Countries Where Firms Use Banks Most for Investment (2024)
Source: World Bank·25 countries·Updated 2024
Bank-financed investment reflects financial development. {#1} has {#1_value} of firms using bank financing.
Israel leads with firms using banks to finance investment (%) of 83.2%.
Central African Republic ranks #2 at 56.5%.
India ranks #3 at 56.1%.
Peru ranks #4 at 54.0%.
France ranks #5 at 48.9%.
Top 25 Countries by Firms Using Banks to Finance Investment (%)
| # | Country | Firms Using Banks to Finance Investment (%) | Year |
|---|---|---|---|
| 1 |  Israel | 83.2% | 2024 |
| 2 |  Central African Republic | 56.5% | 2023 |
| 3 |  India | 56.1% | 2022 |
| 4 |  Peru | 54.0% | 2023 |
| 5 |  France | 48.9% | 2021 |
| 6 |  Italy | 48.8% | 2024 |
| 7 |  Malawi | 47.7% | 2025 |
| 8 |  Belgium | 47.7% | 2024 |
| 9 |  Burundi | 47.2% | 2025 |
| 10 |  Poland | 46.8% | 2025 |
| 11 |  Morocco | 46.5% | 2023 |
| 12 |  Korea, Rep. | 46.4% | 2024 |
| 13 |  Armenia | 45.2% | 2024 |
| 14 |  Slovak Republic | 43.7% | 2023 |
| 15 |  Serbia | 40.7% | 2024 |
| 16 |  Spain | 40.0% | 2024 |
| 17 |  El Salvador | 39.4% | 2023 |
| 18 |  Colombia | 38.5% | 2023 |
| 19 |  Cote d'Ivoire | 38.4% | 2023 |
| 20 |  Bosnia and Herzegovina | 38.0% | 2023 |
| 21 |  Ecuador | 37.8% | 2024 |
| 22 |  Papua New Guinea | 37.4% | 2024 |
| 23 |  South Sudan | 36.1% | 2024 |
| 24 |  Georgia | 35.3% | 2023 |
| 25 |  Iceland | 35.0% | 2024 |
Data from 117 countries is available. View full rankings →
FAQ
What is the highest firms using banks to finance investment (%) in 2024?
Israel has the highest firms using banks to finance investment (%) at 83.2% in 2024.
How many countries are included in this ranking?
This article features the top 25 countries out of 117 with available data. Full rankings available on the indicator page.
Where does this data come from?
Data is sourced from the World Bank. It is updated regularly as new releases become available.