Business credit by country: the latest data

* indicates monthly or quarterly data series
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* indicates monthly or quarterly data series
Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.



Countries Latest value Reference Change three months Change twelve months
Albania 427.86 Mar / 2024 1.39% 5.60%
Angola 4298.69 Mar / 2024 2.25% 22.18%
Antigua and Barbuda 0.70 Dec / 2019 1.98% 7.94%
Argentina 13931.52 Mar / 2024 37.34% 215.39%
Armenia 2191.80 Mar / 2024 0.02% 18.78%
Aruba 1.76 Dec / 2023 2.76% 16.12%
Australia 1034.94 Mar / 2024 1.81% 5.91%
Austria 198.73 Q4 / 2023 -0.74% 0.70%
Azerbaijan 9.55 Mar / 2024 11.12% 27.53%
Bahrain 5.28 Mar / 2024 5.23% 1.61%
Bangladesh 13065.63 Jan / 2024 2.63% 9.59%
Barbados 2.22 Mar / 2024 0.14% 6.12%
Belarus 26.26 Jan / 2022 7.98% 10.10%
Belgium 153.82 Mar / 2024 0.41% 4.04%
Benin 1732.10 Mar / 2024 4.57% 27.10%
Bosnia and Herzegovina 10.06 Mar / 2024 2.96% 8.69%
Botswana 25.52 Sep / 2022 2.62% 8.50%
Brazil 2249.58 Apr / 2024 1.23% 5.29%
Bulgaria 45.04 Mar / 2024 2.04% 8.16%
Burkina Faso 2331.50 Mar / 2024 9.22% 22.79%
Cambodia 161876.50 Jan / 2024 1.75% 16.26%
Canada 2304.15 Sep / 2020 -0.97% 3.00%
Chile 125399.14 Mar / 2024 1.12% 1.81%
China 161516.42 Mar / 2024 5.09% 11.37%
Colombia 338159.40 Mar / 2024 1.12% 2.80%
Costa Rica 12200.06 Mar / 2024 10.20% 16.32%
Croatia 14.55 Mar / 2024 -0.49% 3.67%
Cyprus 11.92 Mar / 2024 1.46% -1.75%
Czechia 1397.23 Mar / 2024 2.38% 10.48%
Denmark 207.78 Jun / 2023 0.60% 5.98%
Djibouti 101.97 Q4 / 2023 -6.26% -28.98%
Dominica 0.26 Dec / 2019 -1.90% -10.27%
Dominican Republic 955.24 Mar / 2024 3.96% 23.71%
Ecuador 21.10 Mar / 2024 1.03% 5.81%
Egypt 1869.55 Feb / 2024 3.74% 15.49%
El Salvador 7.75 Mar / 2024 0.00% 1.49%
Estonia 9.71 Mar / 2024 -0.20% 6.06%
Euro area 5113.66 Mar / 2024 -0.00% -0.38%
Faroe Islands 6.69 Feb / 2024 -0.43% 4.31%
Fiji 5.77 Dec / 2023 4.07% 9.01%
Finland 107.56 Mar / 2024 1.67% 2.77%
France 1349.17 Mar / 2024 -0.12% 1.29%
Gambia 5.13 Apr / 2019 -2.10% 29.24%
Georgia 22.96 Mar / 2024 1.53% 21.56%
Germany 1167.76 Mar / 2024 0.34% 0.72%
Greece 71.93 Mar / 2024 -0.14% 5.49%
Grenada 0.57 Dec / 2019 -0.02% 8.33%
Guatemala 126.86 Mar / 2024 0.87% 5.42%
Guinea-Bissau 71.70 Mar / 2024 -6.15% -13.09%
Guyana 199.04 Mar / 2024 0.93% 14.09%
Honduras 328.07 Mar / 2024 3.13% 11.54%
Hungary 12478.58 Mar / 2024 -0.55% 4.19%
Iceland 1822.41 Mar / 2024 3.52% 6.41%
India 103477.80 Mar / 2024 2.81% 19.87%
Indonesia 2943213.45 Mar / 2024 2.14% 15.89%
Ireland 29.75 Mar / 2024 -3.36% -5.59%
Israel 706.55 Jan / 2024 0.49% 7.82%
Italy 613.33 Mar / 2024 -0.72% -4.63%
Ivory Coast 8133.40 Mar / 2024 1.49% 10.53%
Jamaica 641.87 Mar / 2024 1.74% 9.73%
Japan 461735.60 Mar / 2024 1.65% 5.30%
Kazakhstan 9463.74 Mar / 2024 -2.29% 11.01%
Kenya 3208.50 Jan / 2024 3.06% 14.14%
Kuwait 21.68 Mar / 2024 3.02% 3.68%
Latvia 4.79 Mar / 2024 -0.49% 3.25%
Lesotho 2.57 Q3 / 2023 9.76% 15.02%
Lithuania 10.93 Mar / 2024 1.84% 7.43%
Luxembourg 27.62 Mar / 2024 -0.27% -6.18%
Macao 130.52 Q1 / 2024 2.02% -11.09%
North Macedonia 209.15 Jan / 2024 1.35% 4.52%
Madagascar 7083.30 Sep / 2023 -0.72% 6.17%
Malaysia 760.90 Mar / 2024 1.16% 3.55%
Mali 2308.60 Mar / 2024 0.48% 1.06%
Malta 4.69 Mar / 2024 -0.85% 5.50%
Mauritius 223.09 Mar / 2024 -2.82% -12.11%
Mexico 3053.09 Mar / 2024 0.17% 6.61%
Moldova 38.30 Mar / 2024 0.56% 1.91%
Mongolia 9295.90 Mar / 2024 7.17% 22.30%
Montenegro 1.32 Mar / 2024 3.76% 5.51%
Montserrat 0.01 Dec / 2019 6.26% 2.83%
Morocco 432.10 Mar / 2024 -2.41% 1.95%
Mozambique 154.36 Jan / 2022 -2.11% -3.20%
Namibia 40.97 Feb / 2024 -0.23% -1.86%
Netherlands 299.82 Mar / 2024 -2.12% -4.41%
New Caledonia 522.97 Q4 / 2021 1.70% 1.57%
New Zealand 274.56 Mar / 2024 0.60% 1.19%
Nicaragua 79.45 Feb / 2024 3.92% 10.14%
Niger 558.40 Mar / 2024 2.86% 1.45%
Norway 1730.94 Mar / 2024 1.74% 3.99%
Pakistan 7266.78 Mar / 2024 -1.82% 0.94%
Palestine 4.86 Mar / 2024 -1.85% -1.18%
Peru 245.90 Apr / 2024 0.51% -2.33%
Philippines 8954.54 Mar / 2024 0.16% 9.06%
Poland 422.50 Mar / 2024 2.69% -2.29%
Portugal 72.76 Mar / 2024 -0.67% -2.41%
Romania 192.76 Mar / 2024 -1.00% 5.07%
Russia 61883.72 Dec / 2023 3.68% 23.44%
Saint Lucia 1.17 Dec / 2019 -1.47% -7.30%
Saint Vincent and the Grenadines 0.17 Dec / 2019 5.50% 4.66%
Samoa 0.92 Q4 / 2023 -2.32% -4.91%
Senegal 3164.20 Mar / 2024 -5.88% -3.60%
Serbia 1419.17 Mar / 2024 -1.19% 2.77%
Seychelles 6.05 Mar / 2024 0.23% 2.40%
Singapore 338.49 Mar / 2024 1.87% -0.96%
Slovakia 22.89 Apr / 2024 -2.05% -2.57%
Slovenia 10.19 Mar / 2024 -0.05% -3.58%
South Africa 2220.37 Mar / 2024 3.16% 5.19%
South Korea 1971466.00 Mar / 2024 1.47% 5.64%
Spain 446.18 Mar / 2024 -0.38% -3.66%
Suriname 5.96 Mar / 2024 -1.98% -0.39%
Swaziland 9.72 Mar / 2024 0.08% 13.80%
Sweden 2958.72 Mar / 2024 0.01% -1.10%
Switzerland 449.03 Mar / 2024 2.20% 3.06%
Taiwan 15494.80 Mar / 2024 0.92% 6.22%
Tajikistan 7.99 Mar / 2024 -0.55% 15.31%
Tanzania 18052.04 Q3 / 2023 4.54% 21.20%
Thailand 7429.35 Mar / 2024 0.17% 0.54%
Togo 775.40 Mar / 2024 6.03% 11.44%
Trinidad and Tobago 21.36 Dec / 2023 4.04% 9.35%
Turkey 7021.10 Mar / 2024 12.04% 49.69%
USA 5769.20 Apr / 2024 0.92% 1.28%
Uganda 18528.33 Mar / 2024 -0.96% 4.79%
Ukraine 667.30 Mar / 2024 -0.96% 0.05%
United Arab Emirates 828.48 Feb / 2024 -0.96% 1.64%
United Kingdom 483.30 Mar / 2024 -0.46% -1.64%
Vanuatu 28.54 Feb / 2024 3.87% 1.41%
Zimbabwe 23042.87 Mar / 2024 255.72% 1785.14%



The table shows the level of bank credit to private non-financial firms around the world including the most recent value and the percent changes since three months ago and one year ago. The numbers are continuously updated with the latest data from the national authorities. The data are in billion local currency units.

Business credit is a major contributing factor to long-term economic growth as it allows firms to invest in new technologies and to expand their scale. Since banks try to channel funds to the most promising projects and then monitor their execution, business credit also helps raise the overall productivity in the economy.

Business credit used to be the main type of credit extended by commercial banks but this has been changing over time. Household credit has increased in importance and has even exceeded business credit in many of the developed countries.

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