List of countries by corporate debt

The following list sorts countries by nonfinancial corporate debt as percentage of GDP according to data by the International Monetary Fund.

2000–2023

* indicates "Economy of COUNTRY or TERRITORY" links.

Countries by nonfinancial corporate debt, loans and debt securities as % of GDP (2000–2023) ^[1]

Country	2023	2022	2021	2020	2015	2010	2005	2000
Afghanistan *				2.02	3.12	9.96
Albania *	21.37	23.36	26.68	28.57	33.26	30.03	12.67
Argentina *	30.87	17.85	18.35	24.37	15.09	16.24	26.11	21.89
Australia *	60.13	59.83	63.26	69.18	76.13	66.81	67.79	68.71
Austria *	90.16	92.69	101.20	99.46	91.55	93.06	82.05	82.55
Bangladesh *	30.23	31.31	31.44	31.61	29.41	25.90	17.27
Belgium *	130.24	134.72	143.42	156.73	148.80	136.46	113.56	105.41
Brazil *	51.25	52.06	52.35	54.24	53.87	36.82	32.99	33.36
Bulgaria *		59.39	68.84	76.66	95.10	116.36	65.84	25.11
Cameroon *					10.58	7.46	6.54
Canada *	118.19	115.67	126.42	132.81	108.59	85.12	77.42	82.60
Central African Republic *		10.14	8.38	7.92	6.85	5.32	4.29
Chad *			5.51	4.63	4.30	2.17	1.25
Chile *	94.97	97.16	101.75	109.59	104.26	70.14	64.12
China *	141.41	136.21	130.72	137.08	140.87	110.86
Colombia *	30.83	32.32	34.14	37.55	41.10	30.17	26.70	37.42
Congo *	9.81	9.99	11.62	11.91	11.94	4.68	1.54
Costa Rica *		31.56	33.56	35.57	33.90	27.83	27.75
Croatia *	72.56	76.72	82.21	92.11	97.14	99.78	61.14	44.12
Cyprus *		142.56	163.38	179.92	220.91	195.64	158.89	227.23
Czech Republic *		48.86	51.55	55.74	55.73	54.92	43.65	54.42
Denmark *	128.81	132.83	126.07	125.67	126.47	115.97	97.20	75.48
El Salvador *		29.59	29.14	31.92	22.30	19.71	29.04
Estonia *		73.30	75.56	81.56	85.63	95.64	78.57	64.19
Finland *	116.66	122.70	122.16	123.09	126.81	108.27	87.62	90.18
France *	149.47	156.30	161.69	172.28	136.28	118.67	107.68	104.03
Germany *	68.82	71.51	72.56	73.00	62.84	68.56	67.18	68.74
Greece *	55.04	56.29	67.18	66.56	66.63	67.66	46.20	39.41
Honduras *	36.91	35.44	33.99	35.65	25.23	22.12	20.39
Hong Kong *	270.17	277.69	275.67	292.43	230.41	165.33	118.80	104.97
Hungary *	74.87	83.81	80.63	71.07	73.52	86.06	64.26	53.87
Iceland *		125.89	145.03	139.40	202.45	405.77	224.53	112.92
India *	59.26	56.48	54.55	61.18	61.96	67.86	71.11	54.89
Indonesia *		22.21	23.22	25.02	25.06	14.07	16.24
Ireland *	136.74	142.73	156.41	177.32	257.68	197.68	95.62
Israel *	68.51	69.03	70.62	69.49	68.67	82.18	84.45	71.14
Italy *	63.10	67.65	72.45	77.31	77.07	82.16	66.17	56.73
Japan *	114.65	117.68	115.97	115.76	94.32	101.54	100.43	117.78
Jordan *	39.00	41.80	40.80	42.60
Kazakhstan *		18.02	24.50	29.17	38.96	43.20	31.76
South Korea *	113.87	112.61	106.93	103.56	93.11	91.60	70.56	85.83
Latvia *		42.81	47.57	55.02	61.58	91.20	58.47	42.05
Lesotho *	6.55	5.74	5.75	5.89	6.93	6.25	3.41
Lithuania *		40.11	39.50	38.53	37.64	48.83	38.13	29.88
Luxembourg *	316.07	317.76	346.93	339.02	328.68	275.33	161.98	90.79
Malaysia *	89.75	87.59	101.74	105.39	95.95	89.60
Malta *		126.17	149.25	174.97	149.14	161.03	115.24	111.40
Mauritius *		44.48	51.51	62.10	59.24	50.22
Mexico *	20.88	22.75	24.32	26.08	23.67	15.87	12.50	16.60
Morocco *		40.35	37.79	41.10	37.19	40.08	26.80
Myanmar *				26.92	17.39	4.87	4.56
Nepal *	57.58	60.20	66.11	55.33	30.01	24.99	15.31
Netherlands *	113.95	126.64	136.54	144.28	170.12	143.15	126.88	130.10
New Zealand *	69.71	71.05	72.50	77.01	85.56	96.62	90.32	85.32
Nicaragua *	11.96	12.02	11.27	12.10	13.83	9.53	8.37
North Macedonia *	69.07	69.77	68.12	67.34	65.90	58.34	26.82
Norway *	142.74	126.47	142.56	163.72	153.06	142.97	112.66	103.86
Pakistan *		19.49	20.59	20.70	12.57	16.71
Paraguay *		47.37	46.84	47.12
Peru *		43.49	46.85	53.14	34.09	19.63	14.64
Poland *	36.98	40.60	43.51	45.93	47.90	38.62	28.31	32.47
Portugal *	82.89	92.62	103.04	107.52	119.65	127.13	101.05	83.93
Romania *		13.18	13.18	13.57	14.73	23.11	12.91
Russia *	76.25	72.04	77.35	92.09	87.81	52.83	38.83	23.11
Western Samoa *	22.18	27.96	28.88	28.68	24.82	20.65	18.94	16.15
São Tomé and Príncipe *	1.65	3.84	6.65	8.01	13.13	12.88
Saudi Arabia *		35.20	40.93	44.23	34.30	26.16	12.97	13.72
Singapore *	129.56	123.07	148.89	171.11	139.79	95.61	95.66	105.48
Slovakia *	46.44	52.13	52.56	54.59	50.53	43.10	36.80	43.10
Slovenia *	41.12	45.60	46.01	47.69	67.83	94.69	65.17	43.95
Solomon Islands *	11.39	11.97	12.65	14.16	12.64	12.17	8.70
South Africa *	31.32	32.97	31.87	36.68	38.13	32.60
Spain *	79.73	90.33	102.17	106.66	108.89	139.07	102.80	72.52
Sri Lanka *					33.35	2.34
Suriname *		39.05	45.29	54.89	45.73	15.97	11.62
Sweden *	127.71	152.36	150.37	145.30	129.65	113.40	106.51	107.08
Switzerland *	138.13	144.15	149.15	141.83	111.72	106.92	86.51	90.47
Tajikistan *	3.55	3.21	3.32	4.23	11.10	7.84	4.85
Thailand *	91.23	91.70	94.22	91.34	83.13	74.52	94.58
Turkey *	47.97	54.80	74.35	71.42	61.49	39.72
Ukraine *	41.35	50.43	39.94	50.94	98.75	78.27	39.40	15.88
United Arab Emirates *		69.10	83.59	100.41	76.62	74.82
United Kingdom *	62.85	65.99	75.91	83.78	69.64	82.10	78.22	70.74
United States *	77.21	80.65	82.76	86.33	73.68	68.96	64.84	65.90
Vanuatu *		25.55	26.51	26.17	33.34	32.91	26.73

1960–2000

* indicates "Economy of COUNTRY or TERRITORY" links.

Countries by nonfinancial corporate debt, loans and debt securities as % of GDP (1960–2000) ^[1]

Country	2000	1995	1990	1985	1980	1975	1970	1965	1960
Argentina *	21.89	20.90
Australia *	68.71	60.01	75.91	52.60	39.29
Austria *	82.55	65.17
Belgium *	105.41	68.56	57.21	51.84	55.20
Brazil *	33.36	38.84
Bulgaria *	25.11	30.57
Canada *	82.60	81.94	79.18	67.34	69.81	57.61	52.01
Colombia *	37.42
Croatia *	44.12	30.33
Cyprus *	227.23	254.78
Czech Republic *	54.42	59.54
Denmark *	75.48	65.43
Estonia *	64.19	32.43
Finland *	90.18	83.86	86.49	67.22	61.61	62.37	72.80
France *	104.03	97.83	92.70	79.48	78.60
Germany *	68.74	55.11	59.40	61.21	60.43	59.37	53.46
Greece *	39.41	29.68
Hong Kong *	104.97	116.27	131.83
Hungary *	53.87	38.33	46.85	51.20	50.93	39.57	31.95
Iceland *	112.92	71.20	69.64	81.69	66.86	56.48	55.57
India *	54.89
Israel *	71.14	55.13
Italy *	56.73	52.55	41.97	42.72	43.17	61.15	61.33	54.13	43.83
Japan *	117.78	142.35	139.18	109.91	94.27	100.51	91.85	95.44
South Korea *	85.83	87.37	73.01	76.33	58.63	39.95	42.52	21.20
Latvia *	42.05	10.74
Lithuania *	29.88	19.82
Luxembourg *	90.79	73.83
Malta *	111.40	109.88
Mexico *	16.60	35.77
Netherlands *	130.10	116.71	111.46
New Zealand *	85.32	78.27	70.88
Norway *	103.86	86.75	100.53	89.22	81.56	78.61
Poland *	32.47	19.89
Portugal *	83.93	65.03	61.30	105.87	101.76
Russia *	23.11
Western Samoa *	16.15	7.95
Saudi Arabia *	13.72
Singapore *	105.48	105.46	62.81
Slovakia *	43.10	62.83
Slovenia *	43.95	28.49
Spain *	72.52	48.68	45.10	51.67	53.11
Sweden *	107.08	88.63	99.33	59.08	53.46	61.87	74.36	72.24
Switzerland *	90.47
Ukraine *	15.88	7.60
United Kingdom *	70.74	53.87	57.07	34.88	26.60	27.40	27.33
United States *	65.90	56.63	63.92	59.42	51.72	51.83	48.29	41.21	37.16

See also

• List of countries by external debt
• List of countries by household debt
• List of countries by government debt
• Global debt

References

1. "Nonfinancial corporate debt, loans and debt securities". IMF.