Ranking
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Claims on domestic real nonfinancial sector by the Central Bank as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is Central Bank claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Central Bank claims (IFS lines 12, a-d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).
As of 2021, Japan ranks first with 89.06%, followed by Libya (54.08%) and Italy (43.03%).
Japan is 1.6 times higher than Libya, the runner-up.
Across 135 countries and territories, values run from 89.06% (Japan) to 0.00% (Costa Rica), with a median of 5.33%.
By region, the top 10 is made up of 5 from Europe, 2 from Africa, 2 from the Americas and 1 from Asia.
Source: World Bank Open Data — Central bank assets to GDP (%), 2021. Unit: %.
Source: World Bank Open Data — Central bank assets to GDP (%) · CC BY 4.0 · fetched Oct 17, 2026