Private sector credit by country: the latest data

* indicates monthly or quarterly data series
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* indicates monthly or quarterly data series
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.

Definition: 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 available value Reference date Change three months Change twelve months
Albania 673.81 Dec / 2022 -0.83% 7.03%
Algeria 5650.50 Dec / 2021 2.18% 4.85%
Angola 4248.25 Dec / 2022 -4.63% -2.85%
Antigua and Barbuda 1.96 Dec / 2019 1.46% 4.64%
Argentina 7505.15 Dec / 2022 15.66% 65.10%
Armenia 3842.36 Jan / 2023 5.52% 6.15%
Aruba 3.47 Dec / 2022 1.31% 1.71%
Australia 3223.28 Dec / 2022 1.22% 8.02%
Austria 386.96 Q4 / 2022 0.34% 6.32%
Azerbaijan 17.50 Jul / 2022 4.43% 27.04%
Bahamas 5.53 Dec / 2022 0.51% -1.05%
Bahrain 10.70 Dec / 2022 -1.89% 2.34%
Bangladesh 14531.30 Nov / 2022 2.98% 13.51%
Barbados 5.62 Dec / 2022 2.43% 2.21%
Belarus 43.07 Jan / 2022 5.41% 8.62%
Belgium 395.92 Dec / 2022 0.87% 7.76%
Belize 2.39 Jan / 2023 1.19% 4.67%
Benin 1847.00 Dec / 2022 19.31% 23.09%
Bolivia 184.06 Sep / 2022 1.73% 7.12%
Bosnia and Herzegovina 20.16 Dec / 2022 0.66% 4.81%
Botswana 72.77 Sep / 2022 2.26% 6.46%
Brazil 2145.00 Dec / 2022 2.15% -54.10%
Brunei 7.00 Dec / 2022 0.03% 5.97%
Bulgaria 74.27 Dec / 2022 2.07% 12.22%
Burkina Faso 3669.50 Dec / 2022 4.51% 14.43%
Burma (Myanmar) 32046.65 Q3 / 2022 2.02% 0.55%
Burundi 2519.88 Oct / 2022 6.57% 49.52%
Cambodia 181266.90 Nov / 2022 3.29% 19.79%
Cameroon 3892.64 Sep / 2022 3.99% 15.06%
Canada 4638.28 Sep / 2020 0.40% 3.25%
Cape Verde 127.04 Nov / 2022 2.10% 4.91%
Central African Republic 180.57 Sep / 2022 1.96% 18.62%
Chad 790.77 Aug / 2022 4.41% 20.33%
Chile 219261.11 Dec / 2022 1.17% 10.06%
China 210342.07 Dec / 2022 1.28% 10.76%
Colombia 627483.00 Nov / 2022 3.68% 17.24%
Comoros 97.72 Dec / 2022 -1.39% 12.67%
Costa Rica 23141.23 Dec / 2022 0.40% 3.31%
Croatia 33.57 Dec / 2022 1.22% 11.16%
Cyprus 24.12 Dec / 2022 -7.03% -12.14%
Czechia 3390.97 Dec / 2022 -0.67% 4.36%
Denmark 543.66 Nov / 2022 -0.56% 3.29%
Djibouti 180.01 Q4 / 2021 -3.31% 52.60%
Dominica 0.67 Dec / 2019 -0.87% -5.57%
Dominican Republic 1321.65 Dec / 2022 4.17% 15.13%
Ecuador 56.64 Dec / 2022 2.75% 15.93%
Egypt 2132.95 Sep / 2022 4.15% 25.36%
El Salvador 16.27 Dec / 2022 2.01% 10.48%
Equatorial Guinea 869.93 Sep / 2022 0.33% -2.06%
Estonia 20.61 Dec / 2022 2.44% 11.43%
Euro area 11756.24 Dec / 2022 -0.10% 4.66%
Faroe Islands 15.63 Nov / 2022 2.52% 4.33%
Fiji 7.48 Dec / 2022 1.21% 9.95%
Finland 250.95 Dec / 2022 -0.16% 3.06%
France 3044.23 Dec / 2022 1.30% 5.87%
Gabon 1442.71 Sep / 2022 3.66% 26.28%
Gambia 5.71 Apr / 2019 1.15% 31.43%
Georgia 43.02 Dec / 2022 3.28% 3.57%
Germany 3166.96 Dec / 2022 0.16% 6.50%
Ghana 70.00 Dec / 2022 -1.28% 30.19%
Greece 105.36 Jan / 2023 -0.21% 3.62%
Grenada 1.61 Dec / 2019 -0.11% 1.76%
Guatemala 263.05 Dec / 2022 2.45% 13.85%
Guinea-Bissau 167.70 Dec / 2022 0.30% 20.65%
Guyana 220.54 Dec / 2022 2.69% 16.93%
Haiti 152.76 Aug / 2021 1.89% -9.74%
Honduras 539.58 Dec / 2022 5.86% 17.97%
Hong Kong 7290.75 Dec / 2022 -0.41% 0.84%
Hungary 21999.92 Dec / 2022 0.53% 11.54%
Iceland 3637.75 Dec / 2022 2.25% 11.16%
India 123622.16 Dec / 2022 5.42% 19.57%
Indonesia 5673505.51 Dec / 2022 3.09% 9.88%
Iran 27684900.00 Q4 / 2021 11.37% 57.88%
Iraq 33780.07 Nov / 2022 6.21% 17.44%
Ireland 132.46 Dec / 2022 -1.12% 11.53%
Israel 1315.85 Nov / 2022 1.62% 13.28%
Italy 1329.78 Dec / 2022 -1.92% 0.29%
Ivory Coast 9090.10 Dec / 2022 8.38% 8.69%
Jamaica 1137.66 Dec / 2022 4.06% 13.89%
Japan 608053.60 Jan / 2023 1.19% 4.29%
Jordan 28.87 Dec / 2022 0.11% 8.09%
Kazakhstan 22811.88 Dec / 2022 8.11% 23.32%
Kenya 3433.50 Dec / 2022 2.11% 12.46%
Kuwait 39.24 Dec / 2022 0.43% 7.48%
Kyrgyzstan 204.03 Dec / 2022 5.05% 12.24%
Laos 109855.24 Sep / 2022 6.08% 47.34%
Latvia 10.25 Dec / 2022 1.02% 6.05%
Lebanon 26886.20 Dec / 2022 -9.58% -27.75%
Lesotho 8.12 Q2 / 2022 2.05% 7.74%
Liberia 86.85 Oct / 2022 0.10% 10.32%
Libya 15.83 Q2 / 2022 3.44% 30.04%
Lithuania 23.95 Dec / 2022 1.35% 14.11%
Luxembourg 76.14 Dec / 2022 -1.33% 4.41%
Macao 482.26 Q4 / 2022 0.28% -1.17%
North Macedonia 418.39 Dec / 2022 2.55% 9.31%
Madagascar 9419.80 Jun / 2022 1.24% 19.64%
Malawi 1020.00 Dec / 2022 3.46% 24.10%
Malaysia 1927.58 Dec / 2022 1.23% 5.26%
Maldives 29.05 Dec / 2022 2.57% 4.52%
Mali 3468.00 Dec / 2022 0.35% 14.96%
Malta 12.28 Dec / 2022 1.45% 8.76%
Mauritius 452.78 Dec / 2022 3.60% 9.40%
Mexico 5079.86 Dec / 2022 2.54% 12.46%
Moldova 60.94 Dec / 2022 2.38% 9.41%
Mongolia 19056.96 Dec / 2022 2.20% 9.47%
Montenegro 2.78 Dec / 2022 0.71% 8.22%
Montserrat 0.09 Dec / 2019 0.32% -1.66%
Morocco 828.91 Dec / 2022 0.84% 7.38%
Mozambique 260.68 Jan / 2022 0.84% 3.61%
Namibia 105.99 Nov / 2022 0.86% 3.39%
Nepal 4832.11 Dec / 2022 1.30% 5.03%
Netherlands 869.73 Dec / 2022 -0.57% 6.00%
New Caledonia 1059.59 Q4 / 2021 1.21% 1.22%
New Zealand 528.78 Dec / 2022 1.03% 4.37%
Nicaragua 146.84 Dec / 2022 5.02% 15.54%
Niger 1192.20 Dec / 2022 5.46% 13.53%
Nigeria 41802.19 Dec / 2022 3.18% 18.77%
Norway 5304.76 Dec / 2022 1.24% 6.67%
Oman 19.48 Nov / 2022 1.33% 1.78%
Pakistan 8412.58 Jan / 2023 3.08% 12.77%
Palestine 8.82 Dec / 2022 2.21% 6.83%
Papua New Guinea 12.99 Jun / 2022 -0.90% 2.23%
Paraguay 117989.76 Jan / 2023 1.81% 10.17%
Peru 412.04 Dec / 2022 0.31% 6.37%
Philippines 9857.69 Q3 / 2022 2.44% 15.01%
Poland 1160.48 Dec / 2022 -3.93% -1.46%
Portugal 204.63 Dec / 2022 -0.34% 1.94%
Qatar 806.79 Nov / 2022 1.98% 5.71%
Republic of the Congo 1152.23 Sep / 2022 -1.32% 3.82%
Romania 347.98 Dec / 2022 -0.58% 11.21%
Russia 78942.55 Dec / 2022 6.62% 14.70%
Saint Lucia 3.05 Dec / 2019 -0.02% -1.87%
Saint Vincent and the Grenadines 1.07 Dec / 2019 1.19% 1.06%
Samoa 1.18 Q3 / 2022 0.61% -1.26%
Sao Tome and Principe 1512.60 Dec / 2022 -1.48% -17.12%
Saudi Arabia 2221.32 Dec / 2022 1.18% 13.09%
Senegal 5536.40 Dec / 2022 7.63% 26.08%
Serbia 2860.68 Dec / 2022 -0.72% 5.11%
Seychelles 7.46 Dec / 2022 3.55% 2.86%
Sierra Leone 2447.32 Dec / 2022 -0.81% 7.58%
Singapore 663.95 Dec / 2022 -3.51% -2.00%
Slovakia 73.08 Dec / 2022 0.98% 12.30%
Slovenia 23.20 Dec / 2022 0.13% 9.69%
Solomon Islands 2.59 Dec / 2022 0.31% 2.55%
South Africa 4082.94 Dec / 2022 1.25% 9.21%
South Korea 3166213.40 Dec / 2022 0.76% 7.21%
Spain 1156.25 Dec / 2022 -0.63% -0.51%
Suriname 8.97 Dec / 2022 14.23% 44.36%
Swaziland 16.56 Dec / 2022 1.93% 13.46%
Sweden 7904.21 Dec / 2022 0.66% 7.20%
Switzerland 1312.87 Dec / 2022 -0.13% 2.99%
Taiwan 31677.91 Dec / 2022 0.97% 7.46%
Tajikistan 11.53 Dec / 2022 6.41% 18.04%
Tanzania 27372.50 Dec / 2022 6.20% 22.50%
Thailand 20316.92 Dec / 2022 0.12% 2.12%
Togo 1421.50 Dec / 2022 9.12% 15.22%
Tonga 0.32 Jun / 2022 -1.28% -5.50%
Trinidad and Tobago 66.41 Dec / 2022 2.37% 6.68%
Turkey 5737.01 Dec / 2022 10.94% 55.69%
USA 10035.94 Jan / 2023 2.52% 11.99%
Uganda 21611.50 Dec / 2022 2.54% 9.80%
Ukraine 952.64 Nov / 2022 -3.08% -0.71%
United Arab Emirates 1173.96 Dec / 2022 0.02% 4.75%
United Kingdom 2090.10 Dec / 2022 0.10% 3.80%
Uruguay 774.04 Dec / 2022 3.52% 9.44%
Vanuatu 61.92 Nov / 2022 2.06% 4.82%
Venezuela 13570945692.66 Dec / 2022 149.40% 700.54%
Zambia 48.42 Nov / 2022 7.99% 20.40%
Zimbabwe 1091.97 Dec / 2022 32.81% 488.93%
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