Credit to Non-financial Sector (% of GDP, Quarterly)
Reviewed series · Credit & Debt · Quarterly · % of GDP · BIS.CREDIT.TOTAL.GDP.Q
The all-sector aggregate uses government market values when available and nominal government values otherwise; do not assume all its components have market-value coverage. Gross outstanding core debt: loans, debt securities, and currency/deposits, financed by all domestic and foreign lenders. Assets are not deducted. End-quarter debt divided by the sum of the last four quarters of GDP. BIS statistics are freely sourced and their inclusion must not result in any additional charge to users. BIS attribution is required; resale is not permitted by SOTW's rights policy. Collection time is not the original publication timestamp. Source dimensions, unit multipliers, confidentiality and observation flags are retained. Terms: https://data.bis.org/help/legal
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Latest reading by geography
Sorted by value, highest first. Each row keeps its own period, and national definitions can differ, so the order is not a like for like ranking.
| # | Country or area | Value (% of GDP) | Period | History |
|---|---|---|---|---|
| 1 | LuxembourgLUX | 482.00 | 2026-Q1 | History |
| 2 | Hong KongHKG | 419.70 | 2026-Q1 | History |
| 3 | JapanJPN | 349.40 | 2026-Q1 | History |
| 4 | SingaporeSGP | 333.60 | 2026-Q1 | History |
| 5 | FranceFRA | 323.70 | 2026-Q1 | History |
| 6 | CanadaCAN | 315.90 | 2026-Q1 | History |
| 7 | ChinaCHN | 305.20 | 2026-Q1 | History |
| 8 | NetherlandsNLD | 304.10 | 2026-Q1 | History |
| 9 | SwitzerlandCHE | 283.80 | 2026-Q1 | History |
| 10 | BelgiumBEL | 273.90 | 2026-Q1 | History |
| 11 | NorwayNOR | 272.70 | 2026-Q1 | History |
| 12 | SwedenSWE | 270.20 | 2026-Q1 | History |
| 13 | FinlandFIN | 257.10 | 2026-Q1 | History |
| 14 | United StatesUSA | 250.50 | 2026-Q1 | History |
| 15 | DenmarkDNK | 244.20 | 2026-Q1 | History |
| G20 | 243.70 | 2026-Q1 | History | |
| 16 | GreeceGRC | 240.60 | 2026-Q1 | History |
| Euro area (XM) | 239.10 | 2026-Q1 | History | |
| 17 | South KoreaKOR | 236.40 | 2026-Q1 | History |
| 18 | ItalyITA | 231.50 | 2026-Q1 | History |
| 19 | AustraliaAUS | 226.90 | 2026-Q1 | History |
| 20 | MalaysiaMYS | 224.30 | 2026-Q1 | History |
| 21 | SpainESP | 218.00 | 2026-Q1 | History |
| 22 | PortugalPRT | 217.40 | 2026-Q1 | History |
| 23 | ThailandTHA | 215.90 | 2026-Q1 | History |
| 24 | United KingdomGBR | 214.90 | 2026-Q1 | History |
| 25 | New ZealandNZL | 214.00 | 2026-Q1 | History |
| 26 | AustriaAUT | 202.70 | 2026-Q1 | History |
| 27 | GermanyDEU | 193.60 | 2026-Q1 | History |
| 28 | IsraelISR | 191.00 | 2026-Q1 | History |
| 29 | IndiaIND | 188.60 | 2026-Q1 | History |
| 30 | BrazilBRA | 184.30 | 2026-Q1 | History |
| 31 | ChileCHL | 171.40 | 2026-Q1 | History |
| 32 | HungaryHUN | 163.90 | 2026-Q1 | History |
| 33 | IrelandIRL | 163.40 | 2026-Q1 | History |
| 34 | South AfricaZAF | 146.10 | 2026-Q1 | History |
| 35 | CzechiaCZE | 128.50 | 2026-Q1 | History |
| 36 | RussiaRUS | 124.00 | 2026-Q1 | History |
| 37 | ColombiaCOL | 121.00 | 2026-Q1 | History |
| 38 | PolandPOL | 117.30 | 2026-Q1 | History |
| 39 | Saudi ArabiaSAU | 110.30 | 2026-Q1 | History |
| 40 | ArgentinaARG | 101.90 | 2026-Q1 | History |
| 41 | MexicoMEX | 88.70 | 2026-Q1 | History |
| 42 | IndonesiaIDN | 80.50 | 2026-Q1 | History |
| 43 | TürkiyeTUR | 71.90 | 2026-Q1 | History |
Source: Bank for International Settlements. 45 geographies, periods 2026-01-01 to 2026-01-01. n/a means the source value is missing or withheld.