Hong Kong: Bank credit to the private sector

* indicates monthly or quarterly data series
 Hong Kong

Bank credit to the private sector as percent of GDP

 Latest value 263.59
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 176.14
 Min - Max 129.52 - 263.59
 Source The World Bank
For that indicator, we provide data for Hong Kong from 1990 to 2022. The average value for Hong Kong during that period was 176.14 percent with a minimum of 129.52 percent in 1992 and a maximum of 263.59 percent in 2022. The latest value from 2022 is 263.59 percent. For comparison, the world average in 2022 based on 148 countries is 54.21 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Hong Kong - Bank credit to the private sector - Recent values chart

Historical chart
Hong Kong - Bank credit to the private sector - historical chart - 1990-2022




Bank credit in Hong Kong and other countries is defined as the credit extended by the banking institutions to the private sector only: both firms and households. It does not include lending to the government.

Credit is essential for the economy to function well. It funds new investments and allows people to purchase houses, cars, and other items. Of course, excessive lending and borrowing usually end up in financial crises but, in principle, credit availability is good for economic development.

If the banking credit to the private sector is about 70 percent of GDP and more, then the country has a relatively well developed financial system. The amount of credit can even exceed 200 percent of GDP in some very advanced economies. In some poor countries, the credit could be less than 15 percent of GDP. In these countries, firms and households essentially do not have access to credit for investment and various purchases.
Definition: Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles



 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 51.17 2021 ATMs per 100,000 adults
 Bank branches per 100,000 people 19.83 2021 bank branches
 Percent people with credit cards 71.63 2021 percent
 Percent people with debit cards 88.06 2021 percent
 Domestic credit to the private sector 258.95 2020 percent
 Bank credit to the private sector 263.59 2022 percent
 Liquid liabilities, percent of GDP 438.75 2021 percent
 Bank assets to GDP 268.82 2021 percent
 Financial system deposits, percent of GDP 402.94 2021 percent
 Bank credit to government 7.71 2020 percent
 Banking system concentration 62.47 2021 percent
 Foreign bank assets 92.00 2013 percent of total bank assets
 Percent people with bank accounts 97.80 2021 percent
This site uses cookies.
Learn more here


OK