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.

* indicates "Economy of COUNTRY or TERRITORY" links.

Countries by nonfinancial corporate debt, loans and debt securities as % of GDP 1970 to 2022

Country	2022	2021	2020	2015	2010	2005	2000	1995	1990	1985	1980	1975	1970
Afghanistan *			2.02	3.12	9.96
Albania *	24.27	26.2	28.63	33.26	30.03	12.67
Argentina *	18.23	18.36	24.16	15.09	16.24	26.11	21.89	20.90
Australia *	61.86	65.40	71.50	78.32	68.40	69.84	68.69	59.84	75.46	51.64	38.50
Austria *	95.19	100.96	99.96	91.55	93.06	82.05	82.55	65.17
Bangladesh *	31.31	31.44	31.61	29.41	32.47	17.27
Belgium *	135.4	150.36	154.77	150.56	137.53	113.56	105.41	68.56	57.21	51.57	55.20
Brazil *	52.92	54.36	55.27	53.87	36.82	32.99	33.36	38.84
Bulgaria *		72.55	77.49	95.03	116.37	65.84	25.11	35.67
Cameroon *			10.59	10.58	7.46	6.54
Canada *	113.5	123.00	131.71	108.70	85.29	77.42	82.60	81.94	79.18	84.11	70.04	74.30	61.34
Central African Republic *				6.99	5.32	4.29
Chad *				5.70	2.89	1.70
Chile *	98.9	101.93	110.38	104.06	70.09	69.02
China *	133.58	131.45	139.15	140.87	110.86
Colombia *	32.45	33.90	37.54	41.10	30.17	26.70	37.44
Congo *				11.94	4.68	1.54
Costa Rica *	32.01		35.77	33.90	27.83	27.86
Croatia *	76.46	84.65	93.67	97.86	100.44	61.21	44.05	30.29
Cyprus *		170.75	184.04	221.65	196.16	158.89	227.23	254.78
Czech Republic *	48.89	51.55	55.74	55.73	54.92	43.65	54.42	59.54
Denmark *	127.92	127.31	132.54	126.09	116.09	97.46	75.43	65.37
El Salvador *	30.06	29.59	32.54	22.30	19.71	29.04
Estonia *		75.41	81.46	85.63	95.64	78.57	64.19	32.43
Finland *	112.46	116.14	122.09	126.09	108.27	87.60	90.14	83.78	86.50	61.44	61.61	62.37
France *	161.96	166.15	172.57	136.47	118.72	107.44	103.67	97.47	96.27	84.18	85.58
Germany *	72.84	72.34	73.12	64.06	69.94	68.28	69.41	55.26	59.61	54.44	60.65	55.70	55.05
Greece *	53.92	65.90	65.74	66.52	67.61	46.59	39.74	29.68
Honduras *	32.49	30.61	31.63	24.89	21.88	20.39
Hong Kong *	276.77	275.04	292.00	230.02	165.38	118.86	105.05	116.27	131.83
Hungary *	86.67	74.12	69.81	73.57	86.19	64.39	53.87	38.33	46.85	51.20	50.93	39.58
Iceland *		119.49	138.67	200.73	404.28	222.14	112.92	71.20	69.64	81.69	66.86	56.90
India *	52.36	50.95	57.45	66.03	71.40	74.12	56.99
Indonesia *	22.03	23.09	24.87	25.05	14.05	16.25
Ireland *	147.92	164.85	180.65	267.06	197.75	206.15	93.94
Israel *	69.12	71.34	69.50	68.69	82.64	84.66	71.40
Italy *	68.55	72.88	77.07	77.07	82.16	66.17	56.73	41.66	42.43	42.87	42.85
Japan *	117.97	118.25	116.41	94.36	101.55	100.43	117.78	142.35	138.72	109.88	94.39	100.64	102.69
Jordan *	41.8
Kazakhstan *	17.99	24.50	29.17	38.09	41.15	31.76
South Korea *	119.64	113.69	109.84	97.75	95.54	73.34	89.00	90.53	75.65	79.09	60.75	40.21
Latvia *		47.65	56.22	61.61	91.20	58.47	42.13	10.74
Lesotho *	5.28	5.66	5.98	6.91	6.25	3.97
Lithuania *		40.59	36.80	37.63	48.82	38.13	29.83	19.81
Luxembourg *	330.94	319.43	346.73	328.69	275.33	161.98	90.79	73.83
Malaysia *	64.18	77.63	82.32	74.20	64.98
Malta *		163.42	178.72	149.14	161.03	115.24	111.40	109.88
Mauritius *	45.02	49.01	58.51	62.32	52.61
Mexico *	23.66	24.76	27.00	24.50	16.58	13.07	17.41	37.76
Morocco *	39.06	37.95	41.19	37.19	40.08	26.80
Myanmar *			25.78	17.39	4.57	4.28
Nepal *	61.75	67.27	55.33	30.01	24.99	15.31
Netherlands *	136.8	146.26	147.89	172.39	144.01	127.41	130.16	117.06	111.63
New Zealand *	70.48	72.73	76.84	85.59	96.62	90.32	85.30	78.24	70.91
Nicaragua *	11.93	11.37	12.18	13.83	9.53	8.37
North Macedonia *	69.43	68.46	68.71	65.90	58.34	26.82
Norway *	114.19	139.16	166.43	153.93	143.74	112.66	103.99	86.75	100.53	89.22	81.56	78.61
Pakistan *	19.4	20.60	20.70	12.38	16.49
Peru *	41.44	47.03	53.58	34.24	19.64	14.64
Poland *	40.31	43.77	45.89	47.55	38.47	28.31	32.53	19.93
Portugal *	92.26	104.01	106.96	119.65	127.13	101.05	83.93	65.03	61.11	105.50	101.40
Romania *	13.08	13.27	13.68	14.75	23.64	12.91
Russia *	72.73	79.84	91.69	87.81	52.83	38.83	23.11	15.55
Western Samoa *	27.98	28.88	28.68	24.82	20.65	18.94	19.43	7.95
São Tomé and Príncipe *		8.61	7.98	10.80	12.44
Saudi Arabia *	51.64	61.03	63.80	50.93	37.80	28.45	23.11
Sierra Leone *	4.42	5.12	4.07	4.16	5.04	2.54
Singapore *	131.34	161.51	172.24	138.96	95.01	95.08	104.88	104.89	62.81
Slovakia *	51.2	53.62	54.50	50.68	43.27	36.80	43.10	62.83
Slovenia *		46.15	47.76	67.83	94.69	65.17	43.95	28.61
Solomon Islands *		11.80	14.16	12.64	12.17	9.66
South Africa *	33.06	32.02	36.72	38.13	32.60
Spain *	93.31	103.97	107.91	109.86	139.64	102.88	72.49	48.74	45.15	51.81	53.25
Sri Lanka *				33.35	2.34
Sweden *	154.51	155.25	146.21	129.14	113.40	106.51	107.08	88.63	99.33	59.99	53.46	61.86
Switzerland *	143.09	143.19	136.51	111.01	102.51	82.97	86.87
Tajikistan *		3.39	4.23	11.10	7.84	4.85
Thailand *	87.35	89.58	86.62	78.16	70.41	90.29
Turkey *	54.7	74.35	71.58	61.49	39.72	21.93	21.82	18.16	16.15
Ukraine *	53.42	39.87	50.94	98.75	78.27	39.40	15.88	7.60
United Arab Emirates *	68.53	82.68	97.78	79.22	76.81
Great Britain *	67.6	71.69	78.86	70.32	83.52	78.65	70.87	57.89	57.66	35.39	26.95	27.45	27.38
United States *	78.06	81.10	85.22	71.10	66.89	62.79	64.35	56.01	63.45	59.28	51.61	51.39	48.10
Vanuatu *		26.34	26.54	33.34	32.91	26.73

See also

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