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FinObservatory

Rankings / Credit cycle (BIS)

Private non-financial credit

% of GDP

43 economies, each at its own latest reading (2025), ranked highest first. Median 133.

A fixed BIS reporting set of roughly 44 advanced and major emerging economies, not the whole world; property prices reach further. Source: BIS credit, debt-service and property statistics. Construction: country methodology.

#Economy% of GDPYear
1Luxembourg LUX4202025
2Hong Kong HKG3292025
3Netherlands NLD2602025
4Switzerland CHE2522025
5Sweden SWE2292025
6Denmark DNK2252025
7Norway NOR2232025
8Canada CAN2192025
9France FRA2152025
10China CHN2012025
11South Korea KOR1992025
12Finland FIN1772025
13Australia AUS1762025
14Japan JPN1752025
15Belgium BEL1752025
16Singapore SGP1712025
17New Zealand NZL1612025
18Malaysia MYS1582025
19Thailand THA1562025
20United States USA1402025
21Germany DEU1372025
22United Kingdom GBR1332025
23Chile CHL1312025
24Portugal PRT1282025
25Austria AUT1262025
26Spain ESP1192025
27Ireland IRL1162025
28Israel ISR1162025
29Russian Federation RUS1062025
30India IND1022025
31Greece GRC97.42025
32Italy ITA94.32025
33Brazil BRA93.02025
34Hungary HUN90.92025
35Czech Republic CZE85.22025
36Saudi Arabia SAU77.62025
37South Africa ZAF66.62025
38Poland POL56.82025
39Colombia COL54.42025
40Turkey TUR49.02025
41Indonesia IDN40.62025
42Mexico MEX38.72025
43Argentina ARG28.92025

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