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

Definition: Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

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 227.33 2016
2 Hong Kong SAR, China 203.78 2016
3 United States 192.17 2016
4 Japan 185.00 2016
5 Switzerland 175.26 2016
6 Denmark 170.50 2015
7 China 156.71 2016
8 Thailand 147.32 2016
9 Norway 144.80 2016
10 South Africa 144.41 2016
11 Korea 143.34 2016
12 Australia 142.93 2016
13 New Zealand 142.33 2010
14 United Kingdom 134.41 2016
15 Singapore 132.91 2016
16 Sweden 128.73 2016
17 Canada 124.41 2008
18 Malaysia 123.91 2016
19 Vietnam 123.81 2016
20 Macao SAR, China 118.10 2016
21 Chile 112.12 2016
22 Portugal 112.03 2016
23 Spain 111.34 2016
24 Netherlands 110.26 2016
25 Greece 108.78 2016
26 Lebanon 107.25 2016
27 Kuwait 103.62 2016
28 Luxembourg 102.39 2016
29 France 97.60 2016
30 Mauritius 96.36 2016
31 Finland 94.82 2016
32 Panama 91.02 2016
33 Fiji 88.49 2016
34 Iceland 87.32 2016
35 Malta 86.66 2016
36 United Arab Emirates 85.89 2016
37 Italy 85.72 2016
38 Austria 84.67 2016
39 Barbados 83.45 2009
40 Tunisia 81.16 2016
41 Nepal 81.05 2016
42 Samoa 80.04 2016
43 Qatar 79.38 2016
44 Germany 77.23 2016
45 Oman 75.56 2016
46 Jordan 75.11 2016
47 Bahrain 73.72 2015
48 Estonia 71.93 2016
49 St. Lucia 71.79 2016
50 Turkey 69.85 2016
51 Cambodia 69.66 2016
52 Vanuatu 68.52 2016
53 Latvia 67.64 2016
54 Iran 66.06 2016
55 Israel 65.58 2016
56 Belgium 64.43 2016
57 Bolivia 64.23 2016
58 Morocco 64.04 2016
59 Cabo Verde 63.02 2016
60 Brazil 62.19 2016
61 Georgia 61.85 2016
62 Croatia 61.27 2016
63 Costa Rica 59.26 2016
64 Mongolia 58.57 2016
65 Saudi Arabia 57.98 2016
66 Belize 57.54 2016
67 Slovak Republic 57.00 2016
68 St. Kitts and Nevis 56.95 2016
69 Honduras 56.33 2016
70 The Bahamas 54.80 2016
71 Russia 54.72 2015
72 Poland 54.56 2016
73 Paraguay 54.42 2016
74 Grenada 54.00 2016
75 Bosnia and Herzegovina 53.18 2016
76 Namibia 53.16 2016
77 Bulgaria 52.77 2016
78 Czech Republic 51.21 2016
79 St. Vincent and the Grenadines 50.94 2016
80 India 49.77 2016
81 Montenegro 48.88 2016
82 Armenia 48.75 2016
83 Antigua and Barbuda 47.96 2016
84 Ireland 47.45 2016
85 Macedonia 47.44 2016
86 Ukraine 47.33 2016
87 Colombia 47.11 2016
88 Bhutan 47.02 2016
89 Slovenia 46.67 2016
90 Dominica 46.52 2016
91 Sri Lanka 45.97 2016
92 El Salvador 45.57 2016
93 Guyana 44.74 2016
94 Philippines 44.71 2016
95 Bangladesh 44.45 2016
96 Brunei 44.30 2016
97 Serbia 43.44 2016
98 Lithuania 42.97 2016
99 Trinidad and Tobago 39.58 2016
100 Indonesia 39.39 2016
101 Togo 39.28 2016
102 Solomon Islands 39.02 2016
103 Nicaragua 38.74 2016
104 Tonga 37.53 2016
105 Suriname 36.76 2016
106 Peru 36.21 2016
107 Mexico 35.01 2016
108 Albania 34.72 2016
109 Mozambique 34.50 2016
110 Hungary 34.45 2016
111 Guatemala 34.30 2016
112 Egypt 34.15 2016
113 Kazakhstan 33.36 2016
114 Senegal 33.27 2016
115 Kenya 32.85 2016
116 Jamaica 32.06 2016
117 Botswana 31.68 2016
118 Moldova 30.56 2016
119 Djibouti 30.47 2015
120 Venezuela 29.90 2013
121 Ecuador 29.15 2016
122 Dominican Republic 28.41 2016
123 Romania 28.21 2016
124 Uruguay 28.16 2016
125 Burkina Faso 27.53 2016
126 São Tomé and Principe 27.02 2016
127 Seychelles 26.91 2016
128 Azerbaijan 26.57 2016
129 Comoros 26.50 2016
130 Belarus 25.89 2016
131 Mali 25.46 2016
132 Congo 25.02 2016
133 Mauritania 23.11 2012
134 Algeria 23.02 2016
135 Papua New Guinea 22.72 2016
136 Côte d'Ivoire 22.53 2016
137 Myanmar 21.99 2016
138 Benin 21.76 2016
139 Swaziland 21.59 2016
140 Kyrgyz Republic 21.23 2016
141 Rwanda 21.17 2016
142 Angola 21.13 2016
143 Lao PDR 20.92 2010
144 Liberia 20.64 2015
145 Libya 19.69 2011
146 Ghana 19.59 2016
147 Tajikistan 19.21 2016
148 Haiti 18.34 2016
149 Equatorial Guinea 18.18 2016
150 Ethiopia 17.71 2008
151 Lesotho 16.81 2016
152 Burundi 16.74 2016
153 Pakistan 16.51 2016
154 Zimbabwe 15.79 2005
155 Nigeria 15.67 2016
156 Cameroon 15.62 2016
157 Syrian Arab Republic 15.11 2007
158 Uganda 14.55 2016
159 Tanzania 14.28 2016
160 Argentina 13.97 2016
161 Eritrea 13.91 2011
162 Niger 13.68 2016
163 Gabon 13.64 2016
164 Madagascar 13.14 2016
165 The Gambia 13.03 2014
166 Central African Republic 12.79 2016
167 Zambia 12.04 2016
168 Timor-Leste 11.66 2016
169 Malawi 10.47 2016
170 Chad 10.25 2016
171 Guinea 9.87 2016
172 Iraq 9.21 2015
173 Sudan 8.86 2016
174 Dem. Rep. Congo 8.02 2016
175 Guinea-Bissau 6.91 2016
176 Yemen 5.64 2013
177 Sierra Leone 5.54 2016
178 Afghanistan 3.60 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 are taken from the financial corporations survey (line 52D) of the International Monetary Fund's (IMF) International Financial Statistics or, when unavailable, from its depository survey (line 32D). The banking sector includes monetary authorities (the central bank) and deposit money banks, as well as other financial corporations where data are available (including institutions that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.

Aggregation method: Weighted average

Periodicity: Annual