Private sector credit by country: the latest data

* indicates monthly or quarterly data series
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* indicates monthly or quarterly data series
Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and households. 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 723.29 Mar / 2024 2.18% 7.29%
Algeria 5650.50 Dec / 2021 2.18% 4.85%
Angola 5525.89 Mar / 2024 2.03% 24.53%
Antigua and Barbuda 1.96 Dec / 2019 1.46% 4.64%
Argentina 23891.85 Mar / 2024 27.74% 171.50%
Armenia 4706.56 Mar / 2024 2.20% 19.00%
Aruba 3.82 Dec / 2023 2.01% 9.98%
Australia 3283.61 Mar / 2024 1.17% 4.78%
Austria 379.59 Q4 / 2023 -0.58% -0.89%
Azerbaijan 24.02 Mar / 2024 6.28% 24.63%
Bahamas 5.70 Mar / 2024 0.42% 1.36%
Bahrain 11.12 Mar / 2024 2.43% 1.00%
Bangladesh 16143.98 Jan / 2024 2.57% 9.75%
Barbados 5.75 Nov / 2023 1.68% 2.76%
Belarus 43.07 Jan / 2022 5.41% 8.62%
Belgium 407.89 Mar / 2024 0.40% 2.66%
Belize 2.54 Jan / 2024 2.42% 6.03%
Benin 2289.10 Mar / 2024 3.92% 20.01%
Bolivia 185.41 Feb / 2024 0.39% -1.61%
Bosnia and Herzegovina 22.11 Mar / 2024 2.44% 8.46%
Botswana 72.77 Sep / 2022 2.26% 6.46%
Brazil 5893.71 Apr / 2024 1.92% 8.68%
Brunei 7.27 Dec / 2023 0.17% 3.92%
Bulgaria 85.11 Mar / 2024 3.12% 12.37%
Burkina Faso 4110.60 Mar / 2024 5.83% 15.10%
Burma (Myanmar) 32046.65 Q3 / 2022 2.02% 0.55%
Burundi 3498.94 Jan / 2024 2.74% 31.68%
Cambodia 210397.80 Jan / 2024 0.71% 14.99%
Cameroon 4372.39 Jul / 2023 5.58% 14.85%
Canada 4638.28 Sep / 2020 0.40% 3.25%
Cape Verde 138.97 Mar / 2024 1.73% 7.22%
Central African Republic 179.97 Jul / 2023 -7.92% 0.63%
Chad 818.85 Jul / 2023 -4.24% 7.31%
Chile 227116.33 Mar / 2024 1.19% 3.70%
China 241147.66 Mar / 2024 3.97% 9.16%
Colombia 645450.38 Mar / 2024 0.06% 1.28%
Comoros 97.72 Dec / 2022 -1.39% 12.67%
Costa Rica 23549.50 Mar / 2024 -0.10% 4.95%
Croatia 36.85 Mar / 2024 1.29% 7.81%
Cyprus 22.98 Mar / 2024 0.31% -1.49%
Czechia 3666.44 Mar / 2024 1.48% 7.01%
Denmark 546.29 Jun / 2023 0.15% 0.83%
Djibouti 147.54 Q4 / 2023 -4.98% -17.88%
Dominica 0.67 Dec / 2019 -0.87% -5.57%
Dominican Republic 1654.16 Mar / 2024 3.99% 22.48%
Ecuador 62.82 Mar / 2024 1.38% 8.31%
Egypt 2683.46 Oct / 2023 4.14% 21.12%
El Salvador 17.01 Mar / 2024 0.00% 2.96%
Equatorial Guinea 902.31 Jul / 2023 1.88% 3.36%
Estonia 21.99 Mar / 2024 0.38% 6.18%
Euro area 11745.31 Mar / 2024 -0.20% -0.37%
Faroe Islands 16.87 Feb / 2024 -0.32% 6.60%
Fiji 8.14 Dec / 2023 3.55% 8.83%
Finland 251.82 Dec / 2023 -0.13% -0.30%
France 3072.89 Mar / 2024 -0.29% 0.70%
Gabon 1612.81 Jul / 2023 8.78% 14.09%
Gambia 5.71 Apr / 2019 1.15% 31.43%
Georgia 50.97 Mar / 2024 2.17% 18.49%
Germany 3195.23 Mar / 2024 0.12% 0.59%
Ghana 77.01 Dec / 2023 5.61% 10.01%
Greece 108.03 Mar / 2024 -0.96% 1.90%
Grenada 1.61 Dec / 2019 -0.11% 1.76%
Guatemala 302.47 Mar / 2024 2.15% 11.81%
Guinea-Bissau 165.50 Mar / 2024 -2.76% -0.72%
Guyana 249.03 Mar / 2024 1.97% 11.92%
Haiti 152.76 Aug / 2021 1.89% -9.74%
Honduras 661.29 Mar / 2024 3.45% 16.92%
Hong Kong 7172.63 Mar / 2024 -1.25% -3.06%
Hungary 22750.88 Mar / 2024 0.18% 4.03%
Iceland 3920.92 Mar / 2024 2.14% 5.20%
India 156839.09 Mar / 2024 2.91% 23.32%
Indonesia 6358931.53 Mar / 2024 1.25% 11.47%
Iran 27684900.00 Q4 / 2021 11.37% 57.88%
Iraq 38842.81 Jan / 2024 -1.80% 11.13%
Ireland 131.31 Mar / 2024 -0.73% -0.27%
Israel 1406.92 Jan / 2024 0.60% 5.54%
Italy 1280.08 Mar / 2024 -0.63% -3.18%
Ivory Coast 10703.20 Mar / 2024 1.24% 10.26%
Jamaica 1301.41 Mar / 2024 2.36% 11.72%
Japan 643523.30 Mar / 2024 1.49% 4.77%
Jordan 29.46 Nov / 2023 0.79% 2.32%
Kazakhstan 28691.48 Mar / 2024 2.72% 23.90%
Kenya 3911.20 Jan / 2024 2.52% 13.51%
Kuwait 40.49 Mar / 2024 1.72% 2.85%
Kyrgyzstan 268.90 Apr / 2024 4.66% 24.73%
Laos 150394.14 Dec / 2023 5.60% 28.20%
Latvia 10.60 Mar / 2024 0.09% 3.44%
Lebanon 544833.60 Feb / 2024 395.19% 293.56%
Lesotho 9.41 Q3 / 2023 6.92% 12.29%
Liberia 147.00 Dec / 2023 37.14% 65.03%
Libya 21.95 Q4 / 2023 9.17% 35.34%
Lithuania 25.63 Mar / 2024 1.55% 6.88%
Luxembourg 74.91 Mar / 2024 1.38% -1.69%
Macao 462.11 Q1 / 2024 0.58% -4.95%
North Macedonia 431.73 Sep / 2023 0.53% 5.82%
Madagascar 11028.35 Sep / 2023 1.72% 10.51%
Malawi 1269.00 Mar / 2024 5.56% 26.56%
Malaysia 2042.92 Mar / 2024 1.24% 5.28%
Maldives 31.66 Mar / 2024 -0.14% 8.38%
Mali 3463.40 Mar / 2024 -0.31% 1.15%
Malta 13.47 Mar / 2024 1.15% 7.62%
Mauritius 443.02 Mar / 2024 -0.50% -2.41%
Mexico 5752.97 Mar / 2024 0.94% 9.36%
Moldova 65.21 Mar / 2024 2.93% 7.96%
Mongolia 26226.09 Mar / 2024 8.64% 32.60%
Montenegro 3.07 Mar / 2024 3.38% 7.87%
Montserrat 0.09 Dec / 2019 0.32% -1.66%
Morocco 823.16 Mar / 2024 -0.80% 1.85%
Mozambique 260.68 Jan / 2022 0.84% 3.61%
Namibia 107.89 Feb / 2024 0.60% 0.76%
Nepal 5090.47 Dec / 2023 2.11% 5.35%
Netherlands 880.90 Mar / 2024 -0.20% 0.73%
New Caledonia 1059.59 Q4 / 2021 1.21% 1.22%
New Zealand 543.99 Mar / 2024 0.73% 2.58%
Nicaragua 177.97 Feb / 2024 4.48% 16.45%
Niger 1138.90 Mar / 2024 2.07% -0.53%
Nigeria 80863.02 Feb / 2024 35.48% 93.66%
Norway 5513.49 Mar / 2024 0.71% 2.87%
Oman 20.09 Feb / 2024 -0.15% 1.82%
Pakistan 8404.48 Mar / 2024 -1.57% 0.74%
Palestine 9.38 Mar / 2024 -1.38% 3.50%
Papua New Guinea 15.53 Sep / 2023 4.04% 14.36%
Paraguay 149254.66 Mar / 2024 1.23% 14.02%
Peru 417.04 Apr / 2024 0.60% 0.40%
Philippines 11220.41 Q1 / 2024 0.70% 10.69%
Poland 1154.68 Mar / 2024 1.46% -0.36%
Portugal 200.99 Mar / 2024 -0.07% -0.98%
Qatar 870.78 Mar / 2024 0.81% 4.87%
Republic of the Congo 1163.77 Jul / 2023 6.16% 1.89%
Romania 368.78 Mar / 2024 0.05% 4.19%
Russia 97341.17 Dec / 2023 3.82% 23.31%
Saint Lucia 3.05 Dec / 2019 -0.02% -1.87%
Saint Vincent and the Grenadines 1.07 Dec / 2019 1.19% 1.06%
Samoa 1.14 Q4 / 2023 -0.11% -3.00%
Sao Tome and Principe 1101.48 Mar / 2024 -1.03% 2.86%
Saudi Arabia 2510.61 Mar / 2024 3.02% 10.06%
Senegal 5689.90 Mar / 2024 -2.00% 3.18%
Serbia 2914.07 Mar / 2024 0.12% 2.67%
Seychelles 7.85 Mar / 2024 1.08% 7.35%
Sierra Leone 3220.39 Jan / 2024 5.35% 28.37%
Singapore 650.90 Mar / 2024 0.92% -0.11%
Slovakia 75.69 Apr / 2024 -0.13% 1.70%
Slovenia 23.23 Mar / 2024 0.65% 0.73%
Solomon Islands 2.77 Apr / 2024 0.52% 7.37%
South Africa 4365.34 Mar / 2024 2.14% 3.39%
South Korea 3268614.80 Mar / 2024 0.71% 3.41%
Spain 1114.22 Mar / 2024 -0.39% -2.54%
Sri Lanka 7366.42 Dec / 2023 2.85% -0.61%
Suriname 10.93 Mar / 2024 0.72% 9.56%
Swaziland 18.24 Mar / 2024 0.49% 9.87%
Sweden 7938.57 Mar / 2024 0.23% -0.03%
Switzerland 1349.91 Mar / 2024 1.00% 2.03%
Taiwan 33877.85 Mar / 2024 1.54% 7.55%
Tajikistan 15.87 Mar / 2024 3.05% 25.87%
Tanzania 33271.80 Mar / 2024 3.79% 16.60%
Thailand 20625.10 Mar / 2024 -0.04% 1.46%
Togo 1536.00 Mar / 2024 0.47% 5.87%
Tonga 0.32 Dec / 2022 0.02% -2.30%
Trinidad and Tobago 71.84 Dec / 2023 3.34% 8.18%
Turkey 9962.59 Mar / 2024 12.23% 54.03%
USA 10240.57 Apr / 2024 0.30% 1.70%
Uganda 23579.03 Mar / 2024 0.17% 7.14%
Ukraine 918.88 Mar / 2024 0.91% 3.89%
United Arab Emirates 1254.73 Feb / 2024 -0.22% 3.72%
United Kingdom 2084.92 Mar / 2024 -0.11% -0.26%
Uruguay 858.74 Mar / 2024 -0.77% 11.19%
Uzbekistan 426345.37 Mar / 2024 3.03% 22.86%
Vanuatu 65.64 Feb / 2024 1.07% 5.21%
Venezuela 63068087009.45 Apr / 2024 12.31% 166.01%
Zambia 71.26 Jan / 2024 10.04% 35.08%
Zimbabwe 31320.91 Mar / 2024 250.50% 1874.19%



The table shows the level of bank credit to the private sector around the world, i.e. the total value of debt outstanding at a point in time. The first column of numbers presents the amount in local currency. The second column shows the percent change in that amount from three months ago and the last column shows the percent change since the same month last year. All amounts are in nominal terms.

Note that total private credit consists of business credit and household credit which, in turn, has two components: mortgage credit that finances the acquisition of real estate and consumer credit that includes credit cards, auto loans, personal lines of credit, student loans, and other types of personal credit.

Bank credit is by far the main source of financing for the business sector in almost all countries. Two notable exceptions are the U.S. and the UK where companies can also tap the well developed stock and bond markets to finance projects. In the rest of the world, bank credit is the main source of firm financing.

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