Domestic credit to private sector by banks (% of GDP) - Country Ranking

Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.

Source: International Monetary Fund, International Financial Statistics and data files, and World Bank and OECD GDP estimates.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Cyprus 227.22 2016
2 Hong Kong SAR, China 203.78 2016
3 Switzerland 175.26 2016
4 Denmark 170.11 2016
5 China 156.70 2016
6 Korea 143.34 2016
7 Australia 142.93 2016
8 New Zealand 142.33 2010
9 United Kingdom 134.22 2016
10 Singapore 132.91 2016
11 Sweden 128.72 2016
12 Canada 124.41 2008
13 Malaysia 123.86 2016
14 Vietnam 123.81 2016
15 Norway 122.85 2016
16 Macao SAR, China 118.10 2016
17 Thailand 114.83 2016
18 Portugal 111.95 2016
19 Spain 111.04 2016
20 Netherlands 110.26 2016
21 Greece 108.55 2016
22 Kuwait 103.62 2016
23 Japan 103.29 2016
24 Lebanon 102.91 2016
25 Luxembourg 102.39 2016
26 France 96.89 2016
27 Mauritius 96.33 2016
28 Finland 94.72 2016
29 Iceland 87.32 2016
30 Malta 86.59 2016
31 United Arab Emirates 85.89 2016
32 Italy 85.30 2016
33 Austria 84.34 2016
34 Barbados 83.20 2009
35 Panama 83.00 2016
36 Nepal 80.84 2016
37 Chile 80.77 2016
38 Qatar 79.33 2016
39 Germany 77.07 2016
40 Tunisia 77.01 2016
41 Oman 75.52 2016
42 Jordan 75.03 2016
43 Bahrain 73.72 2015
44 St. Lucia 71.79 2016
45 Estonia 71.61 2016
46 Cambodia 69.41 2016
47 Fiji 68.86 2016
48 Vanuatu 68.17 2016
49 Latvia 67.64 2016
50 South Africa 66.80 2016
51 Iran 66.06 2016
52 Turkey 65.74 2016
53 Israel 65.58 2016
54 Morocco 63.95 2016
55 Belgium 63.83 2016
56 Cabo Verde 62.47 2016
57 Brazil 62.19 2016
58 Croatia 61.26 2016
59 Costa Rica 59.26 2016
60 Saudi Arabia 57.98 2016
61 Bolivia 57.64 2016
62 Belize 57.31 2016
63 Slovak Republic 56.98 2016
64 St. Kitts and Nevis 56.95 2016
65 Georgia 56.81 2016
66 Honduras 56.33 2016
67 Mongolia 55.72 2016
68 Russia 54.72 2015
69 The Bahamas 54.66 2016
70 Poland 54.56 2016
71 Paraguay 54.39 2016
72 Grenada 54.00 2016
73 Bosnia and Herzegovina 53.18 2016
74 Namibia 53.13 2016
75 United States 52.99 2016
76 Bulgaria 52.69 2016
77 Czech Republic 51.20 2016
78 St. Vincent and the Grenadines 50.94 2016
79 India 49.77 2016
80 Montenegro 48.80 2016
81 Antigua and Barbuda 47.96 2016
82 Ireland 47.45 2016
83 Colombia 47.10 2016
84 Bhutan 46.98 2016
85 Samoa 46.82 2016
86 Slovenia 46.67 2016
87 Dominica 46.52 2016
88 Macedonia 46.50 2016
89 Armenia 46.11 2016
90 Sri Lanka 45.82 2016
91 Philippines 44.71 2016
92 Bangladesh 44.26 2016
93 Brunei 43.57 2016
94 Serbia 43.42 2016
95 El Salvador 43.39 2016
96 Lithuania 42.97 2016
97 Venezuela 39.51 2014
98 Trinidad and Tobago 39.51 2016
99 Togo 39.19 2016
100 Ukraine 38.63 2016
101 Tonga 37.33 2016
102 Nicaragua 36.85 2016
103 Suriname 36.70 2016
104 Guyana 36.51 2016
105 Peru 36.13 2016
106 Albania 34.60 2016
107 Hungary 34.44 2016
108 Mozambique 34.16 2016
109 Egypt 34.15 2016
110 Guatemala 33.76 2016
111 Senegal 33.22 2016
112 Indonesia 33.11 2016
113 Kenya 32.81 2016
114 Jamaica 32.06 2016
115 Botswana 31.64 2016
116 Djibouti 30.47 2015
117 Kazakhstan 29.95 2016
118 Ecuador 29.12 2016
119 Romania 28.21 2016
120 Uruguay 28.12 2016
121 Burkina Faso 27.47 2016
122 Dominican Republic 27.10 2016
123 Seychelles 26.91 2016
124 Moldova 26.84 2016
125 Mexico 26.69 2016
126 Azerbaijan 26.49 2016
127 Comoros 26.15 2016
128 São Tomé and Principe 25.74 2016
129 Mali 25.40 2016
130 Congo 24.88 2016
131 Solomon Islands 23.10 2016
132 Algeria 23.00 2016
133 Côte d'Ivoire 22.40 2016
134 Mauritania 22.11 2012
135 Myanmar 21.99 2016
136 Belarus 21.82 2016
137 Benin 21.64 2016
138 Swaziland 21.54 2016
139 Kyrgyz Republic 21.09 2016
140 Angola 21.08 2016
141 Rwanda 20.98 2016
142 Lao PDR 20.92 2010
143 Liberia 20.44 2015
144 Libya 19.61 2011
145 Ghana 18.41 2016
146 Equatorial Guinea 18.14 2016
147 Papua New Guinea 17.88 2016
148 Tajikistan 17.69 2016
149 Ethiopia 17.64 2008
150 Haiti 17.47 2016
151 Lesotho 16.57 2016
152 Burundi 16.42 2016
153 Pakistan 16.39 2016
154 Nigeria 15.66 2016
155 Cameroon 15.58 2016
156 Syrian Arab Republic 15.11 2007
157 Uganda 14.49 2016
158 Tanzania 14.16 2016
159 Eritrea 13.64 2011
160 Gabon 13.60 2016
161 Niger 13.58 2016
162 Argentina 13.52 2016
163 Madagascar 13.09 2016
164 The Gambia 12.65 2014
165 Central African Republic 12.54 2016
166 Zimbabwe 12.27 2005
167 Zambia 12.00 2016
168 Timor-Leste 11.41 2016
169 Malawi 10.47 2016
170 Chad 10.17 2016
171 Guinea 9.71 2016
172 Iraq 9.17 2015
173 Sudan 8.86 2016
174 Dem. Rep. Congo 7.98 2016
175 Guinea-Bissau 6.47 2016
176 Yemen 5.64 2013
177 Sierra Leone 5.44 2016
178 Afghanistan 3.49 2016

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Development Relevance: Private sector development and investment - tapping private sector initiative and investment for socially useful purposes - are critical for poverty reduction. In parallel with public sector efforts, private investment, especially in competitive markets, has tremendous potential to contribute to growth. Private markets are the engine of productivity growth, creating productive jobs and higher incomes. And with government playing a complementary role of regulation, funding, and service provision, private initiative and investment can help provide the basic services and conditions that empower poor people - by improving health, education, and infrastructure.

Limitations and Exceptions: Credit to the private sector may sometimes include credit to state-owned or partially state-owned enterprises.

Statistical Concept and Methodology: Credit is an important link in money transmission; it finances production, consumption, and capital formation, which in turn affect economic activity. The data on domestic credit provided to the private sector by banks are taken from the other depository corporations survey (line 22D) of the International Monetary Fund's (IMF) International Financial Statistics. The other depository corporations include all deposit taking corporations (deposit money banks) except monetary authorities (the central bank).

Aggregation method: Weighted average

Periodicity: Annual