+1.6%
43Argentina Estimated89.01-13.5%

Other periods

About this ranking

Quarter-end gross core debt of households, NPISHs and non-financial corporations from all lender sectors, in USD billion, converted by the BIS at quarter-end exchange rates.

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.USD.A, quarterly, private nonfinancial 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.P.A.M.USD.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.USD.A, quarterly, private nonfinancial credit usd (Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1

MLA 9

BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd, Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1. Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1. Accessed 12 Oct. 2026.

Chicago (author-date)

Bank for International Settlements. n.d. BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd. Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1. Also distributed by Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1.

Harvard

Bank for International Settlements (no date) BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd, Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1, via Invokely: https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1 (Accessed: 12 October 2026).

BibTeX
@misc{bank_countries_by_private_non_2026,
  author = {{Bank for International Settlements}},
  title = {{BIS WS\_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd: Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1},
  urldate = {2026-10-12},
  note = {Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1. Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS\_TC: P.A.M.USD.A, quarterly, private nonfinancial 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.P.A.M.USD.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.USD.A, quarterly, private nonfinancial credit usd: Countries by private non-financial credit outstanding in USD, 2024-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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1
L2  - https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2024-Q1.
N1  - Publisher attribution: Bank for International Settlements (BIS), compiled from central bank and other national sources. BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial 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.P.A.M.USD.A?format=csv&startPeriod=1970-Q1. Retrieved 2026-10-12.
ER  - 
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Rank Countries by private non-financial credit outstanding in USD using official data, and cite the source.
rank_places {"indicator":"private_nonfinancial_credit_usd","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=private_nonfinancial_credit_usd&level=country&limit=10

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Questions

Which country has the highest private non-financial credit outstanding in USD?

The United States, with $41.17 trillion in Q1 2024, according to the Bank for International Settlements.

Which country has the lowest private non-financial credit outstanding in USD?

Argentina, with $89.01 billion in Q1 2024.

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.USD.A, quarterly, private nonfinancial credit usd. Retrieved 2026-10-12.

Private non-financial credit outstanding in USD: other rankings

Countries: more rankings