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 Q2 2025, at $42.26 trillion. Argentina had the lowest, at $154.39 billion. The median was $997.06 billion. Source: the Bank for International Settlements.

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Highest42,262.63United States
Lowest154.39Argentina
Median997.0643 countries

Map of countries, Q2 2025

Argentina: 154.39 USD billionAustria: 757.56 USD billionAustralia: 3,185.92 USD billionBelgium: 1,311.38 USD billionBrazil: 2,027.77 USD billionCanada: 5,073.99 USD billionSwitzerland: 2,710.53 USD billionChile: 464.79 USD billionChina: 38,726.99 USD billionColombia: 237.4 USD billionCzechia: 340.54 USD billionGermany: 7,125.81 USD billionDenmark: 1,033.8 USD billionSpain: 2,373.96 USD billionFinland: 581.78 USD billionFrance: 7,445.55 USD billionUnited Kingdom: 5,332.12 USD billionGreece: 273.26 USD billionHong Kong: 1,387.47 USD billionHungary: 227.93 USD billionIndonesia: 556.45 USD billionIreland: 900.57 USD billionIsrael: 688.41 USD billionIndia: 3,678.39 USD billionItaly: 2,475.97 USD billionJapan: 7,697.84 USD billionSouth Korea: 3,836.01 USD billionLuxembourg: 455.15 USD billionMexico: 710.9 USD billionMalaysia: 737.51 USD billionNetherlands: 3,570.38 USD billionNorway: 1,202.98 USD billionNew Zealand: 424.65 USD billionPoland: 596.38 USD billionPortugal: 453.47 USD billionRussia: 2,688.19 USD billionSaudi Arabia: 962.83 USD billionSweden: 1,619.73 USD billionSingapore: 997.06 USD billionThailand: 943.61 USD billionTürkiye: 648.5 USD billionUnited States: 42,262.63 USD billionSouth Africa: 282.37 USD billion
  • Under 500
  • 500 to 700
  • 700 to 1,000
  • 1,000 to 2,400
  • 2,400 to 3,800
  • 3,800 and over
  • No data
USD billion, Q2 2025. 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, Q2 2025

United States: 42,262.63 USD billionUnited States42,262.63China: 38,726.99 USD billionChina38,726.99Japan: 7,697.84 USD billionJapan7,697.84France: 7,445.55 USD billionFrance7,445.55Germany: 7,125.81 USD billionGermany7,125.81United Kingdom: 5,332.12 USD billionUnited Kingdom5,332.12Canada: 5,073.99 USD billionCanada5,073.99South Korea: 3,836.01 USD billionSouth Korea3,836.01India: 3,678.39 USD billionIndia3,678.39Netherlands: 3,570.38 USD billionNetherlands3,570.38Australia: 3,185.92 USD billionAustralia3,185.92Switzerland: 2,710.53 USD billionSwitzerland2,710.53Russia: 2,688.19 USD billionRussia2,688.19Italy: 2,475.97 USD billionItaly2,475.97Spain: 2,373.96 USD billionSpain2,373.96Brazil: 2,027.77 USD billionBrazil2,027.77Sweden: 1,619.73 USD billionSweden1,619.73Hong Kong: 1,387.47 USD billionHong Kong1,387.47Belgium: 1,311.38 USD billionBelgium1,311.38Norway: 1,202.98 USD billionNorway1,202.98Denmark: 1,033.8 USD billionDenmark1,033.8Singapore: 997.06 USD billionSingapore997.06Saudi Arabia: 962.83 USD billionSaudi Arabia962.83Thailand: 943.61 USD billionThailand943.61Ireland: 900.57 USD billionIreland900.57Austria: 757.56 USD billionAustria757.56Malaysia: 737.51 USD billionMalaysia737.51Mexico: 710.9 USD billionMexico710.9Israel: 688.41 USD billionIsrael688.41Türkiye: 648.5 USD billionTürkiye648.5Poland: 596.38 USD billionPoland596.38Finland: 581.78 USD billionFinland581.78Indonesia: 556.45 USD billionIndonesia556.45Chile: 464.79 USD billionChile464.79Luxembourg: 455.15 USD billionLuxembourg455.15Portugal: 453.47 USD billionPortugal453.47New Zealand: 424.65 USD billionNew Zealand424.65Czechia: 340.54 USD billionCzechia340.54South Africa: 282.37 USD billionSouth Africa282.37Greece: 273.26 USD billionGreece273.26Colombia: 237.4 USD billionColombia237.4Hungary: 227.93 USD billionHungary227.93Argentina: 154.39 USD billionArgentina154.39United States: 42,262.63 USD billionUnited States42,262.63China: 38,726.99 USD billionChina38,726.99Japan: 7,697.84 USD billionJapan7,697.84France: 7,445.55 USD billionFrance7,445.55Germany: 7,125.81 USD billionGermany7,125.81United Kingdom: 5,332.12 USD billionUnited Kingdom5,332.12Canada: 5,073.99 USD billionCanada5,073.99South Korea: 3,836.01 USD billionSouth Korea3,836.01India: 3,678.39 USD billionIndia3,678.39Netherlands: 3,570.38 USD billionNetherlands3,570.38Australia: 3,185.92 USD billionAustralia3,185.92Switzerland: 2,710.53 USD billionSwitzerland2,710.53Russia: 2,688.19 USD billionRussia2,688.19Italy: 2,475.97 USD billionItaly2,475.97Spain: 2,373.96 USD billionSpain2,373.96Brazil: 2,027.77 USD billionBrazil2,027.77Sweden: 1,619.73 USD billionSweden1,619.73Hong Kong: 1,387.47 USD billionHong Kong1,387.47Belgium: 1,311.38 USD billionBelgium1,311.38Norway: 1,202.98 USD billionNorway1,202.98Denmark: 1,033.8 USD billionDenmark1,033.8Singapore: 997.06 USD billionSingapore997.06Saudi Arabia: 962.83 USD billionSaudi Arabia962.83Thailand: 943.61 USD billionThailand943.61Ireland: 900.57 USD billionIreland900.57Austria: 757.56 USD billionAustria757.56Malaysia: 737.51 USD billionMalaysia737.51Mexico: 710.9 USD billionMexico710.9Israel: 688.41 USD billionIsrael688.41Türkiye: 648.5 USD billionTürkiye648.5Poland: 596.38 USD billionPoland596.38Finland: 581.78 USD billionFinland581.78Indonesia: 556.45 USD billionIndonesia556.45Chile: 464.79 USD billionChile464.79Luxembourg: 455.15 USD billionLuxembourg455.15Portugal: 453.47 USD billionPortugal453.47New Zealand: 424.65 USD billionNew Zealand424.65Czechia: 340.54 USD billionCzechia340.54South Africa: 282.37 USD billionSouth Africa282.37Greece: 273.26 USD billionGreece273.26Colombia: 237.4 USD billionColombia237.4Hungary: 227.93 USD billionHungary227.93Argentina: 154.39 USD billionArgentina154.39
USD billion. Source: BIS, BIS WS_TC: P.A.M.USD.A, quarterly, private nonfinancial credit usd. Retrieved 2026-10-12.

Full ranking

RankCountriesQ2 2025
USD billion
Change on Q2 2024
1United States Estimated42,262.63+1.8%
2China Estimated38,726.99+7.5%
3Japan Estimated7,697.84+13.5%
4France Estimated7,445.55+12.4%
5Germany Estimated7,125.81+12.2%
6United Kingdom Estimated5,332.12+7.2%
7Canada Estimated5,073.99+4.8%
8South Korea Estimated3,836.01+4.9%
9India Estimated3,678.39+9.3%
10Netherlands Estimated3,570.38+11%
11Australia Estimated3,185.92+4.8%
12Switzerland Estimated2,710.53+11.6%
13Russia Estimated2,688.19+23.4%
14Italy Estimated2,475.97+11.1%
15Spain Estimated2,373.96+11.7%
16Brazil Estimated2,027.77+11%
17Sweden Estimated1,619.73+9.6%
18Hong Kong Estimated1,387.47+3.3%
19Belgium Estimated1,311.38+10.9%
20Norway Estimated1,202.98+8.7%
21Denmark Estimated1,033.8+14.1%
22Singapore Estimated997.06+11.9%
23Saudi Arabia Estimated962.83+16%
24Thailand Estimated943.61+8.5%
25Ireland Estimated900.57+6%
26Austria Estimated757.56+9.5%
27Malaysia Estimated737.51+17.4%
28Mexico Estimated710.9+4.8%
29Israel Estimated688.41+21.3%
30Türkiye Estimated648.5+19%
31Poland Estimated596.38+15.7%
32Finland Estimated581.78+9.3%
33Indonesia Estimated556.45+5.3%
34Chile Estimated464.79+5.6%
35Luxembourg Estimated455.15+11.7%
36Portugal Estimated453.47+13.6%
37New Zealand Estimated424.65+4.4%
38Czechia Estimated340.54+17.4%
39South Africa Estimated282.37+6.6%
40Greece Estimated273.26+19.5%
41Colombia Estimated237.4+7%
42Hungary Estimated227.93+12.9%
43Argentina Estimated154.39+54.5%

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, 2025-Q2) [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, 2025-Q2. 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=2025-Q2. 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, 2025-Q2. 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=2025-Q2.

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, 2025-Q2 [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=2025-Q2 (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, 2025-Q2}},
  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=2025-Q2. 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, 2025-Q2
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=2025-Q2
Y2  - 2026/10/12
N1  - Accessed via Invokely, https://invokely.ai/rankings/private-nonfinancial-credit-usd/countries?period=2025-Q2.
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 $42.26 trillion in Q2 2025, according to the Bank for International Settlements.

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

Argentina, with $154.39 billion in Q2 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.USD.A, quarterly, private nonfinancial credit usd. Retrieved 2026-10-12.

Private non-financial credit outstanding in USD: other rankings

Countries: more rankings