Ranking
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Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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, Hong Kong ranks first with 260.01%, followed by Macau (238.19%) and Japan (193.96%).
Across 137 countries and territories, values run from 260.01% (Hong Kong) to 6.62% (Sudan), with a median of 50.95%.
By region, the top 10 is made up of 7 from Asia, 2 from Europe and 1 from Oceania.
Source: World Bank Open Data — Private credit by deposit money banks and other financial institutions to GDP (%), 2021. Unit: %.
Source: World Bank Open Data — Private credit by deposit money banks and other financial institutions to GDP (%) · CC BY 4.0 · fetched Oct 17, 2026