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 Liberia 2,532.22 2018
2 Hong Kong SAR, China 219.33 2018
3 Switzerland 174.59 2016
4 Denmark 161.79 2018
5 China 161.13 2018
6 Korea 150.34 2018
7 New Zealand 146.63 2018
8 Cyprus 139.54 2018
9 Australia 139.43 2018
10 United Kingdom 134.46 2018
11 Vietnam 133.14 2018
12 Sweden 131.85 2018
13 Canada 124.41 2008
14 Norway 122.60 2018
15 Singapore 121.90 2018
16 Malaysia 120.36 2018
17 Macao SAR, China 113.84 2018
18 Thailand 112.53 2018
19 Luxembourg 107.59 2018
20 Japan 107.48 2018
21 Netherlands 105.84 2018
22 France 102.26 2018
23 Lebanon 101.46 2017
24 Cambodia 99.37 2018
25 Spain 98.67 2018
26 Portugal 97.52 2018
27 Finland 93.45 2018
28 Iceland 92.26 2018
29 Kuwait 89.33 2018
30 Greece 88.96 2018
31 Nepal 86.85 2018
32 Austria 83.92 2018
33 Chile 81.27 2018
34 Barbados 79.79 2018
35 Panama 78.99 2018
36 Germany 78.20 2018
37 Mauritius 78.01 2018
38 Jordan 77.59 2018
39 Malta 76.97 2018
40 Qatar 76.92 2018
41 Italy 75.97 2018
42 United Arab Emirates 75.72 2018
43 Bahrain 73.72 2015
44 Oman 70.45 2018
45 Fiji 68.84 2018
46 Tunisia 67.97 2018
47 Israel 66.49 2018
48 Belgium 66.29 2018
49 Iran 66.06 2016
50 South Africa 65.74 2018
51 Turkey 63.76 2018
52 Morocco 62.38 2018
53 Slovak Republic 61.82 2018
54 Brazil 61.78 2018
55 Estonia 61.69 2018
56 Costa Rica 61.60 2018
57 Vanuatu 61.34 2018
58 Honduras 61.15 2018
59 Bolivia 60.70 2018
60 St. Lucia 59.95 2018
61 Georgia 59.54 2018
62 Cabo Verde 59.34 2018
63 Bhutan 56.05 2018
64 Croatia 55.77 2018
65 Belize 55.12 2018
66 Saudi Arabia 53.97 2017
67 Mongolia 53.94 2018
68 Bosnia and Herzegovina 53.76 2018
69 Armenia 52.73 2018
70 Poland 52.69 2018
71 St. Kitts and Nevis 52.37 2018
72 Czech Republic 52.11 2018
73 United States 52.06 2018
74 Russia 51.23 2018
75 Bulgaria 51.23 2018
76 Samoa 50.81 2018
77 The Bahamas 50.36 2018
78 El Salvador 50.06 2018
79 Namibia 50.05 2018
80 India 50.05 2018
81 Colombia 50.03 2018
82 Philippines 49.85 2018
83 Grenada 49.82 2018
84 Sri Lanka 49.47 2018
85 Montenegro 49.04 2018
86 North Macedonia 48.76 2018
87 St. Vincent and the Grenadines 48.43 2018
88 Dominica 47.50 2018
89 Bangladesh 46.77 2018
90 Peru 44.01 2018
91 Slovenia 43.42 2018
92 Paraguay 43.29 2018
93 Antigua and Barbuda 42.97 2018
94 Tonga 42.85 2018
95 Serbia 41.42 2018
96 Ireland 41.08 2018
97 Lithuania 40.60 2018
98 Trinidad and Tobago 38.94 2018
99 Latvia 36.61 2018
100 Togo 36.39 2018
101 Nicaragua 35.71 2018
102 Ecuador 35.69 2018
103 Guyana 34.83 2018
104 Brunei 34.40 2018
105 Hungary 32.90 2018
106 Indonesia 32.74 2018
107 Guatemala 32.19 2018
108 Jamaica 32.02 2016
109 Botswana 31.73 2018
110 Venezuela 31.61 2015
111 Albania 30.65 2018
112 Burkina Faso 30.48 2018
113 Seychelles 30.41 2018
114 Mauritania 28.96 2017
115 Senegal 28.26 2018
116 Kenya 27.92 2018
117 Ukraine 27.75 2018
118 Uruguay 27.31 2018
119 Suriname 26.96 2018
120 Mexico 26.84 2018
121 Côte d'Ivoire 26.18 2018
122 Romania 25.93 2018
123 Dominican Republic 25.86 2018
124 Egypt 25.55 2018
125 Mali 25.38 2018
126 Myanmar 25.26 2018
127 Algeria 25.05 2018
128 Kyrgyz Republic 23.76 2018
129 Belarus 23.23 2018
130 Benin 23.00 2018
131 Kazakhstan 22.61 2018
132 Mozambique 22.26 2018
133 Solomon Islands 22.16 2018
134 Rwanda 21.52 2018
135 São Tomé and Principe 21.47 2018
136 Djibouti 21.32 2018
137 Lao PDR 20.92 2010
138 Eswatini 20.64 2018
139 Azerbaijan 19.99 2018
140 Moldova 19.15 2018
141 Pakistan 18.77 2018
142 Lesotho 18.50 2018
143 Haiti 18.30 2018
144 Ethiopia 17.64 2008
145 Libya 17.60 2018
146 Burundi 17.59 2018
147 Congo 16.95 2018
148 Somalia 16.05 1989
149 Equatorial Guinea 15.87 2018
150 Comoros 15.73 2018
151 Argentina 15.40 2017
152 Papua New Guinea 15.22 2018
153 Cameroon 15.13 2018
154 Syrian Arab Republic 15.11 2007
155 Uganda 14.86 2018
156 Guinea-Bissau 14.25 2018
157 Niger 14.00 2018
158 Angola 13.73 2018
159 Eritrea 13.64 2011
160 Gabon 13.06 2018
161 Zimbabwe 13.02 2018
162 Tanzania 12.98 2017
163 Madagascar 12.84 2018
164 Sudan 12.37 2018
165 Central African Republic 12.10 2018
166 Zambia 11.46 2018
167 Tajikistan 11.41 2018
168 Nigeria 10.91 2018
169 Ghana 10.74 2018
170 Malawi 10.47 2016
171 Chad 9.65 2018
172 Timor-Leste 9.54 2018
173 Guinea 8.88 2018
174 Iraq 8.71 2018
175 The Gambia 6.60 2018
176 Dem. Rep. Congo 5.81 2018
177 Yemen 5.64 2013
178 Sierra Leone 5.59 2018
179 Afghanistan 3.26 2018

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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